HomeMy WebLinkAboutCRA-R-10-0081 Legislation 09-27-2010City of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.corn
File Number: 10-01149 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENTS, APPROVING AND ADOPTING THE CRA'S AMENDED TAX
INCREMENT FUND AND GENERAL OPERATING BUDGETS FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010;
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMITA COPY OF THE
AMENDED BUDGETS TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Board of Commissioners, pursuant to Resolution No. CRA-R-09-0041, passed
and adopted on August 6, 2009, approved and adopted the CRA's Fiscal Year 2010 General Operating
and Tax Increment Fund Budgets; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-10-0014, passed and
adopted on March 15, 2010, approved and adopted an amended version of the Fiscal Year 2010
budget to account for actual tax increment funds received in January 2010; and
WHEREAS, certain reimbursements, not originally included in the Fiscal Year 2010 budget,
have been requested by the City of Miami for advances made to the CRA to assist with the CRA's
general operating expenses during the period beginning October 1999 and ending September 2005;
and
WHEREAS, it is necessary to amend the Fiscal Year 2010 budget to reflect these
reimbursements to the City of Miami; and
WHEREAS, the Board of Commissioners wishes to approve and adopt the CRA's Amended
Tax Increment Fund and General Operating Fund Budgets for the Fiscal Year commencing October 1,
2009 and ending September 30, 2010;
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 Amended Tax Increment Fund and General Operating Budgets
for the Fiscal Year commencing October 1, 2009 and ending September 30, 2010 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.
City of Miami
Page 1 of 2 File Id: 10-01149 (Version: 1) Printed On: 9/23/2070
File Number. 10-01149
Section 4. This resolution shall become effective immediately upon its adoption.
410 APPROVED AS TO FORM AND CORRECTNESS:
•
•
JULIE O. BRU
GENERAL COUNSEL
City of Mia►ni Page 2 of 2 File Id: 10-01149 (Version: 1) Printed On: 9/23/2010
Community Redevelopment Agency -
General Operating
(SEOPW, OMNI and Midtown)
Fiscal Year 2010
S. PW, O illf l � flIDT AIa E GENERAL h 6
g,,.e T'"w/.��L it'"..^ .,'x^ i-7 .Sr Z i W C^"' g
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Y yr '�
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Pr et1
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Revenues
CARRYOVER FUND BALANCE
400,000
445,078
OTHER INTERFUND TRANSFERS
.y 4, 1
OTHER INTERFUND TRANSFERS
34,213
35,484
OTHER INTERFUND TRANSFERS
1,367,002
1,538,784
' Aly i & 4�
TOTAL REVENUES
$1,801,215
$2,019,346
1
Expenditures
REGULAR SALARIES
884,210
894,510
4,
OTHER SALARIES
53,560
53,560
61-it
FICA TAXES
66,422
68,430
# .
LIFE AND HEALTH INSURANCE
48,000
101,200
- g
RETIREMENT CONTRIBUTION
50,000
75,000
5,o
FRINGE BENEFITS
7,200
8,400
OTHER CONTRACTUAL SERVICE
13,730
13,730
7 04
TRAVEL AND PER DIEM
8,000
8,000
w
COMMUNICATIONS
8,908
8,908Q
UTILITY SERVICE
18,208
27,808
O
INSURANCE
23,800
23,800
OTHER CURRENT CHARGE
10,000
10,000
SUPPLIES
12,000
12,000
OPERATING SUPPLIES
8,000
8,000
8 t 00
SUBSCRIPTION MEMBERSHIP
1,000
1,000
1,000
MACHINERY AND EQUIPMENT
5,000
27,000
27 000
ADVERTISING
58,387
58,387
RENTAL AND LEASES
207,661
207,661
207
POSTAGE
20,000
20,000
2460
REPAIR/MAINTENANCE - OUTSIDE
1,981
1,981
INTERFUND TRANSFER (City of Miami)
4 4 .003
INTERFUND TRANSFER
50,000
50,000
000.
BUDGET RESERVE
245,148
339,971
339�0.7
TOTAL EXPENDITURES
$1,801,215
$2,019,346
00,428g34
REVENUE LESS EXPENDITURES
-
•
Community Redevelopment Agency
South East Overtown Park West Tax Increment Fund
Fiscal Year 2010
•
�''" [, ENIJE FI:11 D BUDG E:�T
.
pprarred
Budg C -
SEOP
d
Revenue
�
�Revnue
IFY ZIP
A ppr
de
W '3
S e ial
: �
6,270,714
3,955,532
16,483,835
611,846
FY d'i
- op�0s
me d
tr
al
r e
i���`e
° g 1
32
3
:� 'I . 6
Revenues
ADVALOREM TAXES - CITY OF MIAMI
ADVALOREM TAXES - MIAMI DADE COUNTY
CARRYOVER FUND BALANCE
OTHER NON -OPERATING
4,309,075
2,705,822
17,513,840
TOTAL REVENUES
$24,628,737
$27,321,927
f 7
ra:
Expenditures
ACCOUNTING AND AUDIT
35,000
25,000
PROFESSIONAL SERVICES - LEGAL
296,069
265,574
74
PROFESSIONAL SERVICES - OTHER
1,324,050
1,152,608
OTHER CONTRACTUAL SERVICES
234,907
430,114
11 4
CONSTRUCTION IN PROGRESS
16,883,837
20,419,199
OTHER GRANTS AND AIDS
4,669,934
3,505,609
,609
1NTERFUND TRANSFER (Debt Service)
50,000
350,000
F
INTERFUND TRANSFER (Administration)
683,501
822,384
INTERFUND TRANSFER (CRA General Fund)
d
OTHER CURRENT CHARGES AND OBLIG
251,439
251,439
1,9
BUDGET RESERVE
100,000
100,000
-.. _.�
TOTAL EXPENDITURES
$24,528,737
$27,321,927
$27 321;92
REVENUE LESS EXPENDITURES
-
-
_ -
2