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Home My WebLink AboutCRA-R-06-0024 Attachments v2Community Redevelopment Agency Consolidated Budget Fiscal Year 2007 SEOPW CRA FY'07 BUDGET CONSOLIDATED CRA (SEOPW,OMNI AND GENERAL OPERATING) BUDGETS Special Revenue SEOPW FY 2007 Special Revenue OMNI FY 2007 General OPERATING FY 2007 Consolidated FY 2007 Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT - CITY OF MIAMI 2,995,835 6,221,593 9,217,428 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 074 STATE OF FLORIDA REVENUE - 310 CONTR FROM OTHER GOVTS-COUNTY 2,485,388 5,443,893 7,929,281 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING - 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 6,800,000 13,349,480 419,000 20,568,480 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING 2,100,000 2,100,000 905 MAJOR DESC. NOT FOUND 193 CONTRIBUTION FROM GN.FD. - 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 22,561 22,561 356 CONTRIBUTION FROM TRUST AND AG 1,400,000 ** TOTAL REVENUES 14,392,723 25,036,466 1,841,561 39,870,750 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS 48,150 48,150 006 EARNED TIME OFF 117,700 117,700 010 SALARIES - UNCLASSIFIED 413,020 413,020 010 SALARIES - UNCLASSIFIED 449,400 449,400 013 SALARIES TEMPORARY 96,835 96,835 200 FRINGE BENEFITS -FIXED 1 100 SOCIAL SECURITY CONTRIB 19,260 19,260 080 EXPENSE ALLOWANCE 12,840 12,840 083 CAR ALLOWANCE 64,200 64,200 110 RETIREMENT CONTRIB. 53,500 53,500 130 GROUP INSURANCE CONTRIB. 48,150 48,150 1 Community Redevelopment Agency - Consolidated Budget Fiscal Year 2007 CONSOLIDATED CRA (SEOPW,OMNI AND GENERAL OPERATING) BUDGETS Special Revenue SEOPW FY 2007 Special Revenue OMNI FY 2007 General OPERATING FY 2007 Consolidated FY 2007 150 WORKER'S COMPENSATION 160 UNEMPLOYMENT COMPENSATION - 170 SEVERANCE PAY 180 TUITION REIMBURSEMENT 5,350 5,350 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCTG 45,000 25,000 70,000 602 INTEREST EXPENSE - 280 PROFESSIONAL SERVICES - ACCT'G 287 ADVERTISING 64,200 64,200 410 TRAVEL AND PER DIEM - TRAINING 420 TRAVEL AND PER DIEM - OTHER 6,420 6,420 470 ENTERTAINMENT 495 PARKING EXPENSE 533 POSTAGE 6,070 6,070 540 UTILITY SERVICES 30,074 30,074 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT - OUTSIDE 48,150 48,150 620 RENT BUILDINGS 171,615 171,615 635 RENT OTHERS 710 FOOD 14,552 14,552 715 MOTOR FUEL 856 856 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - APPRAI - 250 PROFESSIONAL SERVICES - LEGAL 272,686 48,675 321,361 270 PROFESSIONAL SERVICES - OTHER 722,938 461,237 1,184,175 340 OTHER CONTRACTUAL SERVICES - 0 367,779 14,001 381,780 230 PROFESSIONAL SERVICES - ARCHIT 250 PROFESSIONAL SERVICES - LEGAL 289 SPECIAL SERVICES - MISCELLANEO - 330 TAXES 340 OTHER CONTRACTUAL SERVICES - 0 - 510 COMMUNICATIONS SERV. TELEPH. 0 10,700 10,700 534 DELIVERY SERVICES 1,605 1,605 650 INSURANCE - LIABILITY 16,050 16,050 670 REPAIR/MAINTENANCE - OUTSIDE 2,140 2,140 680 PRINTING/BINDING - OUTSIDE 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,420 6,420 722 MISCELLANEOUS SUPPLIES 1,070 1,070 760 BOOKS PUBLICATIONS MEMBERSHIPS 1,284 1,284 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 860 CONSTRUCTION IN PROGRESS 6,037,665 12,966,108 19,003,773 861 CONSTRUCTION IN PROGRESS - 810 LAND 840 EQUIPMENT - NEW 1,605 1,605 841 OFFICE FURNITURE - NEW - 843 EQUIPMENT LEASE -PURCHASED 2 Community Redevelopment Agency - Consolidated Budget Fiscal Year 2007 CONSOLIDATED CRA (SEOPW,OMNI AND GENERAL OPERATING) BUDGETS Special Revenue SEOPW FY 2007 Special Revenue OMNI FY 2007 Genera OPERATING FY 2007 Consolidated FY 2007 860 CONSTRUCTION IN PROGRESS 880 CAPITAL LEASES 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 2,633,935 5,292,625 7,926,560 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES 903 MATERIALS AND SUPPLIES 10,700 10,700 905 INTERGOVERNMENTAL CHARGES 1,430,000 1,430,000 951 CONTRIITRANSFER TO DEBT SERVIC 410,000 410,000 956 CONTRIBUTION TO SPECIAL REVENU 42,500 40,660 83,160 950 CONTRIBUTION TO GRAL FUND 700,000 700,000 ** 960 CONTRIBUTION TO TRUST & AGENCY 996 BUDGET RESERVE 3,202,720 4,070,321 64,984 7,338,025 997 BUDGET RESERVE - LAND SALE TOTAL EXPENDITURES 14,392,723 25,036,466 1,841,561 39,870,750 REVENUE LESS EXPENDITURES - - - - NOTE: Interfund Transfers were not recognized either as additional revenue or additional expense** 3 Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown) Fiscal Year 2007 SEOPW, OMNI AND MIDTOWN GENERAL OPERATING FY 2005 Approved Budget- General Operating Fund FY 2006 Approved Budget- General Operating Fund FY 2007 Budget - 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 8,000 244 CARRYOVER FUND BALANCE 500,000 419,000 749 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 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 22,581 356 CONTRIBUTION FROM TRUST AND AG 1,653,614 1,196,514 1,400,000 TOTAL REVENUES 2,313,002 1,704,514 1,841,561 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS. PERM. FT 147,000 45,000 48,150 006 EARNED TIME PAYOFF 96,000 110,000 117,700 010 SALARIES - UNCLASSIFIED 386,000 413,020 010 SALARIES - UNCLASSIFIED 407,000 420,000 449,400 013 SALARIES - TEMPORARY 90,500 90,500 96,835 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 18,000 18,000 19,260 083 CAR ALLOWANCE 12,000 12,000 12,840 100 SOCIAL SECURITY CONTRIB 85,000 60,000 64,200 110 RETIREMENT CONTRIB. 52,281 50,000 53,500 130 GROUP INSURANCE CONTRIB. 45,000 45,000 48,150 150 WORKER'S COMPENSATION 160 UNEMPLOYMENT COMPENSATION 6,300 170 SEVERANCE PAY - 180 TUITION REIMBURSEMENT 25,000 5,000 5,350 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G 287 ADVERTISING 30,000 60,000 64,200 410 TRAVEL AND PER DIEM - TRAINING 420 TRAVEL AND PER DIEM - OTHER 40,000 6,000 6,420 4 Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown) Fiscal Year 2007 SEOPW, OMNI AND MIDTOWN GENERAL OPERATING FY 2005 Approved Budget- General Operating Fund FY 2006 Approved Budget- General Operating Fund FY 2007 Budget- General Operating Fund 470 ENTERTAINMENT - 495 PARKING EXPENSE - 533 POSTAGE 1,000 1,000 6,070 540 UTILITY SERVICES 14,000 28,107 30,074 560 UTILITY SERVICES - WATER 610 RENT OF EQUIPMENT - OUTSIDE 45,000 45,000 48,150 620 RENT BUILDINGS 160,388 160,388 171,615 635 RENT OTHERS 710 FOOD 13,600 13,600 14,552 715 MOTOR FUEL 800 800 856 400 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 14,001 510 COMMUNICATIONS SERV. TELEPH. 0 10,770 10,000 10,700 534 DELIVERY SERVICES 2,000 1,500 1,605 650 INSURANCE - LIABILITY 40,000 15,000 16,050 670 REPAIRIMAINTENANCE - OUTSIDE 5,000 2,000 2,140 680 PRINTING/BINDING - OUTSIDE - 690 PROMOTIONAL ACTIVITIES 700 OFFICE SUPPLIES 6,000 6,000 6,420 722 MISCELLANEOUS SUPPLIES 2,000 1,000 1,070 760 BOOKS PUBLICATIONS MEMBERSHIPS 7,000 1,200 1,284 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 840 EQUIPMENT - NEW 1,500 1,605 841 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 40,660 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES 903 MATERIALS AND SUPPLIES 35,000 10,000 10,700 996 BUDGET RESERVE 628,278 48,834 64,984 TOTAL EXPENDITURES 2,313,002 1,704,514 1,841,561 REVENUE LESS EXPENDITURES - - - 5 Community Redevelopment Agency South East Overtown Park West Tax Increment Fund Fiscal Year 2007 SEOPW SPECIAL REVENUE FUND BUDGET FY 2005 Approved Budget- SEOPW Special Revenue FY 2006 Approved Budget- SEOPW Special Revenue FY 2007 Budget- SEOPW Special Revenue Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT - CITY OF MIAMI 1,627,940 2,495,666 2,995,835 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 074 STATE OF FLORIDA REVENUE 310 CONTR FROM OTHER GOVTS-COUNTY 1,196,954 1,714,153 2,485,388 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING 8,000 04 CHARGES FOR SERVICES 438 HOUSING 264 PROPERTY SALE 10,462,460 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON I 094 INTEREST ON INVESTMENT 25,000 10,000 10,000 379 INTEREST INCOME -OTHER 749 GAIN/LOSS INVESTMENTS 1,500 1,500 1,500 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 3,000 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 244 CARRYOVER FUND BALANCE 2,500,000 4,100,000 6,800,000 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING 2,000 2,100,000 TOTAL REVENUES 15,826,854 _ 8,321,319 14,392,723 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 50,000 45,000 602 INTEREST EXPENSE 60,000 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - APPRAI 40,000 25,000 250 PROFESSIONAL SERVICES - LEGAL 150,002 320,000 272,686 270 PROFESSIONAL SERVICES - OTHER 731,675 401,927 722,938 271 PROFESSIONAL SERVICES - OTHER CDBG 340 OTHER CONTRACTUAL SERVICES - 0 69,840 288,548 367,779 6 Community Redevelopment Agency South East Overtown Park West Tax Increment Fund Fiscal Year 2007 SEOPW SPECIAL REVENUE FUND BUDGET FY 2005 Approved Budget - SEOPW Special Revenue FY 2006 Approved Budget - SEOPW Special Revenue FY 2007 Budget - SEOPW Special Revenue 760 BOOKS PUBLICATIONS MEMBERSHIPS 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 860 CONSTRUCTION IN PROGRESS 2,239,000 4,948,693 6,037,665 861 CONTSTRUCTION IN PROGRSS 873,427 862 CONSTRUCTION IN PROGRESS 863 CONSTRUCTION IN PROGRESS 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 303,163 1,104,595 2,633,935 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRI/TRANSFER TO DEBT SERVIC 410,000 410,000 956 CONTRIBUTION TO SPECIAL REVENU 950 CONTRIBUTION TO GRAL FUND 513,195 196,514 700,000 960 CONTRIBUTION TO TRUST & AGENCY 996 BUDGET RESERVE 359,092 576,042 3,202,720 997 BUDGET RESERVE - LAND SALE 10,462,460 TOTAL EXPENDITURES 15,826,854 8,321,319 14,392,723 REVENUE LESS EXPENDITURES - - - Budget Reserve Allocation - Available TIF Funds - Available from Bayview Tower Land Sale - Available from Bayview Tower Land Sale - Receivable to be collected in April 2007 - Available from JEJ Parking Lot (P-5) Mortgage Payoff - Tranfer from Public Works - 9th Street Pedestrian Mall 40,000 $ 3,202,720 $ 515,976 505,000 2,100,000 41,744 7 FY 2007 CAPITAL IMPROVEMENT PLAN - SEOPW Southeast Overtown Park West - TIF funds The proposed SEOPW 2007 Capital Improvement Plan consists of 11 projects with a total value of $6 million funded with SEOPW TIF. The breakdown is as follows: Proposed Budget Project Name Amount in FY 2007 1- Overtown 3rd Avenue Business Corridor Streetscape Project Overtown 3rd Avenue Business Corridor Streetscape Project - Additional Funds 2- Overtown Sidewalk Curb and Gutter Project Overtown Sidewalk Curb and Gutter Project - Additional Funds 3- Ward Rooming House Ward Rooming House - New Item Entitled Interior Build Out - Additional Funds 750,000 1,000,000 850,000 250,000 40,088 200,000 4- Slain Police Officer Bust 6,250 5- FPL - 9th street Pedestrian Mall Extension 344,917 6- Jackson Soul Food 791,588 7- St Johns Projects 112,852 8- Lyric Plaza / 9th Street Mall Phase 4 239,175 9- Lyric Plaza Lyric Plaza - Additional Funds 10- Grand Promenade Decorative Lighting Project 11- Greater Bethel AME Church - Emergency Roof Repairs Contingency 1,000,000 200,000 100,000 100,000 52,795 $ 6,037,665 Appropriated Budgeted prior to FY FY 2007 2007 Resolution # X CRA-R-05-0050 X N/A X CRA-R-05-0051 X N/A X SEOPW 04-33 X N/A X SEOPW 01-107 X SEOPW 01-45 X SEOPW 03-100 X CRA-R-05-0010 X NIA X N/A X N/A X NIA X NIA X N/A Southeast Overtown Park West - Restricted CIP monies The CIP funding assigned to CRA in the amount of $2.7 million are contingent upon further approval from CIP department. The $2.7 million are related to CRA bond proceeds allocated/assigned for the construction of a new CRA office to be located within CRA boundaries. The breakdown is as follows: Project Name Appropriated Proposed Budget Budgeted prior to FY Amount in FY 2007 FY 2007 2007 1- New CRA office 2,709,336 Contingency 109,599 $ 2,818,935 FY 2007 GRANTS - SEOPW Resolution # X X The proposed SEOPW 2007 grant program consists of 15 projects with a total value of $2.6 million funded with SEOPW TIF. The breakdown is as follows: Grant Name 1- Carnival Parade FY 2004 2- Overtown Initiative Crime Reduction Iniatiative 3- Camillus House 4- Poinciana Village Infrastructure Renovation Project 5- Greyhound Bus Terminal Facade Enhancement Project 6- DMP Wraparound Building Re -hap Program 7- Overtown 3rd Avenue Business Corridor Small Business Grant 8- The Schomburg Exhibition - In motion the African '06 The Schomburg Exhibition '07 9- Smoke Detector Program 10- Automatic Electronic Defibrillator 11- TWILO FPL Vault 12- NMA Building Renovation Project 13- Business Grant Program 14- The Black Archives - Historic/Technical Services 15- Public/Private Infrastructure Development Grant Program Contingency Appropriated Proposed Budget Budgeted prior to FY Amount in FY 2007 FY 2007 2007 25,000 40,560 50,000 110,000 90,000 109,375 130,000 4,000 50,000 15,000 50,000 60,000 50,000 500,000 100,000 950,000 300,000 $ 2,633,935 NIA NIA Resolution # X CRA-R-04-1106 X CRA-R-05-0031 X CRA-R-05-0034 X CRA-R-05-0036 X CRA-R-05-0037 X CRA-R-05-0038 X CRA-R-05-0049 X CRA-R-05-0054 N/A N/A N/A N/A N/A N/A NIA NIA N/A 8