HomeMy WebLinkAboutCRA-R-08-0042 LegislationCity of Miami
Legislation
CRA Resolution
File Number: 08-00936
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
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, 2008 AND
ENDING SEPTEMBER 30, 2009; 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 Area; and
WHEREAS, as a prerequisite to carrying out Fiscal Year 2009 redevelopment activities, it is
required that the CRA Board of Commissioners approve the CRA's proposed Fiscal Year 2009
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, 2008 and ending September 30, 2009 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.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
GENERAL COUNSEL
City of Miami
Page 1 of 2 Printed On: 8/26/2008
Community Redevelopment Agency
Omni Tax Increment Fund
Fiscal Year 2009
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OMNI SPECIAL REVENUE FUND BUDGET
Revenues
AD VALOREM - CITY OF MIAMI
AD VALOREM - MIAMI 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
AID TO GOVERNMENT AGENCIES
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
FY 2008
Approved
July 30, 2007
Budget
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
1,430,000
27,098,099
FY 2008
Amended
Budget
OMNI Special
Revenue
7,444,383
4,652,351
20,000
18,739,032
1,500
30,857,266
18,500
25,300
422,588
200,000
20,102,995
3,411,873
700,000
634,148
5,341,862
30,857,266
FY 2009
Budget
OMNI Special
Revenue
8,925, 576
5,641,910
25,933,046
40,500,532
20,000
18,300
289,751
208,820
27,761,793
4,844,463
757,405
100,000
6,500,000
40,500,532
J
Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown)
Fiscal Year 2009
SEOPW, OMNI AND MIDTOWN GENERAL OPERATINC
FY 2008
Approved
July 30, 2007 -
Amended
Budget
General
Operating Fund
FY 2008
Approved
Amended
Budget General
Operating Fund
FY 2009
Budget
General
Operating Fund
Revenues
CARRYOVER FUND BALANCE
400,000
620,667
OTHER INTERFUND TRANSFERS
27,354
27,354
34,309
OTHER INTERFUND TRANSFERS
1,400,000
1,400,000
1,514,810
TOTAL REVENUES
1,827,354
2,048,021
1,549,119
Expenditures
REGULAR SALARIES
836,156
836,156
787,420
OTHER SALARIES
52,000
52,000
52,000
FICA TAXES
68,850
68,850
64,216
LIFE AND HEALTH INSURANCE
65,200
65,200
55,200
RETIREMENT CONTRIBUTION
52,237
52,237
50,000
FRINGE BENEFITS
32,400
32,400
OTHER CONTRACTUAL SERVICE
13,730
13,730
13,730
TRAVEL AND PER DIEM
10,000
10,000
8,000
COMMUNICATIONS
8,908
8,908
8,908
UTILITY SERVICE
18,208
18,208
18,532
INSURANCE
23,800
23,800
23,800
OTHER CURRENT CHARGE
10,000
10,000
8,000
SUPPLIES
12,000
12,000
12,000
OPERATING SUPPLIES
8,000
8,000
10,000
SUBSCRIPTION MEMBERSHIP
1,000
1,000
1,000
MACHINERY AND EQUIPMENT
5,000
5,000
5,000
ADVERTISING
40,000
40,000
58,387
RENTAL AND LEASES
200,000
200,000
207,661
POSTAGE
6,500
6,500
6,500
REPAIR/MAINTENANCE - OUTSIDE
2,000
2,000
2,000
INTERFUND TRANSFER
35,000
35,000
35,000
BUDGET RESERVE
326,365
547,032
121,765
TOTAL EXPENDITURES
1,827,354
2,048,021
1,549,119
REVENUE LESS EXPENDITURES
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