HomeMy WebLinkAboutCRA-R-07-0025 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00966 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT 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 Omni Redevelopment District Community Redevelopment Agency ("CRA") is
responsible for carrying out redevelopment activities within the Omni Redevelopment District
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 Interlocal 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
OMNI REDEVELOPMENT DISTRICT 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' f► E 4 TO FORM AND CORRECTNESS:
L. ERNANDEZ
GENERAL COUNSEL
pm�
City of Mia►ni
Page 1 of 2 Printed On: 7/20/2007
Community Redevelopment Agency
Omni Tax Increment Fund
Fiscal Year 2008
OMNI SPECIAL REVENUE FUND BUDGET
Revenues
AD VALOREM - CITY OF MIAMI
AD VALOREM - MIAM1 DADE COUNTY
MISC -INTEREST
CARRYOVER FUND BALANCE
MISC -NET INCREASE IN FAIR VALUE
TOTAL REVENUES
Expenditures
ACCOUNTING AND AUDIT
PROFESSIONAL SERVICES - LEGAL
PROFESSIONAL SERVICES - OTHER
OTHER CONTRACTUAL SERVICES
CONSTRUCTION IN PROGRESS
OTHER GRANTS AND AIDS
INTERFUND TRANSFER
INTERFUND TRANSFER
BUDGET RESERVE
AIDS TO GOVERNMENT AGENCIES
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
FY 2006
Approved
OMNI Special
Revenue
5,372,708
3,689,181
20,000
7,000,000
1,500
16,083,389
25,000
148,675
705,017
9,319,000
617,283
1,000,000
42,500
2,795,914
1,430,000
16,083,389
FY 2007
Approved
Amended
OMNI Special
Revenue
6,221,593
5,288,712
20,000
9,943,481
1,500
21,475,286
25,000
48,675
417,155
9463,778
5,268,126
700,000
42,500
4,080,052
1,430,000
21,475,286
FY 2008
OMNI Special
Revenue
7,049,571
4,652,245
20,000
15,374,783
1,500
27,098,099
23,500
43,600
450,606
200,000
19,145,557
4,999,922
700,000
12,500
92,414
1,430,00❑
27,098,099
7/24/200710:50 AM 1
Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown)
Fiscal Year 2008
FY 2006 FY 2007 FY 2008
Approved Approved
Budget - Amended Budget -
General Budget - General
SEOPIN, OMNI AND MIDTOWN GENERAL OPERATING Operating General Operating Fund
Fund Operating Fund
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
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
419,000
22,561
1,400,000
1,841,561
1,028,270
96,835
64,200
48,150
53,500
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
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