HomeMy WebLinkAboutCRA-R-12-0060 Signed Legislation with AttachmentCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00801
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, 2012 AND
ENDING SEPTEMBER 30, 2013; DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMITA 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 community redevelopment activities and projects within its Redevelopment
Area; and
WHEREAS, as a prerequisite to carrying out Fiscal Year 2013 redevelopment activities, the
Board of Commissioners must approve the CRA's proposed General Operating Budget and Tax
Increment Fund Budget for the Fiscal Year commencing October 1, 2012 and ending September 30,
2013; 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, 2012 and ending September 30, 2013 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 ACID CORRECTNESS:
LitanitSigati10)
JULIE O. i
ENERAL COUNSEL
City of Miami Page 1 of 1
File Id: 12-00801 (Version: 1) Printed On: 7/17/2012
OMNI SPECIAL REVENUE FUND BUDGET
FY 2013
Budget
OMNI
Special
Revenue
Revenues
CITY OF MIAMI - TAX INCREMENT REVENUE (ESTIMATE)
$5,950,000
MIAMI DADE COUNTY - TAX INCREMENT REVENUE (ESTIMATE)
$3,650,900
FY 2012 FUND BALANCE (UNAUDITED)
$20,094,453
TOTAL REVENUES
$29,695,353
Expenditures
PROFESSIONAL SERVICES - LEGAL
$70,787
ACCOUNTING AND AUDIT
$15,000
PROFESSIONAL SERVICES - OTHER
$140,645
OTHER CONTRACTUAL SERVICES
$44,846
INTERFUND TRANSFER (Administration)
$610,509
OTHER CURRENT CHARGES AND OBLIG
$3,360,315
INTERFUND TRANSFER (Debt Service)
$6,000,000
INTERFUND TRANSFER (Grant)
$354,559
CONSTRUCTION IN PROGRESS
$16,389,440
OTHER GRANTS AND AIDS
$2,609,252
BUDGET RESERVE
$100,000
TOTAL EXPENDITURES
$29,695,353
So
1
OMNI CRA and MIDTOWN CRA GENERAL OPERATING
BUDGETS
FY 2013
Budget
General
Operating
Fund
Revenues
OTHER INTERFUNDTRANSFERS
$634,814
TOTAL REVENUES
$634,814
Expenditures
REGULAR SALARIES
$249,530
FICA TAXES
$18,879
LIFE AND HEALTH INSURANCE
$30,500
RETIREMENT CONTRIBUTION
$13,437
FRINGE BENEFITS
$13,800
OTHER CONTRACTUAL SERVICE
$10,015
TRAVEL AND PER DIEM
$30,000
COMMUNICATIONS
$3,000
UTILITY SERVICE
$12,000
INSURANCE
$68,000
OTHER CURRENT CHARGE
$5,000
SUPPLIES
$4,000
OPERATING SUPPLIES
$2,500
SUBSCRIPTION MEMBERSHIP
$7,000
MACHINERY AND EQUIPMENT
$2,000
ADVERTISING
$10,000
RENTAL AND LEASES
$2,000
POSTAGE
$1,000
BUDGET RESERVE
$152,153
TOTAL EXPENDITURES
$634,814
REVENUE LESS EXPENDITURES
$0
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