The URL can be used to link to this page

Home My WebLink About04-01378 DOCUMENTATIONThe City of Miami, Florida Community Redevelopment Agency Monthly Financial Consolidated Revenue/Expenditures - Project As of December 31, 2004 SOUTHEAST OVERTOWN PARK WEST OMNI GENERAL OPERATING CAA TOTALS FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2 REVISED AS END % of REVISED AS END % of REVISED AS END % of REVISED AS END % of BUDGET OF DEC Budget Variance BUDGET OF DEC Budget Variance BUDGET OF DEC Budget Variance BUDGET OF DEC Budget SUMMARY - REVENUES TAX INCREMENT REVENUES 1,627,940 0.0% 1,627,940 3,920,453 - 0.0% 3,920,483 - - - 5,540,423 - 0% CONTRIBUTION GOVTS-COUNTY 1,196,954 1,188,848 99.3% 6,106 2,294,328 2,251,562 99.4% 12,766 - - - 3,491,282 3,470,410 99°. OTHER REVENUES 73,001,960` 423 6.0% 13,001,537 2,974,445 (619) 0.0% 2,975,66,1 2,373,002 134.083 5.8% 2,178,919 18,289,407 133,887 1°.6 TOTAL REVENUES 15,826,854 1,189,271 7.5% 14,637,583 9,189,256 2,280,943 24.8% 6,906,313 2,313,002 134,083 5.6% 2,178,919 27,329,112 3,604,297 13% EXPENDITURES L. PERSONNEL SERVICES - - - - - - 964,031 149,285 15.2% 834,796 984,081 149,285 15°5 OPERATING EXPENSES 1.165,431 62,206 5.3% 1,103,225 616,200 42,277 6.9% 573,923 659,643 99,555 15.14 410,980 2,4-41,274 204,039 8% CAPITAL PROJECTS 3,712,427 19,407 0.6% 3,093,020 4,300,000 - 0.0% 4,300,000 6,000 932 15.5% 5,068 7,418,427 20,339 0'. GRANTS AND AIDS 303,163 315 0.1% 202,848 584,504 20,834 3.6% 563,670 - - - 887,667 21,149 2% NON OPERATING 11,245,833 - 0,0% 11,245,833 3,688,552 - 0.0°6 3,688,552 663,278 6,823 1.0% 556.455 15,597,663 6.823 0% .I TOTAL EXPENDITURES 15,826,864 81,929 0.5% 15,440,391 9,189,256 63,111 0.7% 9,126,145 2,313,002 256,596 11.1% 1,907,298 27,329,112 401,636 1% REVENUE LESS EXPENDITURES 1,107,342 2,217,832 (122,513) 3,202,661 I I File: Financial Report - January 2005 Agenda.xls 1 1/7/2005 Community Redevelopment Agency South East Overtawn Park Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of December 31, 2004 SEOPW - Ord 10039 FY 2004 REVISED BUDGET FY 2004 AS END % of Enc OF DEC Budget Variance Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 1,627,940 - 0.0% 1,627,940 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,196,954 1,188,848 99.3% 8,106 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING 8,000 - 8,000 04 CHARGES FOR SERVICES 438 HOUSING 264 PROPERTY SALE 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON I 094 INTEREST ON INVESTMENT 25,000 13,613 54.5% 11,387 264 PROPERY SALE 10,462,460 10,462,460 379 INTEREST INCOME -OTHER - - 749 GAIN/LOSS INVESTMENTS 1,500 (14,143) 15,643 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 3,000 500 2,500 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 244 CARRYOVER FUND BALANCE 2,500,000 2,500,000 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING 2,000 452.40 22.6% 1,548 TOTAL REVENUES 15,826,854 1,189,270.96 7.5% 14,637,583 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 010 SALARIES - UNCLASSIFIED 200 FRINGE BENEFITS -FIXE❑ 100 SOCIAL SECURITY CONTRIB 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES -ACCTG 25,000 31,006 (6,006) 602 INTEREST EXPENSE 60,000 60,000 400 OPERATING EXPENSES -VARIABLE - 220 PROFESSIONAL SERVICES -APPRAI 40,000 1,350 12,500 31.3% 26,150 250 PROFESSIONAL SERVICES - LEGAL 150,002 140,992 (18,247) -12.2% 27,256 270 PROFESSIONAL SERVICES -OTHER 731,675 162,193 13,359 1,8% 556,123 340 OTHER CONTRACTUAL SERVICES - O 156,754 23,589 14.9% 135,165 760 BOOKS PUBLICATIONS MEMBERSHIPS 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 860 CONSTRUCTION IN PROGRESS 3,112,427 19,407 0.6% 3,093,020 B0 GRANTS AND AIDS 600 GRANTS IN AID - 940 OTHER GRANTS AND AIDS 303,163 315 302,848 90 NON -OPERATING - 600 TRANSFERS TO OTHER FUNDS 951 CONTRIJTRANSFER TO DEBT SERVIC - 956 CONTRIBUTION TO SPECIAL REVENU 513,195 513,195 950 CONTRIBUTION TO GRAL FUND 960 CONTRIBUTION TO TRUST 8 AGENCY - 990 OTHER NON -OPERATING 10,462,460 10,462,460 996 BUDGET RESERVE 270,178 270,178 TOTAL EXPENDITURES 15,826,854 304,535 81,929 0.5% 15,440,391 REVENUE LESS EXPENDITURES 1,107,342 2 Community Redevelopment Agency Omni Tax Increment Fund Interlocal Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of December 31, 2004 OMNI TAX INCREMENT FUND FY 2004 FY 2004 REVISED AS END % of BUDGET Enc OF DEC Budget Variance Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 3,920,483 - 3,920,483 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 2,294,328 - 2,281,562 99.4% 12,766 04 CHARGES FOR SERVICES 311 MAJOR DESC. NOT FOUND 754 CRA FUND T/OUT SEOPW - 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 094 INTEREST ON INVESTMENT 40,000 16,858 42.1% 23,142 244 CARRYOVER FUND BALANCE 2,932,945 2,932,945 749 GAIN/LOSS INVESTMENTS 1,500 (17,477) 18,977 TOTAL REVENUES 9,189,256 2,280,943 24.8% 6,908,313 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 -ACCT'G 287 ADVERTISING 470 ENTERTAINMENT 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES -ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 270 PROFESSIONAL SERVICES - OTHER 340 OTHER CONTRACTUAL SERVICES - 0 680 PRINTING/BINDING - OUTSIDE 690 PROMOTIONAL ACTIVITIES 760 BOOKS PUBLICATIONS MEMBERSHIPS 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 860 CONSTRUCTION IN PROGRESS 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRIITRANSFER TO DEBT SERVIC 952 CONTRIBUTION TO CAP PROJECTS 996 BUDGET RESERVE 956 CONTRIBUTION TO SPECIAL 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 25,000 11,506 46.0% 13,494 60,000 - 6,999 11.7% 53,001 531,200 23,772 4.5% 507,428 4,300,000 584,504 1,118,133 1,140,419 20,834 0.0% 4,300,000 3.6'/0 563,870 1,430, 000 1.5% TOTAL EXPENDITURES 1,118,133 1,140,419 1,430, 000 9,189,256 0 63,111 0.7% 9,126,145 REVENUE LESS EXPENDITURES 2,217,832 3 Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of December 31, 2004 GENERAL OPERATING Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON I 094 INTEREST ON INVESTMENT 139 REIMB. 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 REVISED BUDGET Enc FY 2004 AS .END % of OF DEC Budget Variance 24,185 (24,185) 659, 388 109,898 16.7% 549,490 1,653,614 1,653,614 TOTAL REVENUES 2,313,002 134,063 5.8% 2,178,919 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS. PERM. FT 147,000 - 8,445 5.7% 138,555 006 EARNED TIME PAYOFF 96,000 - 96,000 010 SALARIES -UNCLASSIFIED 407,000 114,908 28.2% 292,092 013 SALARIES - TEMPORARY 90,500 5,926 84,574 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 18,000 495 2.7% 17,505 083 CAR ALLOWANCE 12,000 1,938 16.2% 10,062 100 SOCIAL SECURITY CONTRIB 85,000 7,101 8.4% 77,899 110 RETIREMENT CONTRIB. 52,281 5,808 46,473 130 GROUP INSURANCE CONTRIB. 45,000 24,895 4,469 9.9% 15,637 150 WORKER'S COMPENSATION 160 UNEMPLOYMENT COMPENSATION 6,300 6,300 170 SEVERANCE PAY 180 TUITION REIMBURSEMENT 25,000 195 0.0 24,805 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCTG 287 ADVERTISING 30,000 21,628 72.1 % 8,372 410 TRAVEL AND PER DIEM - TRAINING 420 TRAVEL AND PER DIEM - OTHER 40,000 793 2.0% 39,207 470 ENTERTAINMENT - 495 PARKING EXPENSE 533 POSTAGE 1,000 55 5.5% 946 540 UTILITY SERVICES 14,000 251 1.8% 13,749 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT - OUTSIDE 45,000 7,314 620 RENT BUILDINGS 160,388 105,329 40,003 24.9% 15,056 635 RENT OTHERS - 710 FOOD 13,600 365 747 5,5% 12,488 715 MOTOR FUEL 800 - 800 400 OPERATING EXPENSES -VARIABLE _ 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL - Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of December 31, 2004 FY 2004 REVISED BUDGET Enc FY 2004 AS END % of OF DEC Budget Variance 270 PROFESSIONAL SERVICES - OTHER 231,000 267 0.1% 230,733 289 SPECIAL SERVICES - MISCELLANEO 38,000 35,000 92,1 % 3,000 330 TAXES 340 OTHER CONTRACTUAL SERVICES - 0 13,085 5,145 1,836 14.0% 6,104 510 COMMUNICATIONS SERV. TELEPH. 0 10,770 1,577 711 6,6% 8,481 534 DELIVERY SERVICES 2,000 874 42 2.1% 1,084 650 INSURANCE - LIABLITY 40,000 0.0% 40,000 670 REPAIR/MAINTENANCE - OUTSIDE 5,000 192 3.8% 4,808 680 PRINTING/BINDING - OUTSIDE 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,000 2,025 452 7.5% 3,523 722 MISCELLANEOUS SUPPLIES 2,000 0.0% 2,000 760 BOOKS PUBLICATIONS MEMBERSHIPS 7,000 209 3,0% 6,791 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 840 EQUIPMENT - NEW 841 OFFICE FURNITURE - NEW 6,000 932 5,068 843 EQUIPMENT LEASE -PURCHASED 860 CONSTRUCTION IN PROGRESS 880 CAPITAL LEASES 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 946 REHABILITATION GRANT AWARDS 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 950 CONTRIBUTION TO GRAL FUND 956 CONTRIBUTION TO SPECIAL REVENU 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES 996 BUDGET RESERVE 628,278 628,278 903 MATERIALS AND SUPPLIES 35,000 1,564 6,823 19.5% 26,593 TOTAL EXPENDITURES 2,313,002 149,107 256,596 11.1 % 1,907,299 REVENUE LESS EXPENDITURES (122,513) OMNI and SEOPW Combined General Operating Summary of Disbursements made for the month of December 2004 VENDOR DESCRIPTION AMOUNT AUTHORIZATION CRA Legal Counsel Salary for the month of December 2004 $ 8,211 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 City of Miami Loaned Employees Salary for the month of December 2004 7,935 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 Executive Director's Salary Salary for the month of December 2004 10,753 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 Executive Director's Car Allowance Car Allowance for the month of December 2004 462 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 Executive Director's Expense Allowance Expense Allowance for the month of December 2004 86 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 CRA's payroll Payroll for the month of December 2004 29 723 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 Retirement Plan Retirement for the month of December 2004 2 296 Reso # CRA - 04-0005 and Reso # CRA - 04-0006 Citadel Rent of CRA office for the month of December 2004 13,168 SEOPW / CRA Reso # 03-60 and OMNI / CRA # 03 -42 Neighborhood Health Health Insurance 2,492 Reso # CRA - 04-0023 Paragon Dental Insurance 66 Executive Director Authorization Miami Times Advertising 1,402 Executive Director Authorization Miami Today Advertising 2,562 Executive Director Authorization ADP Easy Pay Payroll Processing 182 Executive Director Authorization Best Maintenance Janitorial Services 375 Executive Director Authorization New Providence Lodge Masonic Lodge Net - Final Lease Payment 500 SEOPW / CRA Reso # 03-14 Bellsouth Telephone Service 457 Executive Director Authorization Nextel Cell phone Service 131 Executive Director Authorization City of Miami Postal Charge 22 Executive Director Authorization FED Ex Delivery Service 42 Executive Director Authorization FPL Utility Service - 250 NW 10th st parking 371 Executive Director Authorization Crystal Water Water 112 Executive Director Authorization 6 Downtown Development Receipt for Luncheon Miami City Club for the PAC task force held on November 8, 2004. 260 Executive Director Authorization Ikon Office Solutions Copier Maintenance Lease 1,660 Executive Director Authorization Ikon Office Solutions Supplies 941 Executive Director Authorization City Clerk Transfer to City Clerk 35,000 Reso # CR A -R-04-0024 Miguel Valentin Tuition Reimbursement 105 Executive Director Authorization Percilla Kelsey Petty Cash Replenishment 130 Executive Director Authorization Total $ 119,443 OMNI Community Redevelopment Agency Summary of Disbursements made for the month of December 2004 VENDOR DESCRIPTION AMOUNT AUTHORIZATION Akerman SenterFitt Federal Legislative Consultants $ 6,249 Reso # CRA -R-04-0007 Doug Bruce State Legislative Consultants 2,400 OMNI/CRA Reso # 04-29 Downtown Development Comprehensive Study of Parking 15,000 Reso # CRA -R-04-0002 Downtown Miami Partnership OMNI Parking Program - Paint the Town Red Grant 10,454 OMNI/CRA Motion # 03-9 Holland Knight Representation of OMNI District 750 Reso # CRA -R-04-0020 JW Marriot Hotel Downtown Miami Project Grant 500 Executive Director Authorization MIART Foundation Impact Art Basel Grant 9,380 Reso # CRA-R-04-0003 Total $ 44,733 8 SEOPW Community Redevelopment Agency Summary of Disbursements made for the month of December 2004 VENDOR DESCRIPTION AMOUNT AUTHORIZATION Akerman Senterfitt Federal Legislative Consultants $ 6,249 Reso # CRA -R-04-0007 All County Security Ward Rooming House - Security Services 7,311 Reso # CRA -R-04-0011 Blazejack Company Appraisal Block 36 2,500 Executive Director Authorization City of Miami "No Trespassing" Signs 123 Executive Director Authorization Doug Bruce State Legislative Consultants 2,400 SEOPW/CRA Reso # 04-49 Encore Services Ward Rooming House 1,700 Reso # CRA -R-04-0012 HJ Ross General Consulting 14,468 SEOPW/CRA Reso # 03-43 HJ Ross Longshoremen's Building Floor Plan Assistance 994 SEOPW/CRA Motion # 04-57 HJ Ross JustpRight Barber 1,620 SEOPW/CRA Reso # 03-79 HJ Ross Ward Rooming House 4,027 Reso # CRA -R-04-0008 Holland Knight Bayview Towers 3,025 Reso # CRA -R-04-0019 Holland Knight Declaratory Action Against Sawyer 5,074 Reso # CRA-R-04-0018 Holland Knight Poinciana Village Limited Partnership 675 Reso # CRA -R-04-0018 Holland Knight Crosswinds 40,145 Reso # CiA -R-04-0018 Holland Knight Southeast overtown / Park West 14,625 Reso # CRA - R - 04-0019 Holland Knight Reimbursement for Blazejack 10 000 Poinciana Village / Sawyers Walk Litigation Expense Holland Knight Reimbursement for Pricewaterhouse Due Diligence 12,142 Crosswinds Settlement Expense Miami Dade CountyAssessment fees for Jackson Soul Food 460 SEOPW/CRA Reso # 03-78 Post Buckley Schuh Jernigan Lyric Theater Alleyway 14,700 SEOPW/CRA Motion # 03-28 Benson Kline Jacomino External Auditing Services 17,500 SEOPW/CRA Motion # 03-98 Under Power Corptreet p Light Agreement 1,570 SEOPWICRA Reso # 01-147 Walter HAAS & Sons 10 Reflective "No Trespassing" Signs 300 Executive Director Authorization Total $ 161,607 10 Community Redevelopment Agency SEOPW and Omni CRAs' External Audit Findings and Other Observations Status Report as of 1/31/05 Item No Year Reportable Condition (Severe) Other Observation (Less Severe) Subject Condition Found Corrective Action Projected Resolution Date Date Resolved 1 2004 x Payments to Vendors Two payments to two separate vendors, one for $7,950 and another for $3,466, that were paid by the Executive Director using his own personal funds, which was subsequently reimbursed to the Executive Director by the Agency. Based on our discussions with the Executive Director, we noted that the two payments were payments that needed to be made immediately, which immediate payment could riot have been made through the normal accounts payable process. ' Resolution authorizing Executive Director to utilize personal funds in an emergency to be presented to the CRA Board on January 31, 2005. Jan. 31, 2005