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Home My WebLink AboutCRA-R-05-0041 Back-up• FY 2006 Amendments Amendment I: Fund: Heading: SEOPW & OMNI CRAs SEOPW and OMNI General Operating Fund FY 2006 General Operating Budget Revenues FY 2006 Approved Budget Amount Line Item by CRA Board on June 23, 2005: $1,887,388 Proposed Amendment Removing General Fund Contribution: (659,388) Increase Carryover Fund Balance from General Operating 350,000 Increase Contribution from Omni TIF Account to General Operating 100,000 Increase Contribution from SEOPW TIF Account to General Operating 26,514 FY 2006 Amended Budget Amount Line Item: $1,704,514 • This amendment is necessary to reflect the elimination of the annual General Fund contribution from the City of Miami as required in the Inter -Local Agreement between the City of Miami and both the Omni Redevelopment District CRA and the Southeast Overtown/ Parkwest CRA. This amendment would not affect the rest of the budget expenditure line items except for reducing the Budget Reserve Expenditure Line Item. • • • • OMNI CRA FY 2006 Amendments Amendment II; Fund: Heading: FY 2006 Approved Budget Amount Line Item by CRA Board on June 23, 2005: Proposed Amendment Increase Total Revenues: FY 2006 Amended Budget Amount Line Item: Omni Special Revenue FY 2006 Budget Revenues $13,207,964 2,875,425 $16,083,389 This amendment is necessary to reflect correctly the total funds to be used in FY 2006. The increase of funding was adjusted as follows; Increase TIF Contribution from City of Miami 1,605,704 Increase TIF Contribution from Miami Dade County 1,237,931 Increase Carryover Fund Balance from Omni 51,790 Decrease Interest Income from Omni (20,000) 2,875,425 This amendment would reflect correctly the funds to be used in FY 2006. Additionally, this proposal would correct the budget request for some expenditure line items. • • Community Redevelopment Agency Amended Consolidated Budget Fiscal Year 2006 OMNI CRA FY '06 AMENDED BUDGET CONSOLIDATED CRA (SEOPW AND OMNI) BUDGETS Special Revenue SEOPW Amended FY 2006 Special Revenue OMNI Amended FY 2006 General OPERATING Amended FY 2006 Consolidated Amended FY 2006 Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT - CITY OF MIAMI 2,495,666 5,372,708 7,868,374 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 074 STATE OF FLORIDA REVENUE - 310 CONTR FROM OTHER GOVTS-COUNTY 1,714,153 3,689,181 5,403,334 383 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 10,000 20,000 30,000 379 INTEREST INCOME -OTHER - 749 GAIN/LOSS INVESTMENTS 1,500 1,500 3,000 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES - 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 244 CARRYOVER FUND BALANCE 4,100,000 7,000,000 500,000 11,600,000 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING 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 1,196,514 ** TOTAL REVENUES 8,321,319 16,083,389 1,704,514 24,912,708 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS 45,000 45,000 006 EARNED TIME OFF 110,000 110,000 010 SALARIES - UNCLASSIFIED 386,000 386,000 010 SALARIES - UNCLASSIFIED 420,000 420,000 013 SALARIES TEMPORARY 90,500 90,500 200 FRINGE BENEFITS -FIXED 100 SOCIAL SECURITY CONTRIB 60,000 60,000 080 EXPENSE ALLOWANCE 18,000 18,000 083 CAR ALLOWANCE 12,000 12,000 110 RETIREMENT CONTRIB. 50,000 50,000 130 GROUP INSURANCE CONTRIB. 45,000 45,000 1 • Community Redevelopment Agency Amended Consolidated Budget Fiscal Year 2006 CONSOLIDATED CRA (SEOPW AND OMNI) BUDGETS Special Revenue SEOPW Amended FY 2006 Special Revenue OMNI Amended FY 2006 General OPERATING Amended FY 2006 Consolidated Amended FY 2006 150 WORKERS COMPENSATION 160 UNEMPLOYMENT COMPENSATION ` 170 SEVERANCE PAY 180 TUITION REIMBURSEMENT 5,000 5,000 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCTG 50,000 25,000 75,000 602 INTEREST EXPENSE - 280 PROFESSIONAL SERVICES - ACCT'G 287 ADVERTISING 60,000 60,000 410 TRAVEL AND PER DIEM - TRAINING 420 TRAVEL AND PER DIEM - OTHER 6,000 6,000 470 ENTERTAINMENT 495 PARKING EXPENSE 533 POSTAGE 1,000 1,000 540 UTILITY SERVICES 28,107 28,107 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT - OUTSIDE 45,000 45,000 620 RENT BUILDINGS 160,388 160,388 635 RENT OTHERS 710 FOOD 13,600 13,600 715 MOTOR FUEL 800 800 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - APPRAI 25,000 25,000 250 PROFESSIONAL SERVICES - LEGAL 320,000 148,675 468,675 270 PROFESSIONAL SERVICES - OTHER 401,927 705,017 1,106,944 340 OTHER CONTRACTUAL SERVICES - 0 288,548 13,085 301,633 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 289 SPECIAL SERVICES - MISCELLANEO - 330 TAXES 340 OTHER CONTRACTUAL SERVICES - 0 - 510 COMMUNICATIONS SERV. TELEPH. 0 10,000 10,000 534 DELIVERY SERVICES 1,500 1,500 650 INSURANCE - LIABILITY 15,000 15,000 670 REPAIR/MAINTENANCE - OUTSIDE 2,000 2,000 680 PRINTING/BINDING - OUTSIDE 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,000 6,000 722 MISCELLANEOUS SUPPLIES 1,000 1,000 760 BOOKS PUBLICATIONS MEMBERSHIPS 1,200 1,200 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 860 CONSTRUCTION IN PROGRESS 4,948,693 9,319,000 14,267,693 861 CONSTRUCTION IN PROGRESS - 810 LAND 840 EQUIPMENT - NEW 1,500 1,500 841 OFFICE FURNITURE - NEW - 843 EQUIPMENT LEASE -PURCHASED 2 • Community Redevelopment Agency Amended Consolidated Budget Fiscal Year 2006 CONSOLIDATED CRA (SEOPW AND OMNI) BUDGETS Special Revenue SEOPW Amended FY 2006 Special Revenue OMNI Amended FY 2006 General OPERATING Amended FY 2006 Consolidated Amended FY 2006 860 CONSTRUCTION IN PROGRESS 880 CAPITAL LEASES 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 1,104,595 617,283 1,721,878 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES 903 MATERIALS AND SUPPLIES 10,000 10,000 905 INTERGOVERNMENTAL CHARGES 1,430,000 1,430,000 951 CONTRIITRANSFER TO DEBT SERVIC 410,000 410,000 956 CONTRIBUTION TO SPECIAL REVENU 42,500 38,000 80,500 950 CONTRIBUTION TO GRAL FUND 196,514 1,000,000 ** 960 CONTRIBUTION TO TRUST & AGENCY 996 BUDGET RESERVE 576,042 2,795,914 48,834 3,420,790 997 BUDGET RESERVE - LAND SALE - TOTAL EXPENDITURES 8,321,319 16,083,389 1,704,514 24,912,708 REVENUE LESS EXPENDITURES - - - - NOTE: Interfund Transfers were not recognized either as additional revenue or additional expense** 3 Community Redevelopment Agency - General Operating (SEOPW and OMNI) Fiscal Year 2006 • • • SEOPW AND OMNI GENERAL OPERATING FY 2005 Approved Budget- SEOPW and OMNI General Operating Fund FY 2006 Approved in June 2005 Budget- SEOPW and OMNI General Operating Fund FY 2006 Budget- SEOPW and OMNI General Operating Fund Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON I 094 INTEREST ON INVESTMENT 139 REIMB. PR. YR. EXPEND. 235 OFF STREET PARKING 8,000 8,000 244 CARRYOVER FUND BALANCE 150,000 504,000 749 GAIN/LOSS INVESTMENTS 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 736 CONTR. FRM. OFFSTR. PARKING 905 MAJOR DESC. NOT FOUND 193 CONTRIBUTION FROM GN.FD. 659,388 659,388 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 356 CONTRIBUTION FROM TRUST AND AC 1,653,614 1,070,000 1,196,514 TOTAL REVENUES 2,313,002 1,887,388 1,704,514 • Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS. PERM. FT 147,000 45,000 45,000 006 EARNED TIME PAYOFF 96,000 110,000 110,000 010 SALARIES - UNCLASSIFIED 386,000 386,000 010 SALARIES - UNCLASSIFIED 407,000 420,000 420,000 013 SALARIES - TEMPORARY 90,500 90,500 90,500 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 18,000 18,000 18,000 083 CAR ALLOWANCE 12,000 12,000 12,000 100 SOCIAL SECURITY CONTRIB 85,000 60,000 60,000 110 RETIREMENT CONTRIB. 52,281 50,000 50,000 130 GROUP INSURANCE CONTRIB. 45,000 45,000 45,000 150 WORKER'S COMPENSATION 160 UNEMPLOYMENT COMPENSATION 6,300 170 SEVERANCE PAY - 180 TUITION REIMBURSEMENT 25,000 5,000 5,000 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G 287 ADVERTISING 30,000 60,000 60,000 410 TRAVEL AND PER DIEM -TRAINING 420 TRAVEL AND PER DIEM - OTHER 40,000 6,000 6,000 Community Redevelopment Agency - General Operating {SEOPW and OMNI) Fiscal Year 2006 • • SEOPW AND OMNI GENERAL OPERATING FY 2005 Approved Budget - SEOPW and OMNI General Operating Fund FY 2006 Approved in June 2005 Budget - SEOPW and OMNI General Operating Fund FY 2006 Budget - SEOPW and OMNI General Operating Fund 470 ENTERTAINMENT - 495 PARKING EXPENSE - 533 POSTAGE 1,000 1,000 1,000 540 UTILITY SERVICES 14,000 28,107 28,107 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT - OUTSIDE 45,000 45,000 45,000 620 RENT BUILDINGS 160,388 160,388 160,388 635 RENT OTHERS 710 FOOD 13,600 13,600 13,600 715 MOTOR FUEL 800 800 800 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 270 PROFESSIONAL SERVICES - OTHER 231,000 289 SPECIAL SERVICES - MISCELLANEO 38,000 330 TAXES 340 OTHER CONTRACTUAL SERVICES - 0 13,085 13,085 13,085 510 COMMUNICATIONS SERV. TELEPH, O 10,770 10,000 10,000 534 DELIVERY SERVICES 2,000 1,500 1,500 650 INSURANCE - LIABILITY 40,000 15,000 15,000 670 REPAIRIMA1NTENANCE - OUTSIDE 5,000 2,000 2,000 680 PRINTING/BINDING - OUTSIDE - 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,000 6,000 6,000 722 MISCELLANEOUS SUPPLIES 2,000 1,000 1,000 760 BOOKS PUBLICATIONS MEMBERSHIP 7,000 1,200 1,200 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 840 EQUIPMENT - NEW 1,500 1,500 841 OFFICE FURNITURE - NEW 6,000 843 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 38,000 38,000 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES 903 MATERIALS AND SUPPLIES 35,000 10,000 10,000 996 BUDGET RESERVE 628,278 231,708 48,834 TOTAL EXPENDITURES 2,313,002 1,887,388 1,704,514 REVENUE LESS EXPENDITURES - - - "" Amended Budget Amounts Community Redevelopment Agency Omni Tax Increment Fund Fiscal Year 2006 • • OMNI SPECIAL REVENUE FUND BUDGET FY 2005 Approved Budget - OMNI Special Revenue FY 2006 Approved in June 2005 Budget - OMNI Special Revenue FY 2006 Budget - OMNI Special Revenue Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT - CITY OF MIAMI 3,920,483 3,767,004 5,372,708 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 2,294,328 2,451,250 3,689,181 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 40,000 20,000 244 CARRYOVER FUND BALANCE 2,932,945 6,948,210 7,000,000 749 GAIN/LOSS INVESTMENTS 1,500 1,500 1,500 TOTAL REVENUES 9,189,256 13,207,964 16,083,389 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 25,000 25,000 287 ADVERTISING 470 ENTERTAINMENT 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 60,000 125,000 148,675 270 PROFESSIONAL SERVICES - OTHER 531,200 737,826 705,017 340 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 9,319,000 9,319,000 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 584,504 424,150 617,283 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 950 CONTRIBUTION TO GENERAL FUND 900,000 1,000,000 956 CONTRIBUTION TO SPECIAL 72,500 42,500 952 CONTRIBUTION TO CAP PROJECTS 1,140,419 Community Redevelopment Agency Omni Tax Increment Fund Fisca OMNI SPECIAL REVENUE FUND BUDGET FY 2005 Approved Budget - OMNI Special Revenue FY 2006 Approved in June 2005 Budget - OMNI Special Revenue FY 2006 Budget - OMNI Special Revenue 960 CONTRIBUTION TO TRUST & AGENCY 996 BUDGET RESERVE 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 1,118,133 1,430,000 174,488 1,430,000 2,795,914 1,430,000 TOTAL EXPENDITURES REVENUE LESS EXPENDITURES 9,189,256 13,207,964 16,083,389 - - - " Amended Budget Amounts • • Y 2006 CAPITAL IMPROVEMENT PLAN - OMNI MNI - TIF Funds The proposed OMNI 2006 Capital Improvement Plan recommends 6 major projects with a total value of $9.3 million funded with OMNI TIF. The breakdown is as follows: Project Name Water Pipeline Upgrades Streetscape Improvements Performing Art Center - CIP Department Entertainment District 1 PAC Streetscape Project 14 th Street Corridor Streetscape Project OMNI Hotel Study Traffic Study Baywalk Improvements along Magaret Pace Park & Women's Club Contingency FY 2006 GRANTS - OMNI Proposed Amended Budget Budgeted Appropriated Amount in FY 2006 3,500,000 500,000 2,000,000 1,500,000 19,000 1,000,000 800,000 9,319,000 FY 2006 FY 2005 The proposed OMNI 2006 grant program consists of 14 projects with a total value of $ 617,283 funded with OMNI TIF. The breakdown is as follows: Grant Name Smoke Detector Program Automatic Electronic Defibrillator Grant to Dade Heritage Trust for City Cemetery Parc Lofts Water and Sewer Upgrades Filing Station Lofts Pole Removal DMP Wraparound Building Re -hap Program Woman's Club 2005 Art Basel Event - OMNI Art III 0 ighting House - Art Basel 2005 - PAC Foundation ontingency • Proposed Amended Budget Budgeted Appropriated Amount in FY 2006 15,000 50,000 9,033 100,000 12,000 156,250 100,000 50,000 75,000 50,000 617,283 FY 2006 FY 2005 8