HomeMy WebLinkAboutCRA-R-05-0042 Back-up•
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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.
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SEOPW 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:
SEOPW Special Revenue
FY 2006 Budget Revenues
$7,956,271
365,048
$8,321,319
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 204,853
Increase TIF Contribution from Miami Dade County 157,598
Increease Carryover Fund Balance from SEOPW 20,197
Decrease Other Non — Operating from SEOPW (2,600)
Decrease Interest Income from SEOPW f15,000)
365,048
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.