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HomeMy WebLinkAboutMCRA-R-11-0006 07-28-2011 BackupMIDTOWN SPECIAL REVENUE FUND BUDGET FY 2012 Budget - MIDTOWN Special Revenue Revenues * AD VALOREM - CITY OF MIAMI $313,005 * AD VALOREM - MIAMI DADE COUNTY $197,331 MISC -INTEREST CARRYOVER FUND BALANCE TOTAL REVENUES $510,337 Expenditures PROFESSIONAL SERVICES - LEGAL $0 ACCOUNTING AND AUDIT $4,500 PROFESSIONAL SERVICES - OTHER $0 OTHER CONTRACTUAL SERVICES $0 INTERFUND TRANSFER (Administration) $5,103 INTERFUND TRANSFER (Grant) $0 OTHER CURRENT CHARGES AND OBLIG $500,733 INTERFUND TRANSFER (Debt Service) $0 CONSTRUCTION IN PROGRESS $0 OTHER GRANTS AND AIDS $0 BUDGET RESERVE $0 TOTAL EXPENDITURES $510,337 REVENUE LESS EXPENDITURES $o * Taxable Value In the CRA District - (DR-422) Less Base Value (2004) Tax Increment Value Dlvlded by Multlplled by City Mlllage (estimate) County Mlllage (estimate) Gross Ad Valorem - City of Miami Gross Ad Valorem - Mlaml Dade County FY 2010 Estimated Ad Valorem Value Adjustment Dlvlded by Multlplled by City Mlllage (estimate) County Mlllage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Mlaml) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) Net Ad Valorem - City of Mlaml Net Ad Valorem - Mlaml Dade County $172,216,084 ($29,281,592) $142,934,492 $1,000 95% 7,674 4.838 $1,042,035 $656,941 $100,000,000 $1,000 95% 7.674 4.838 (729,030.00) (459,610,00) $313,005 $197,331 OMNI CRA, SEOPW CRA and MIDTOWN CRA GENERAL OPERATING BUDGETS FY 2012 Budget General Operating Fund Revenues FY 2011 ESTIMATED CARRYOVER FUND $280,000 BALANCE -GENERAL FUND OTHER INTERFUND TRANSFERS-OMNI CRA, $1,933,613 Midtown CRA AND SEOPW CRA SPECIAL REVENUE FUND (Estimated FY 2012 TIF revenue shares for administration) TOTAL REVENUES $2,213,613 Expenditures REGULAR SALARIES $1,029,411 OTHER SALARIES $43,000 FICA TAXES $82,353 LIFE AND HEALTH INSURANCE $156,101 RETIREMENT CONTRIBUTION $70,519 FRINGE BENEFITS $9,980 OTHER CONTRACTUAL SERVICE $51,660 TRAVEL AND PER DIEM $2,500 COMMUNICATIONS $7,520 UTILITY SERVICE $63,308 INSURANCE $112,000 OTHER CURRENT CHARGE $5,700 SUPPLIES $12,000 OPERATING SUPPLIES $8,000 SUBSCRIPTION MEMBERSHIP $6,000 MACHINERY AND EQUIPMENT $23,000 ADVERTISING $30,000 RENTAL AND LEASES $163,208 POSTAGE $3,000 REPAIR/MAINTENANCE - OUTSIDE $2,250 INTERFUND TRANSFER $47,000 BUDGET RESERVE $285,103 TOTAL EXPENDITURES $2,213,613 REVENUE LESS EXPENDITURES $0 2 TAX INCREMENT.A TMENT ORKSHET Rule 12dER11-10 Florida Administrative Code Eff, 05/11 Year; 2011'.. ... ; County; ' , MIAMI-DADS Principal Authority . •• ` BOARD OF COUNTY COMMISSIONERS Taxing Authority , ' • COUNTY OPERATING • ' - Community Redevelopment Area : MIDTOWN MIAMI CRA Base Year ' ' 2004 ' ;" SECTION i•:' -COIMIPLETED I#Y'lPROPERTYAPPRAISER , 1. Current year thkable value In the fax Increment area •, .... $ 2L ease year taxable value in the tax Increment area $ 29,2gx5g2" (2} "3."' Current yeartaxlncrementvalue (Lune 1•mirlusLln22)•: 4: PrioryeiirFlrial,taical levalue lrl''thietaxi. ritrement'area $ , 254,057,755 (4) 5. Prior year tax Increment value (Line 4 minus Llne2) , $r': -: ' : ': . • 224,776,163 (5) s GN HEF E ' Property Appraiser Certification !certify the taxable values above'are correct tc the best of My knowledge, Slgrlattire of Pr j rf�App ' er: i . t: ` :J • ' i7 to I , .Y ; •q j�, y „� .� ^-S nz`msrc' .. t�.. - _ Kw . f . •Raw• .y C =.ts '-`-di'`sriU.t..' , • ,. � � �' Y�`� 1� ! t11`ll P++J'•= yefw�•�� �t `t• w�vN2n '� ��ii?.'nr r!lrr .. via 6. If the amount to be pald,-to the redevelopment trust fund I5 BASED ori'a specific proportion ©f the tax iiic"ren ant value_' 6a. Enter the proportion on which the payment Is based, . o (6e} 6b' Dedicated Increment value (Line 3 multiplied by the percentage on Line 6a) IfvaluelszePoorfesa thanzero then'enterzevo on Line 6b ' ' ''• (6b) Amount of payment to redevelopment trust fund In prior year $ . , (6c) 7. If the amaunt to be paid, to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: ., 7e. Arrioiirit'of payment to'recleVelophtertt trust fund In'prlor year $ • , : , (7a) 7b. Prior year operating mllfage feuyfrorn Ebrm DR=420;.Lirie 10 per$1,000 {7b) 7c, Taxes levied on prior year tax Increment value (Line 5,multlplled by Line 7b, divided by 1, 000) , . • , ,; . ,,, , , $ ; (7c) 7d. Prior year payment as proportion of taxes levied on Increment value (Line 7a divided by Line7c, multiplied by 100) ` ' •W0 '' ' (7d) Dedicated lncre'rrierlt value (Line3 multiplied by the percentage on Line 7d)' ` ' .If value'Is zero or le'ss.than'iero; then ante? zero on Line 7e $ (7e} N. H E R E Taxing Authority Certification I certify the rairulatianS, milia jeR'and rates are cOPretttothebest'of my knowledge. SI'gnature' bf Chief Administrative Officer ; `; Date : ' ' ' ' ' Titfe : Contact Name and Contact Title ; ,, • • ::, Mailing Address: Physlcal Address: City, State, zip : Phone Number: Fax Number :