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HomeMy WebLinkAbout05-00149 FINANCIAL SUMMARYSOUTHEAST OVERTOWN PARK WEST The City of Miami, Florida Community Redevelopment Agency Monthly Financial Consolidated Revenue/Expenditures - Project As of January 31, 2005 OMNI SUMMARY F REVENUES 1 TAX INCREMENT REVENUES CONTRIBUTION GOVTS.COUNTY OTHER REVENUES TOTAL REVENUES EXPENDITURES FY 2005 BUDGET' 1,627,540 13,001,960 .15,826,854 FY 2005 AS END OFJAN 1,627,940 1,188,648 9,874 2,826,662 % of Budget GENERAL OPERATING FY 2005 100.0% 99.3% 0.1% 17.9% Variance 8,106 12,992,086 13,000,192 REVISED BUDGET 3,920,483 2,294,328 - 2,974,445 • 9,189,256- FY 2005 AS END OFJAN 3,920,483 2,281,562 10.753 6,212,798 FY 2005 % of Budget 100.0% 99.4% 0.4% 67.6% Variance 12,766 2,963,692 2,976,458 CRA TOTALS FY 2005 ' REVISED BUDGET 2.313,002 .2,313,002 FY 2005 AS END OF JAN 189,032 189,032 FY 2005 %of Budget 82% 8.2% Variance 2,123,970 2,123,970 FY 2005 REVISED BUDGET 5,548,423. -.;3,491,282• ,18.289,407� 27,329,112 FY 2005 AS END OF JAN 5,548,423 3,470,410 269,659 9,228,492 FY 2005 %of Budget 100% 99% 1% 34% Variance 20,872 18,079,748 _ 18,100,620 PERSONNEL SERVICES OPERATING EXPENSES CAPITAL PROJECTS GRANTS AND AIDS NON OPERATING 1 F TOTAL EXPENDITURES REVENUE LESS EXPENDITURES _..: 1,165,431 3,112,427 -:.. 303;163 11,245,833 15.826,654 92,952 25,134 315 118,401 2,708,261 6.0% 0.8% 0.1% 0.0% 0,7% 1,672,479 3,687,293 302,848 11,245,833 14,783,263 616,200 4,300,000 584,504 - - 3.688,552 9,189,256 94,006 43.290 137,296 6,075,502 15.3% 0.0% 7.4% 0.0% 1.5% 522,194 4,300,000 541,214 3,688,552 8,706,225 :...984,081 659.643 ..: 8,000 663,278: '2,313,002 289,358 82,140 932 41,823 414,254 1225,2221 29.4% 12.5% 15.5% 6-3% 17.9% 694,723 577,503 5,068 621,455 1,768,442 984,081 2,441,274 7.418,427 887,667 289,358 269,099 26 067 15,597,663. 27,329,112 43,605 41,823 669,951 6,558,541 29% 11% 0% 5% 0% 2% 694,723 2,172,176 7,392,366 File: Financial Report - February 2005 Agenda.xls 1 2115/2005 844,062 15,555,840 25,259,929 Community Redevelopment Agency South East Overtown Park Monthly Financial - Budget vs. Actual RevenuerExpenditures - Project As of January 31, 2005 SEOPW - Ord 10039 FY 2005 REVISED BUDGET Enc FY 2005 AS END %of OF JAN Budget Valiance Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 1,627,940 - 1,627,940 100.0% 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 094 INTEREST ON INVESTMENT 25,000 22,522 901 % 2,478 264 PROPERY SALE 10,462,460 10,462,460 379 INTEREST INCOME -OTHER 151 (151) 749 GAIN/LOSS INVESTMENTS 1,500 (13,751) 15,251 607 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 2,826,662.17 17.9% 13,000,192 Expenditures 10 PERSONNEL SERVICES 100 SALARIES 8 WAGES -FIXED 010 SALARIES - UNCLASSIFIED 200 FRINGE BENEFITS -FIXED 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 (16,164) -10.8% 25,175 270 PROFESSIONAL SERVICES - OTHER 731,675 152,372 32,900 4.5% 546,403 340 OTHER CONTRACTUAL SERVICES - O 158,754 33,883 32,710 20.6% 92,160 760 BOOKS PUBLICATIONS MEMBERSHIPS - 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 860 CONSTRUCTION IN PROGRESS 3,112,427 576,608 25,134 0.8% 2,510,685 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 303,163 19,984 315 282,864 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRIlTRANSFER TO DEBT SERVIC 956 CONTRIBUTION TO SPECIAL REVENU 513,195 513,195 950 CONTRIBUTION TO GRAL FUND 960 CONTRIBUTION TO TRUST & AGENCY - 990 OTHER NON -OPERATING 10,462,460 10,462,460 996 BUDGET RESERVE 270,178 270,178 TOTAL EXPENDITURES 15,826,854 925,189 118,401 0.7% 14,783,264 REVENUE LESS EXPENDITURES 2,708,261 2 Community Redevelopment Agency Omni Tax Increment Fund Interlocal Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of January 31, 2005 OMNI TAX INCREMENT FUND FY 2005 FY 2005 REVISED AS END '/ of BUDGET Enc OF JAN 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 I 094 INTEREST ON INVESTMENT 40,000 30,057 75.1% 9,943 244 CARRYOVER FUND BALANCE 2,932,945 2,932,945 749 GAIN/LOSS INVESTMENTS 1,500 (19,304) 20,804 TOTAL REVENUES 9,189, 256 6,212,798 67.6% 2,976,458 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 25,000 10,750 11,506 46.0% 2,744 287 ADVERTISING 470 ENTERTAINMENT 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 60,000 24,250 9,082 15.1% 26,668 270 PROFESSIONAL SERVICES - OTHER 531,200 307,588 73,418 13.8% 150,197 340 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 4,300,000 0.0% 4,300,000 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 584,504 1,151 43,290 7,4% 540,064 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRIITRANSFER TO DEBT SERVIC 952 CONTRIBUTION TO CAP PROJECTS 996 BUDGET RESERVE 1,118,133 1,118,133 956 CONTRIBUTION TO SPECIAL 1,140,419 1,140,419 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 1,430,000 3.0% 1,430,000 TOTAL EXPENDITURES 9,189,256 343,736 137,296 1.5% 8,708,224 REVENUE LESS EXPENDITURES 5,075,502 3 Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures • Project As of January 31, 2005 GENERAL OPERATING Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 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 14D 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 TOTAL REVENUES FY 2005 FY 2005 REVISED AS END % of BUDGET Enc OF JAN Budget Variance 659,388 1,653,614 24,185 (24,185) 164,847 25.0% 494,541 2,313,002 1,653,614 189,032 8.2% 2,123,970 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES- CLASS, PERM. FT 147,000 11,195 7.6% 135,805 006 EARNED TIME PAYOFF 96,000 47,778 48,222 010 SALARIES - UNCLASSIFIED 407,000 183,054 45.0% 223,946 013 SALARIES - TEMPORARY 90,500 10,006 80,494 200 FRINGE BENEFITS -FIXED - 080 EXPENSE ALLOWANCE 18,000 744 4.1% 17,256 083 CAR ALLOWANCE 12,000 3,323 27.7% 8,677 100 SOCIAL SECURITY CONTRIB 85,000 15,753 18.5% 69,247 110 RETIREMENT CONTRIB. 52,281 - 10,360 - 41,921 130 GROUP INSURANCE CONTRIB. 45,000 22,500 6,951 15,4% 15,549 150 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 - ACCT'G 287 ADVERTISING 30,000 22,218 74.1% 7,782 410 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 1,000 113 11.3% 887 540 UTILITY SERVICES 14,000 251 1.8% 13,749 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT- OUTSIDE 45,000 5,571 (889) -2.0% 40,318 620 RENT BUILDINGS 160,388 53,171 33.2% 107,217 635 RENT OTHERS - 710 FOOD 13,600 319 793 5.8% 12,488 715 MOTOR FUEL 800 800 400 OPERATING EXPENSES -VARIABLE - 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL Community Redevebpment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of January 31, 2005 FY 2005 FY 2005 REVISED AS END % of BUDGET Enc OF JAN Budget Variance 270 PROFESSIONAL SERVICES -OTHER 231,000 267 0.1% 230,733 289 SPECIAL SERVICES -MISCELLANEO 38,000 0.0% 38,000 330 TAXES 340 OTHER CONTRACTUAL SERVICES - 0 13,085 4,486 2,506 19.2% 6,093 510 COMMUNICATIONS SERV. TELEPH. 0 10,770 1,446 1,299 12.1% 8,025 534 DELIVERY SERVICES 2,000 874 42 2.1% 1,084 650 INSURANCE -LIABILITY 40,000 0.0% 40,000 870 REPAIR/MAINTENANCE- OUTSIDE 5,000 192 3.8% 4,808 680 PRINTING/BINDING- OUTSIDE - 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,000 1,364 1,113 18.6% 3,523 722 MISCELLANEOUS SUPPLIES 2,000 0.0% 2,000 760 BOOKS PUBLICATIONS MEMBERSHIPS 7,000 270 3.9% 6,730 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 35,000 (35,000) 700 PRIOR YEAR'S APPROPRIATION _ 901 PERSONAL SERVICES - 996 BUDGET RESERVE 628,278 628,278 903 MATERIALS AND SUPPLIES 35,000 1,584 6,823 19.5% 26,593 TOTAL EXPENDITURES 2,313,002 38,144 414,254 17.9% 1,860,804 REVENUE LESS EXPENDITURES (225,222)