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Home My WebLink AboutCRA-R-09-0001 Legislation• City of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 09-00033 Final action Date: A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWNIPARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCIES ("CRAS"), WITH ATTACHMENTS, APPROVING AND ADOPTING THE CRAS' AMENDED TAX INCREMENT FUND AND GENERAL OPERATING BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2008 AND ENDING SEPTEMBER 30, 2009; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE AMENDED BUDGETS TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West, and Omni Redevelopment District Community Redevelopment Agencies ("CRAs"), pursuant to Resolution Nos. CRA-R-08-0041 and CRA-R-08-0042 adopted on September 3, 2008, approved and adopted the CRAs' FY '08 General Operating and Tax Increment Fund Budgets; and WHEREAS, it has become necessary to amend the budgets to reflect the amount of tax increment funds actually received in January 2009 and the actual timing of expenditures; and WHEREAS, the Boards of Commissioners wish to approve and adopt the CRAs' Amended Tax Increment Fund and General Operating Fund Budgets for the Fiscal Year commencing October 1, 2008 and ending September 30, 2009. NOW, THEREFORE, BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCIES 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 as if fully set forth in this Section. Section 2. The attached CRAs' Amended Tax increment Fund and General Operating Budgets 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. City of Mionli Prue 1 of 2 Printed On: 1/20/2009 File Number: 09-00033 APPROVED AS TO FORM AND CORRECTNESS: WILLIAM R. BLOOM SPECIAL COUNSEL City of alumni Page 2 of 2 Printed On: 1/20/2009 Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown) Fiscal Year 2009 SEOPW, OMNI, MIDTOWN AND GENERAL OPERATING FY 2008 Approved Amended Budget General Operating Fund FY 2009 Approved Budget General Operating Fund FY 2009 Proposed Amended Budget - General Operating Fund Revenues CARRYOVER FUND BALANCE OTHER INTERFUND TRANSFERS OTHER INTERFUND TRANSFERS 620,667 27,354 1,400,000 34,309 1,514,810 443201 34,309 1,512,700 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 2,048,021 836,156 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 35,000 547,032 1,549,119 787,420 52,000 64,216 55,200 50,000 13,730 8,000 8,908 18,532 23,800 8,000 12,000 10,000 1,000 5,000 58,387 207,661 6,500 2,000 35,000 121,765 1,990,210 884,210 53,560 66,422 48,000 50,000 7,200 13,730 8,000 8,908 18,208 23,800 10,000 12,000 8,000 1,000 5,000 58,387 207,661 20,000 1,981 50,000 434,143 TOTAL EXPENDITURES REVENUE LESS EXPENDITURES 2,048,021 1,549,119 1,990,210 Community Redevelopment Agency South East Overtown Park West Tax Increment Fund Fiscal Year 2009 SEOPW SPECIAL REVENUE FUND BUDGET FY 2008 Approved Amended Budget - SEOPW Special Revenue FY 2009 Approved Budget - SEOPW Special Revenue FY 2009 Proposed Amended Budget - SEOPW Special Revenue Revenues ADVALOREM TAXES - CITY OF MIAMI 3,568,307 4,309,075 4,309,075 ADVALOREM TAXES - MIAMI DADE COUNTY 2,228,137 2,726,936 2,705,822 MISC - INTEREST 10,000 MISC - NET INCREASE IN FAIR VALUE 1,500 INTERFUND TRANSFER (Debt Service) 1,400,000 1,400,000 CARRYOVER FUND BALANCE 11,804,141 14,291,517 12,571,490 OTHER NON -OPERATING 530,408 TOTAL REVENUES 18,142,493 22,727,528 20,986,387 Expenditures ACCOUNTING AND AUDIT 40,000 40,000 33,000 PROFESSIONAL SERVICES - APPRAI - - PROFESSIONAL SERVICES - LEGAL 145,298 200,000 200,000 PROFESSIONAL SERVICES - OTHER 485,203 880,300 1,506,800 OTHER CONTRACTUAL SERVICES 547,912 520,173 110,429 CONSTRUCTION IN PROGRESS 12,180,867 15,376,385 12,466,176 OTHER GRANTS AND AIDS 3,518,213 4,793,265 5,186,580 INTERFUND TRANSFER (Debt Service) 410,000 60,000 411,239 INTERFUND TRANSFER (Administration) 700,000 757,405 756,350 OTHER CURRENT CHARGES AND OBLIG 215,813 BUDGET RESERVE 115,000 100,000 100,000 TOTAL EXPENDITURES 18,142,493 22,727,528 20,986,387 REVENUE LESS EXPENDITURES - - - • Community Redevelopment Agency Omni Tax Increment Fund Fiscal Year 2009 OMNI SPECIAL REVENUE FUND BUDGET FY 2008 Approved Amended Budget OMNI Special Revenue FY 2009 Approved Budget OMNI Special Revenue FY 2009 Proposed Amended Budget OMNI Special Revenue Revenues AD VALOREM - CITY OF MIAMI 7,444,383 8,925,576 8,925,576 AD VALOREM - MIAMI DADE COUNTY 4,652,351 5,641,910 5,597,328 MISC -INTEREST 20,000 CARRYOVER FUND BALANCE 18,739,032 25,933,046 26,237,167 MISC -NET INCREASE IN FAIR VALUE 1,500 TOTAL REVENUES 30,857,266 40,500,532 40,760,071 Expenditures ACCOUNTING AND AUDIT 18,500 20,000 11,000 PROFESSIONAL SERVICES - LEGAL 25,300 18,300 84,194 PROFESSIONAL SERVICES - OTHER 422,588 289,751 313,593 OTHER CONTRACTUAL SERVICES 200,000 208,820 211,822 CONSTRUCTION IN PROGRESS 20,102,995 27,761,793 24,867,489 OTHER GRANTS AND AIDS 3,411,873 4,844,463 7,469,283 INTERFUND TRANSFER 700,000 757,405 756,359 INTERFUND TRANSFER OTHER CURRENT CHARGES AND OBLIG 5,341,862 6,500,000 6,946,331 BUDGET RESERVE 634,148 100,000 100,000 TOTAL EXPENDITURES 30,857,266 40,500,532 40,760,071 REVENUE LESS EXPENDITURES - - - •