HomeMy WebLinkAboutMCRA-R-12-0001 Midtown Special Rev. Budget FY 12MIDTOWN SPECIAL REVENUE FUND BUDGET
FY2012
Budget -
MIDTOWN
Special
Revenue
Revenues
* AD VALOREM - CITY OF MIAMI
* AD VALOREM - MIAM) DADE COUNTY
MISC -INTEREST
CARRYOVER FUND BALANCE
TOTAL REVENUES
Expenditures
PROFESSIONAL SERVICES • LEGAL
ACCOUNTING AND AUDIT
PROFESSIONALSERVICES- OTHER
OTHER CONTRACTUAL SERVICES
INTERFUND TRANSFER (Administration)
INTERFUND TRANSFER (Grant)
OTHER CURRENT CHARGES AND OBUG
INTERFUND TRANSFER (Debt Service)
CONSTRUCTION IN PROGRESS
OTHER GRANTS AND AIDS
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
* Taxable Value In the COLA District - (DR-422)
Less Rase Value (2004)
Tax increment Value
Divided by
Multiplied by
City Mlflage (estimate)
County M81age (estimate)
$1,001,196
$625,531
$1,536,727
$0
$3,000
$0
$0
$5,000
$0
$1,620,360
$0
$0
$8,367
$0
$1,636,727
so
$172,216,084
($29,281,592)
5142,934,492
$1,000
95%
7571
4.805
Gross Ad Valorem • City of Miami $1,028,049
Gross Ad Valorem - Miami Dade County 5652,460
FY 2010 Estimated Ad Valorem Value Adjustment $3,683,437
Divided by $1,000
Multiplied by 95%
City Millage (estimate) 7.674
County Mlliege (estimate) 4.8379
FY 2010 Estimated Ad Valorem Adjustment (City of Miami) (26,853.36)
FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) (16,929.09)
Net Ad Valorem • City of Mlaml $2,001,196
Net Ad Valorem - Miami Dade County 5635,531
Submitted into the public
record •n connect on with
item moo
Priscilla A. Thompson
City Clerk
Funding Source
Description
Category
Authorization
Amount
Budgeted
Amount
Expended
Remaining
Balance
Carryover
Fund Balance
FY 2012
TIP Revenue
Accounting and Audit
1
FY 2012 External Audit -
Sanson Kline Jacomino &
Company, LLP
Admin
Under $4,500-
Executive
Director's
Approval
$3,000
$3,000
$3,000
Subtotal
$3,000
$0
$3,000
$0
$3,000
$0
$3,000
Total Budget Amount
* Remaining Balance will be deobfgated
NR - No CRA Resolution
R - CRA Resolution Passed
$0
$3,000
S3,000
Professional Services (Legal) $0
Accounting and Audit $3,000
Other Contractual Services $0
Professional Services (Other) $0
$3,000
2
$3,000
Submitted into the public
record in connection ith
item 2—on.
Priscilla A. Thompson
City Clerk
Funding Source
Description Category IAuthorization� Amount
Budgeted
Amount Remaining
Expended Balance
Interfund Transfer (Administration)
1 FY 2012 MIDTOWN TIF Admin FY 2012 $5,000
Contribution - General Budget
Operating fund
Other Current Charges and Obligations
2 FY 2012 Midtown CDD -
Debt Service
Infrast Interlocal $1,620,360
Agreement
$5,000
Carryover
Fund
Balance
FY 2012......
TIF Revenue
$5,000
$1,620,360
$1,620,360
Other Grant and Aids
3
Available for Other
Grants and Aids
Quality of NR 58,367
Life
$8,367
$8,367
$1,633,727
$C j $1,633,727
$o
$1,633,727
Total Budget Amount
Interfund Transfer (Adm) $5,000
Other Grants and Aids $8,367
Other Current Charges and Obligations $1,620,360
$1,633,727
3
50
$1,633,727
$1,633,727
Submitted into the public
record in connection with
item4— on
Priscilla A. Thom son
City Clerk