HomeMy WebLinkAboutCRA-R-07-0024 LegislationCity of Miami
Legislation
CRA Resolution
City Hail
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00930
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA'),
WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED
GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR
THE FISCAL YEAR COMMENCING OCTOBER 1, 2007 AND ENDING
SEPTEMBER 30, 2008; AND DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI AND
MIAMI-DADE COUNTY.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA')
is responsible for carrying out redevelopment activities within the Southeast Overtown/Park West
Redevelopment Area; and
WHEREAS, as a prerequisite to carrying out Fiscal Year 2008 redevelopment activities, it is
required that the CRA Board of Commissioners approve the CRA's proposed Fiscal Year 2008
General Operating Budget and Tax Increment Fund Budget; and
WHEREAS, pursuant to Interloca! Agreements, a copy of each budget is to be transmitted to
the City of Miami and Miami -Dade County;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The attached CRA General Operating Budget and Tax Increment Fund Budget for
the Fiscal Year commencing October 1, 2007 and ending September 30, 2008 are approved and
adopted.
Section 3. The Executive Director is directed to transmit a copy of each budget to the City of
Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APP AS TO FORM AND oRRECTNESS:
ERNANDEZ
GEN COUNSEL
Cite of Miami
Page l of 2
Printed On: 7/20/2007
File Number: 07-00930
•
City of Miami Page 2 of 2 Printed On: 7/20/2007
Community Redevelopment Agency
South East Overtown Park West Tax Increment Fund
Fiscal Year 2008
•
SEOPW SPECIAL REVENUE FUND BUDGET
Revenues
ADVALOREM TAXES - CITY OF MIAMI
ADVALOREM TAXES - MIAMI DADE COUNTY
MISC - INTEREST
MISC - NET INCREASE IN FAIR VALUE
CARRYOVER FUND BALANCE
OTHER NON -OPERATING
TOTAL REVENUES
Expenditures
ACCOUNTING AND AUDIT
PROFESSIONAL SERVICES - APPRAI
PROFESSIONAL SERVICES - LEGAL
PROFESSIONAL SERVICES - OTHER
OTHER CONTRACTUAL SERVICES
CONSTRUCTION IN PROGRESS
OTHER GRANTS AND AIDS
INTERFUND TRANSFER
INTERFUND TRANSFER
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
FY 2006
Approved
Budget -
SEOPW
Special
Revenue
2,495,666
1,714,153
10,000
1,500
4,100, 000
8,321,319
50,000
25,000
320,000
401,927
288,548
4,948,693
1,104,595
410,000
196,514
576,042
8,321, 319
FY 2007
Approved
Amended
Budget -
SEOPW
Special
Revenue
2,995,946
2,410,430
10,000
1,500
6,573,475
2,100,000
14,091,351
45,000
-
247,664
705,721
319,646
5,865,665
2,594,935
410,000
700,000
3,202, 720
14,091,351
FY 2008
Budget-
SEOPW
Special
Revenue
3,407,794
2,228,086
10,000
1,500
10,541,547
16,188,927
46,000
230,045
535,860
375,106
10,341,916
3,085,000
760,000
700,000
115,000
16,188,927
7/24/200710:12 AM 1
Community Redevelopment Agency - General Operating ISEOPW, OMNI and Midtown)
Fiscal Year 2008
SEOPW, OMNI AND MIDTOWN GENERAL OPERATING
Revenues
CARRYOVER FUND BALANCE
OTHER INTERFUND TRANSFERS
OTHER INTERFUND TRANSFERS
TOTAL REVENUES
Expenditures
REGULAR SALARIES
OTHER SALARIES
FICA TAXES
LIFE AND HEALTH INSURANCE
RETIREMENT CONTRIBUTION
FRINGE BENEFITS
OTHER CONTRACTUAL SERVICE
TRAVEL AND PER DIEM
COMMUNICATIONS
UTILITY SERVICE
INSURANCE
OTHER CURRENT CHARGE
SUPPLIES
OPERATING SUPPLIES
SUBSCRIPTION MEMBERSHIP
MACHINERY AND EQUIPMENT
ADVERTISING
RENTAL AND LEASES
POSTAGE
REPAIR/MAINTENANCE - OUTSIDE
INTERFUND TRANSFER
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
FY 2006
Approved
Budget -
General
Operating
Fund
508,000
1,196,514
1,704, 514
961,000
90,500
60,000
45,000
50,000
35,000
13,085
6,000
10,000
28,107
15,000
15,900
7,000
10,000
1,200
1,500
60,000
205,388
1,000
2,000
38,000
48,834
1,704,514
FY 2007
Approved
Amended
Budget -
General
Operating Fund
419,000
22,561
1,400,000
1,841,561
1,028,270
96,835
64,200
48,150
5,500
37,450
14,001
6,420
10,700
30,074
16,050
17,013
7,490
10,700
1,284
1,605
64,200
219,765
6,070
2,140
40,660
64,984
1,841,561
FY 2008
Budget -
General
Operating Fund
400,000
27,354
1,400,000
1,827,354
836,156
52,000
68,850
65,200
52,237
32,400
13,730
10,000
8,908
18,208
23,800
10,000
12,000
8,000
1,000
5,000
40,000
200,000
6,500
2,000
35,000
326,365
1,827,354
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