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HomeMy WebLinkAbout04-00905 MONTHLY FINANCIAL REPORTThe City of Miami, Florida Community Redevelopment Agency Monthly Financial Consolidated Revenue/Expenditures - Project As of August 31, 2004 SOUTHEAST OVERTOWN PARK WEST OMNI GENERAL OPERATING CRA TOTALS FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 REVISED AS END % of REVISED AS END % of REVISED AS END % of REVISED AS END % of BUDGET OF AUGUST Budget Variance BUDGET OF AUGUST Budget Variance BUDGET OF AUGUST Budget Variance BUDGET OF AUGUST Budget Variance SUMMARY REVENUES l TAX INCREMENT REVENUES 1,474,398 1,474,398 100.0% - 2,451,649 2,451,649 100.0% - - - - 3,926,047 3,926,047 100% - CONTRIBUTION GOV1'S-COUNTY 1,0.68,564 943,558 93.6% 65,006 1,774,495 2,046,392 115.3% (271,897) - - - 2,783,059 2,989,950 107% (206,891) OTHER REVENUES 5,012,642 1,069,983 21.3% 3,942,659 787,123 42,175 5.4% 744,948 1,698,240 551,283 32.5% 1,144,957 7,496,005 1,663,441 22% 5,832,564 TOTAL REVENUES 7,495,604 3,487,939 46.5% 4,007,665 6,013,287 4,540,216 90.6% 473,061 1,896,240 661,283 32.536 1,144,957 14,205,111 8,579,438 60% 6,625,673 EXPENDITURES PERSONNEL SERVICES - - - - - - 1,101,959 724,681 65.8% 357,606 1.101 959 724,681 66% 357,606 OPERATING EXPENSES 2,311,283 679,879 29.4% 1,247,403 1,726,127 447,102 25.9% 840,197 519,928 324,705 62.5% 195,224 4,557,338 1,451,685 32% 2,282,824 CAPITAL PROJECTS 3,505,442 249,425 7.1% 3,256,017 308,934 (19,635) -6.4% 328,569 10,000 7,181 71.8% 2,819 3,624,378 236,970 6% 3,587,406 GRANTS AND AIDS 1,015,813 03,379 9.2% 922,434 575,934 172,659 30.0% 403,275 - (450) 459 1,591,747 265,588 17% 1,326,159 NON OPERATING 663,066 407,275 61.4% 255,791 2,402,272 1,447,500 603% 954,772 64,353 37,542 58.3% 26,811 3,129.691 1,892,317 60% 1,237,374 I 1 TOTAL EXPENDITURES 7,495,604 1,429,957 19.1% 5,681,646 5,013,267 2,047,626 40.8% 2,526,813 1,696,240 1,093,658 64.55', 682,910 14,205,111 4,571,242 32% 8,791,368 REVENUE LESS EXPENDITURES 2,057,982 2,492,690 1642,376) 4,006,196 I I 0 File: Financial Report - September Agenda.xl8 9/9/2004 Community Redevelopment Agency South East Overtown Park Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of August 31, 2004 FY 2004 REVISED BUDGET Enc FY 2004 AS END %of OF AUGUST Budget Variance SEOPW - Ord 10039 Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 1,474,398 1,474,398 100.0% 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,008,564 943,558 93.6% 65,006 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING 30,000 17,637 - 12,363 04 CHARGES FOR SERVICES 438 HOUSING 264 PROPERTY SALE (49,291) 49,291 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 094 INTEREST ON INVESTMENT 80,000 88,338 110.4% (8,338) 379 INTEREST INCOME -OTHER 1,508 (1,508) 749 GAIN/LOSS INVESTMENTS 3,404 (58,157) 61,561 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 3,613 (3,613) 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO - 244 CARRYOVER FUND BALANCE 4,899,238 1,066,336 3,832,902 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING TOTAL REVENUES 7,495,604 3,487,939 46.5% 4,007,665 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 010 SALARIES - UNCLASSIFIED - 200 FRINGE BENEFITS -FIXED 100 SOCIAL SECURITY CONTRIB 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED - 280 PROFESSIONAL SERVICES - ACCTG 60,000 49,319 10,681 602 INTEREST EXPENSE - - 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES -APPRAI 100,000 1,350 10,100 10.1% 88,550 250 PROFESSIONAL SERVICES - LEGAL 180,334 5,474 166,872 92.5% 7,988 270 PROFESSIONAL SERVICES - OTHER 1,799,549 177,676 417,560 23.2% 1,204,313 340 OTHER CONTRACTUAL SERVICES - 0 171,000 6,358 35,828 21.0% 128,814 760 BOOKS PUBLICATIONS MEMBERSHIPS 400 200 50.0% 200 60 CAPITAL OUTLAY - 500 CAPITAL OUTLAY -VARIABLE - 810 LAND - 0.0% - 860 CONSTRUCTION IN PROGRESS 3,505,442 160,081 249,425 7.1% 3,095,956 80 GRANTS AND AIDS - 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 1,015,813 33,082 93,379 9.2% 889,352 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRI/TRANSFER TO DEBT SERVIC 417,000 407,275 9,725 956 CONTRIBUTION TO SPECIAL REVENU - 950 CONTRIBUTION TO GRAL FUND 246,066 246,066 960 CONTRIBUTION TO TRUST & AGENCY 996 BUDGET RESERVE - - TOTAL EXPENDITURES 7,495,604 384,001 1,429,957 19.1% 5,681,545 REVENUE LESS EXPENDITURES 2,057,982 Community Redevelopment Agency Omni Tax Increment Fund Interlocal Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of August 31, 2004 OMNI TAX INCREMENT FUND FY 2004 FY 2004 REVISED AS END % of BUDGET Enc OF AUGUST Budget Variance Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 2,451,649 2,451,649 03INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,774,495 2,046,392 115.3% (271,897) 04 CHARGES FOR SERVICES 311 MAJOR DESC. NOT FOUND 754 CRA FUND T/OUT SEOPW 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 48,000 86,041 179.3% (38,041) 244 CARRYOVER FUND BALANCE 726,283 726,283 749 GAIN/LOSS INVESTMENTS 12,840 (43,866) 56,706 TOTAL REVENUES 5,013,267 4,540,216 90.6% 473,051 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 010 SALARIES - UNCLASSIFIED - 200 FRINGE BENEFITS -FIXED 100 SOCIAL SECURfTY CONTRIB 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES -ACCTG 109,000 22,994 21.1% 86,006 287 ADVERTISING 10,000 10,000 470 ENTERTAINMENT 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT - 250 PROFESSIONAL SERVICES - LEGAL 150,002 - 40,001 26.7% 110,001 270 PROFESSIONAL SERVICES - OTHER 1,421,625 437,677 348,907 24.5% 635,041 340 OTHER CONTRACTUAL SERVICES - 0 - - 680 PRINTING/BINDING - OUTSIDE - 690 PROMOTIONAL ACTIVITIES 35,000 35,000 100.0% - 760 BOOKS PUBLICATIONS MEMBERSHIPS 500 200 40.0% 300 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE - 860 CONSTRUCTION IN PROGRESS 308,934 (19,635) -6.4% 328,569 80 GRANTS AND AIDS 800 GRANTS IN AID 940 OTHER GRANTS AND AIDS 575,934 1,151 172,659 30.0"/ 402,124 90 NON -OPERATING - 600 TRANSFERS TO OTHER FUNDS 951 CONTRI/TRANSFER TO DEBT SERVIC - - 952 CONTRIBUTION TO CAP PROJECTS 439,143 - 439,143 996 BUDGET RESERVE 515,629 515,629 956 CONTRIBUTION TO SPECIAL 17,500 17,500 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 1,430,000 1,430,000 12.1% TOTAL EXPENDITURES 5,013,267 438,827 2,047,626 40.8% 2,526,813 REVENUE LESS EXPENDITURES 2,492,590 Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of August 31, 2004 GENERAL OPERATING Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON I 094 INTEREST ON INVESTMENT 139 REIMS. PR. YR. EXPEND. 244 CARRYOVER FUND BALANCE 749 GAIN/LOSS INVESTMENTS 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 143 MISCELLANEOUS REVENUE 736 CONTR. FRM. OFFSTR. PARKING 905 MAJOR DESC. NOT FOUND 193 CONTRIBUTION FROM GN.FD. 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 356 CONTRIBUTION FROM TRUST AND AG FY 2004 FY 2004 REVISED AS END % of BUDGET Enc OF AUGUST Budget Variance 8,500 7,143 236,000 659,388 785,209 1,795 (3) 7 8,500 (1,795) 7,143 3 236,000 (7) 549,484 83.3% 109,904 785,209 TOTAL REVENUES 1,696,240 551,283 32.6% 1,144,957 Expenditures 10 PERSONNEL SERVICES 100 SALARIES 8, WAGES -FIXED 001 SALARIES -CLASS. PERM. FT 133,062 31,123 23.4% 101,939 006 EARNED TIME PAYOFF - - 010 SALARIES -UNCLASSIFIED 707,922 571,355 80.7% 136,567 013 SALARIES - TEMPORARY 50,000 - 50,000 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 20,000 3,565 17.8% 16,435 083 CAR ALLOWANCE 10,800 10,615 98,3% 185 100 SOCIAL SECURITY CONTRIB 65,000 43,735 67.3% 21,265 110 RETIREMENT CONTRIB. 57,000 - 33,555 - 23,445 130 GROUP INSURANCE CONTRIB. 40,000 1,802 26,677 66.7% 11,521 150 WORKER'S COMPENSATION 3,700 - 637 0.2 3,063 160 UNEMPLOYMENT COMPENSATION 6,300 - 6,300 170 SEVERANCE PAY 4,175 - 4,175 180 TUITION REIMBURSEMENT 4,000 3,419 0.9 582 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G - 287 ADVERTISING 35,070 34,528 98.5% 542 410 TRAVEL AND PER DIEM - TRAINING 50,000 2,204 47,796 420 TRAVEL AND PER DIEM - OTHER 14,000 5,381 38.4% 8,619 470 ENTERTAINMENT 1,600 - 1,600 495 PARKING EXPENSE - 533 POSTAGE 500 279 55.7% 221 540 UTILITY SERVICES 7,000 2,436 34.8% 4,564 560 UTILITY SERVICES - WATER 5,000 381 0.1 4,619 610 RENT OF EQUIPMENT - OUTSIDE 43,000 7,877 33,958 79.0% 1,166 620 RENT BUILDINGS 166,000 14 156,075 94.0% 9,911 635 RENT OTHERS - 710 FOOD 8,000 183 6,460 80.8% 1,357 715 MOTOR FUEL 400 361 0.9 39 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT - 250 PROFESSIONAL SERVICES - LEGAL - Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expendilures - Project As of August 31, 2004 FY 2004 FY 2004 REVISED AS END % of BUDGET Enc OF AUGUST Budget Variance 270 PROFESSIONAL SERVICES - OTHER 19,958 5,153 25.8% 14,805 289 SPECIAL SERVICES - MISCELLANEO 17,900 3,900 21.8% 14,000 330 TAXES - - - - - 340 OTHER CONTRACTUAL SERVICES - 0 40,000 3,394 6,510 16.3% 30,096 510 COMMUNICATIONS SERV. TELEPH. 0 41,000 3,284 28,554 69.6% 9,163 534 DELIVERY SERVICES 2,000 108 568 28.4% 1,324 650 INSURANCE - LIABILITY 31,000 25,130 61.1% 5,870 670 REPAIR/MAINTENANCE - OUTSIDE 10,000 - 1,694 16.9% 8,306 680 PRINTING/BINDING- OUTSIDE 6,000 482 (42) -0.7% 5,560 690 PROMOTIONAL ACTIVITIES - - - 700 OFFICE SUPPLIES 8,500 271 7,358 86.6% 870 722 MISCELLANEOUS SUPPLIES 1,000 - 132 13.2% 868 760 BOOKS PUBLICATIONS MEMBERSHIPS 12,000 3,686 30.7% 8,314 60 CAPITAL OUTLAY - 500 CAPITAL OUTLAY -VARIABLE 810 LAND - - - - 840 EQUIPMENT -NEW 10,000 7,181 2,819 841 OFFICE FURNITURE- NEW - - - 843 EQUIPMENT LEASE -PURCHASED - - - 860 CONSTRUCTION IN PROGRESS 880 CAPITAL LEASES - 80 GRANTS AND AIDS 600 GRANTS IN AID - - 940 OTHER GRANTS AND AIDS (450) 450 946 REHABILITATION GRANT AWARDS - - - - 90 NON -OPERATING - 600 TRANSFERS TO OTHER FUNDS - - 950 CONTRIBUTION TO GRAL FUND - - 956 CONTRIBUTION TO SPECIAL REVENU 31,000 31,000 - - 700 PRIOR YEAR'S APPROPRIATION - - - - 901 PERSONAL SERVICES 100 - 100 903 MATERIALS AND SUPPLIES 33,253 2,258 6,542 19.7% 24,453 TOTAL EXPENDITURES 1,696,240 19,672 1,093,658 64.5% 582,910 REVENUE LESS EXPENDITURES (542,375)