HomeMy WebLinkAboutCRA-R-09-0001 BackupSUMMARY OF
AMENDED GENERAL OPERATING BUDGET
FOR FISCAL YEAR 2009
The CRAs Boards of Commissioners adopted a general operating budget for FY 2009 on September 3, 2008,
based on the best information available at the time. This amendment is necessary to correctly reflect an increase
in the carryover fund balance resulting from savings in salary expense as well as the recording of valet parking
revenues generated in FY 2008. The changes are summarized below:
FY 2009 Amendments
Fund:
Heading:
FY 2009
Approved Budget Amount
CRA Board on September 3, 2008:
SEOPW General Operating
FY 2009 Budget Revenues
$1,549,119
Proposed Amendment
Savings in Salary Expense FY 2008 : $219,407
Increase in Valet Parking Revenues FY 2008: $221,684
FY 2009
Amended Budget Amount: $1,990,210
The increase of funding was adjusted as follows;
Increase Carryover Fund Balance from General Operating
•
$ 441,091
$ 441,091
SUMMARY OF
AMENDED SEOPW TAX INCREMENT FUND BUDGET
FOR FISCAL YEAR 2009
The SEOPW CRA Tax Increment Fund Budget was amended to reflect that total TIF revenues received in
January 2009 were $21,114, less than estimated in September 2008. In addition, the carryover fund balance from
FY 2008, was decreased due to the fact that invoices related to the NW 3rd Avenue Streetscape Improvement
Project were paid prior to the closing of FY 2008.
FY 2009 Amendments
Fund:
Heading:
FY 2009
Approved Budget Amount
CRA Board on September 3, 2008:
Proposed Amendment
Decreased Total Revenues:
FY 2009
Amended Budget Amount:
The Increase of funding was adjusted as follows;
Decrease TIF Contribution from City of Miami
Decrease Carryover Fund Balance from SEOPW
•
SEOPW Special Revenue
FY 2009 Budget Revenues
$22,727,528
($1,741,141)
$20,986,387
$ 21,114
$ 1,720,027
$ 1,741,141
SUMMARY OF
AMENDED OMNI TAX INCREMENT FUND BUDGET
FOR FISCAL YEAR 2009
The OMNI CRA Tax Increment Fund Budget was amended to reflect that total TIF revenues received in
January 2009 were $44,582, less than estimated in September 2008. In addition, the carryover fund balance was
increased due to the fact that expenditures contemplated to be drawn down in FY 2008, were not billed prior to
the closing of FY 2008.
FY 2009 Amendments
Fund:
Heading:
Omni Special Revenue
FY 2009 Budget Revenues
FY 2009
Approved Budget Amount
CRA Board on September 3, 2008: $40,500,532
Proposed Amendment
Increased Total Revenues: $ 259,539
FY 2009
Amended Budget Amount: $40,760,071
The increase of funding was adjusted as follows;
Decrease TIF Contribution from City of Miami
Increase Carryover Fund Balance from Omni
•
($ 44,582)
$ 304,121
$ 259,539