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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 2