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Home My WebLink AboutCRA-R-13-0050 Submittal-Budget Back-upSEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET FY 2014 SEOPW Budget • Revenues CITY OF MIAMI - ESTIMATED TAX INCREMENT (ORIGINAL BOUNDARIES) $7,349,507 MIAMI DADE COUNTY - ESTIMATED TAX INCREMENT (ORIGINAL BOUNDARIES) $4,566,718 CITY OF MIAMI - ESTIMATED TAX INCREMENT (EXPANDED BOUNDARIES) $194,346 MIAMI DADE COUNTY - ESTIMATED TAX INCREMENT (EXPANDED BOUNDARIES) $120,738 OTHER REVENUES - $80,250 CARRYOVER FUND BALANCE $28,623,280 TOTAL REVENUES $40,934,839 Redevelopment Expenditures PROFESSIONAL SERVICES - LEGAL $298,148 ACCOUNTING AND AUDIT $25,000 PROFESSIONAL SERVICES - OTHER $695,775 OTHER CONTRACTUAL SERVICES $489,758 LAND $2,700,714 INTERFUND TRANSFER (Debt Service) $440,059 INTERFUND TRANSFER (Grant) $47,140 DEBT SERVICE PAYMENT $5,000,000 CONSTRUCTION IN PROGRESS $3,569,808 OTHER GRANTS AND AIDS $26,070,287 Administrative Expenditures REGULAR SALARIES $740,541 FICA TAXES $56,651 LIFE AND HEALTH INSURANCE $131,213 RETIREMENT CONTRIBUTION $62,853 FRINGE BENEFITS $15,600 OTHER CONTRACTUAL SERVICE $19,830 TRAVEL AND PER DIEM $20,000 COMMUNICATIONS $5,500 UTILITY SERVICE $64,462 INSURANCE $89,500 OTHER CURRENT CHARGE $9,000 SUPPLIES $7,000 OPERATING SUPPLIES $7,000 SUBSCRIPTION MEMBERSHIP/TRAINING $16,000 MACHINERY AND EQUIPMENT $32,000 ADVERTISING $40,000 RENTAL AND LEASES $7,000 POSTAGE $2,000 REPAIR/MAINTENANCE - OUTSIDE $2,000 INTERFUND TRANSFER $30,000 BUDGET RESERVE $240,000 TOTAL EXPENDITURES $40,934,840 SUBMFTTED INTO THE PUBLIC ECORD FOR I3- al-- tit.ovv,i1%.`---13uCt e+i tok-u p1 Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2014 TIF Revenue Professional Services - Legal 1 External Legal Counsel Services (Holland & Knight, LLP) Admin 12-0075 $125,000 $95,188 $29,812 $29,812 2 In House Legal Counsel - Jessica Pacheco Admin 12-0075 $40,000 $26,664 $13,336 $13,336 3 FY 2014 Available for External Legal Counsel Services (Holland & Knight, LLP) Admin NR $200,000 $200,000 $200,000 4 FY 2014Jessica Pacheco- CRA Legal Counsel Admin NR $55,000 $55,000 $55,000 Accounting and Audit 5 FY 2013 External Audit - Sanson Kline Jacomino & Company, LLP Admin NR $25,000 $25,000 $25,000 Professional Services - Other 6 Akerman Senterfitt & Eidson, PA - Lobbyist Federal Government - Expires in April 2015. Admin 13-0040 $48,000 $6,000 $42,000 $42,000 7 Doug Bruce & Associates Lobbyist Florida State Government Commencing Jul 2012 Admin 12-0066 $62,600 $31,505 $31,095 $31,095 8 The Curtis Group - DRI (Increment III) Admin 08-0043 $743,500 $746,973 -$3,473 -$3,473 9 The Curtis Group - Miami Woridcenter - DRI Admin 09-0010 $500,000 $303,921 $196,079 $196,079 10 Biennial Report (DRI) Admin NR $10,000 $10,000 $10,000 11 Overtown Shopping Center - Commission for the Property Managers and Initial Cost of Starting the Operation of a Shopping Center Job Creation 13-0019 $200,000 $200,000 $200,000 12 CRA Owned Lyric Theater Plaza and Block 36 Admin 11-0047 $50,000 $29,926 $20,074 $20,074 13 Available for Other Professional Services Admin NR $200,000 $200,000 $200,000 Other Contractual Services 14 Horsepower Electric, Inc. - Streetlight Maintenance (First Option) Quality of Life 12-0080 $25,000 $13,443 $11,557 $11,557 2 Submitted into the public record in connection with ITEM #8 on 07/25/13. Todd B. Hannon Clerk of the Board Description Category Reso # Amount Budgeted Amount Expended Remaining Balance 15 Horsepower Electric, Inc. - Streetlight Maintenance (Outside Normal Scope of Work) Quality of Life NR $25,000 $2,499 $22,501 16 Landscape Maintenance (CRA Owned Vacant Lots) Quality of Life 13-0029 $42,000 $3,500 $38,500 17 Miscellaneous Demolition - Overtown Quality of Life 13-0005 $50,000 $13,050 $36,950 18 Available for Other Contractual Services/Accidental Occurrences/Contract Renewal (Landscape and Streetlight Maintenance. Quality of Life NR $380,250 $380,250 Subtotal $2,781,350 $1,272,669 $1,508,681 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed $892,751 $615,930 $1,508,681 Professional Services (Legal) $298,148 Accounting and Audit $25,000 Professional Service (Other) $695,775 Other Contractual Services $489,758 $1,508,681 3 Funding Source Carryover FY 2014 Fund TIF Revenue Balance $22,501 $38,500 $36,950 $380,250 $1,508,681 $0 $1,508,681 $0 $1,508,681 Submitted into the public record in connection with ITEM #8 on 07/25/13. Todd B. Hannon Clerk of the Board Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Interfund Transfer (Debt Service) 1 FY 2014 Loan Payment Gibson Park/Sunshine State Loan - $8 million Park and Open Spaces 12-0045 $440,059 $440,059 Debt Service 2 Reserve for the SEOPW Loan Series 2014 Affordable Workforce Housing NR $5,000,000 $5,000,000 Purchase of Land 3 Purchase of Property located at 921 NW 2nd Court and 925 NW 2nd Court Infrast 12-0012 $235,000 $23,500 $211,50 4 Purchase of Properties - DRi Increment II/NW 1st Avenue Widening Project/Folklife Village/ Others Infrast NR $2,489,214 $2,489,21 Interfund Transfer (Grant) 5 Overtime Police Visibility Pilot Program IV Quality of Life 11-0059 $250,000 $202,860 $47,14 Subtotal $8,414,273 $226,360 $8,187,91 Total Budget Amount NR- No CRA Resolution R - CRA Resolution Passed Debt Service Payment Land Interfund Transfer (Grant) Interfund Transfer (Debt Service) $7,489,214 $698,699 $8,187,913 $5,000,000 $2,700,714 $47,140 $440,059 $8,187,913 Funding Source Carryover FY 2014 Fund Balance TIF Revenue $440,059 $5,000,000 $211,500 $165,691 $2,323,523 I $47,140 I $424,331 $7,763,582 $424,331 $7,763,582 $8,187,913 Submitted into the public record in connection with ITEM #8 on 07 25 13. Todd B. Hannon Clerk of the Board 4 Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2014 TIF Revenue Construction in Progress 1 Community Center Interior Build out Infrast 10-0102 $1,500,000 $211,686 $1,288,314 $1,288,314 2 Community Center Interior Build out (Kitchen) Infrast NR $500,000 $500,000 $500,000 3 Folk Life Super Club / Gallery (Pool Hall) Quality of Life NR $350,000 $350,000 $75,507 $274,493 4 BlackArchives(Lyric Plaza) Infrast NR $185,000 $185,000 $185,000 5 Overtown Shopping Center - Capital/Operating Expenditures Job Creation 13-0038 $1,350,000 $103,506 $1,246,494 $1,246,494 Subtotal $3,885,000 $315,192 $3,569,808 $3,295,315 $274,493 $3,295,315 $274,493 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed $1,035,000 $2,534,808 $3,569,808 5 $ 3,569,808 Submitted into the public record in connection with ITEM #8on07 WWII. Todd B. Hannon Clerk of the Board Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2014 TIF Revenue Other Grants and Aids 1 Mt. Zion Mixed - Use Development Affordable Workforce Housing (Capital Protects) 11-0034 $670,000 $636,566 $33,434 $33,434 2 Grants for the Rehabilitation of Existing Properties $300K (Emanuel Washington) and $200K (Available for Other Projects) Affordable Workforce Housing (Capital Projects) 12-0072 $500,000 $500,000 $500,000 3 Town Park Village- 40 Year Recertification Affordable Workforce Housing (Capital Projects) 12-0053 $335,000 $101,907 $233,093 $233,093 4 Available for Other affordable /Workforce Housing Projects (Town Park Village) Affordable Workforce Housing (Capital Projects) 12-0056 $13,986,062 $13,986,062 $13,986,062 5 Poinciana Village Rehab Affordable Workforce Housing (Capital Projects) NR $500,000 $500,000 $500,000 6 2013 Art Basel Arts and Culture (Programming) NR $50,000 $50,000 $50,000 7 Historic Building Protect- Rehab Masonic Lodge Infrast (Capital Projects) 12-0008 $300,000 $10,100 $289,900 $289,900 8 Greenway Protect Infrast (Capital Projects) 11-0032 $1,120,088 $13,088 $1,107,000 $1,107,000 9 276 NW 9th St Parking Lot Development Infrast (Capital Protects) 11-0037 $155,000 $155,000 $155,000 10 Overtown Shopping Center- Grocery and Other Tenant Spaces Job Creation (Capital Projects) 13-0042 $500,000 $500,000 $500,000 11 Two Guys Restaurant, Inc. - Design Build Renovation Job Creation (Capital Protects) 10-0016 $260,000 $240,893 $19,107 _ $19,107 12 New Arena Square Retail Business -Three (3) additional bays Job Creation (Capital Projects) 09-0039 $130,000 $15,637 $114,363 $114,363 13 DMP Wrap Around Program (Awarded in 2012) Job Creation (Capital Projects) 12-0010 $325,000 $216,484 $108,516 $108,516 14 Gibson Park (New Construction)(Gym) Parks and Open Spaces (Capital Projects) 11-0058 $2,800,000 $1,865 $2,798,135 $2,798,135 15 Additional Funds Gibson Park (New Construction)(Gym) Parks and Open Spaces (Capital Protects) 13-0030 $600,000 $600,000 $600,000 16 Gibson Park (New Construction) Parks and Open Spaces (Capital Protects) 09-0012 $1,000,000 $458,258 $541,242 $541,742 17 2014 Camillus House - (4th Payment) Quality of Life (Capital Projects) 10-0040 $2,000,000 $2,000,000 $2,000,000 18 Available for the UM Economic Incentive Agreement Quality of Life (Capital Projects) NR $526,168 $526,168 $211,084 $315,084 6 Description Category Reso N Amount Budgeted Amount Expended Remaining Balance 19 Lotus House Quality of Life (Capital Projects) NR 200,000 200,000 20 2013 Overtown Enhancement Team Job Creation (Programming) 12-0064 $200,000 $152,730 $47,270 21 2014 Overtown Enhancement Team Job Creation (Programming) NR $200,000 $200,000 22 NANA - Business Training Program Job Creation (Programming) 12-0009 $35,600 $17,601 $17,399 23 Miami Dade College/Hospitality Job Creation (Programming) 13-0006 $300,000 $46,106 $253,894 24 2013 Folk Life Fridays on the 9th Street Pedestrian Job Creation (Programming) 13-0010 $80,000 $42,506 $37,494 25 Suited for Success, Inc. - Professional Image and Business Etiquette Job Creation (Programming) 12-0074 $50,000 $29,160 $20,840 26 2013 Youth Summer Employment Program Job Creation (Programming) 13-0043 $155,000 $662 $154,338 27 2013 Film Life Center - Entrepreneurial Program Job Creation (Programming) 13-0007 $300,000 $62,647 $237,353 28 2014 Film Institute Job Creation (Programming) NR $280,000 $280,000 29 FY 2012 Youth Summer Employment Program / Robert Townsend Film Job Training Program Job Creation (Programming) 12-0068 $200,000 $188,344 $11,656 30 Roots in the City/Farm Market Job Creation (Programming) 12-0051 $75,000 $63,642 $11,358 31 FY 2013 American Black Film Festival Job Creation (Programming) 13-0023 $50,000 $40,000 $10,000 32 FY 2013 Rhythm & Arts Festival June 2012 Job Creation (Programming) 13-0024 $50,000 $40,287 $9,713 33 2013 NANA Business Resource Center Job Creation (Programming) NR $80,000 $80,000 34 Black Archives - Ward Rooming Programming (Grant Renewal) Quality of Life (Programming) 13-0022 $50,000 $50,000 35 2013 Black Archives Quality of Life (Programming) 12-0081 $200,000 $78,548 $121,452 36 2014BIack Archives Quality of Life (Programming) NR $200,000 $200,000 37 Black Archives (Video Equipment) Quality of Life (Programming) NR $65,000 $65,000 Subtotal $28,527,318 $1,694,798 $26,070,287 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed Grants for Capital Projects Grants for Programming $2,101,188 $23,989,119 $26,070,287 $24,262,520 $1,807,767 $26,070,287 93% 7% Funding Source Carryover FY 2014 Fund Balance TIF Revenue 200,000 $47,270 $200,000 $17,399 $253,894 $37,494 $20,840 $154,338 $237,353 $280,000 $11,656 $11,358 $10,000 $9,713 $80,000 $50,000 $121,452 $200,000 $65,000 $23,475,203 $2,595,084 $23,475,203 $2,595,084 $26,070,287 Submitted into the public record in connection with ITEM #8 on 07 25 13. Todd B. Hannon Clerk of the Board 7 SEOPW Position Executive Director Program Administrator Financial Officer Administrative Assistant Agenda Administrator/Assistant to the Executive Director Assistant Financial Officer Project Inspector Architect Marketing Coordinator Grant Writer/Part Timer Project Manager Business Coordinator Interns Accumulated Annual Leave Regular Salaries $120,000 $80,000 $91,000 $33,395 $44,797 $40,654 $35,043 $92,000 $50,000 $42,000 $40,000 $40,000 $6,000 $25,651 $740,541 Fica taxes $56,651 Health Insurance Executive Director Program Administrator CRA Legal Counsel (Not Enrolled) Financial Officer AdminlstratiVe Assistant Agenda Administrator Assistant Financial Officer Project Inspector Architect Marketing Coordinator Grant Writer Project Manager Business Coordinator $56,6511 $12,400 $18,342 $D $3,120 $13,609 $13,609 $5,793 $14,374 $9,324 $13,609 $13,609 $6,274 Dental Insurance Executive Director $0 Program Administrator $1,269 CRA Legal Counsel (Not Enrolled) $0 Financial Officer (Not Enrolled) $0 Administrative Assistant $755 Agenda Administrator $755 Assistant Financial Officer $393 Project Inspector $393 Architect $755 Marketing Coordinator $755 Grant Writer Project Manager Business Coordinator Vision Insurance Executive Director Program Administrator CRA Legal Counsel (Not Enrolled) Financial Officer (Not Enrolled) Administrative Assistant Agenda Administrator Assistant Flnanclal Officer Project inspector Architect Marketing Coordinator Grant Writer Project Manager Business Coordinator Life and Health Insurance Retirement Contribution (457 Deferred Compensation and 401K) $755 $393 $o $178 $o $o $178 $178 $48 $168 $178 $178 $178 $178 $131,213 U .0 ++ C 0 9. C el)C of ® CO .0 as Lfl = Executive Director $33,000 o ° , Program Administrator $3,731 4.0 C .a CRA Legal Counsel $o .- C D Financial Officer $11,830 "0 u 0 H (11 Administrative Asslstant $1,669 .S co Agenda Administrator $2,239 C "C M CUo W Clerk of the Board Assistant Financial Officer Project Inspector Architect Marketing Coordinator Grant Writer Business Coordinator Retirement Contribution Car Allowance Executive Director Cell Phone Allowance Executive Director Program Administrator Financial Officer Administrative Assistant Agenda Administrator Assistant Financial Officer Project Inspector Architect Marketing Coordinator Grant Writer Business Coordinator Fringe Benefits ADP - Payroll Processing Fee (26 payroll periods X $150) Best Janitorial Supply (12 months x $365) Circle Security System (4 quarters X $175) ICMA Retirement - Annual Plan Fee Crystal Water Other Contractual Services - Contingency Public Storage Other Contractual Services To Include cost for travel out of the city for conferences and travel allowances. Travel and Per Dlem Bellsouth (CRA Office) (12 months X $458) Communications FPL - 250 NW 10th (Parking-4) FPL -1034 N Mlaml Ave (Grand Promenade)/1031 N Miami Ave/1034 NE end Ave (Account#62694-40530/26138.90231/88707-31208) FPL -49 NW 5th CRA Office (Account #53810-80596/33978-61596) $10,200 FPL -247 NW 12th (Parking-2) $2,000 FPL-1000 NW 3rd Avenue (Parking-3) $1,500 FPL - Ward Rooming House (Account 27200.90022) $6,000 FPL - Overtown Shopping Center $16,000 Miami Water and Sewer -1040 N Miami Ave $1,000 Miami Water and Sewer - 250 NW 10 street $1,300 Miami Water and Sewer 249 NW 9th Street (Ward Rooming House)(Account $1,500 4528988415) Miami Water and Sewer - 300 NW 11th Fire line $2,033 $1,752 $4,600 $0 $0 $2,000 $62,853 $6,000 $2,400 $900 $900 $900 $9oo $1,800 $900 $900 $15,600 $3,900 $4,380 $700 $250 $800 $5,000 $4,800 $19,830 $20,000 $20,000 $5,500 $5,500 Cable TV Contingency Utility Service $1,200 $9,000 $500 $1,440 $12,821 $64,461 Submitted into the public record in connection with ITEM #8 on 07/25/13. Todd B. Hannon Clerk of the Board 9 Auto Insurance (One (1) New Vehicles) Commercial Property Insurance and Equipment Floater- CRA offices, vacant building -1201-21 NW 3rd Ave, Grand Promenade (Pedestrian walkway), "Super Block" • around the PAC, Fire Station No. 2, Temporary Park -1016 NW 3rd Avenue, the Ward Rooming House and Owned Vacant Lots/Black Police Precinct, $4,500 $25,000 Workers Compensation (Estimate) $10,000 Property Insurance and Liability Insurance - Overtown Shopping Center $50,000 Insurance To Include the cost of food associated to CRA Board Meetings/Ribbon Cutting Ceremonies. To Include the cost of fuel. To include the cost of miscellaneous supplies. Other Current Charges To Include supplies necessary for use In the operation of an office, such as copy paper for the agendas and other office related supplies. Supplies To include other supplies not office related. Ex. Misc. Project Construction and Site Signage Operating Supplies To Include the cost of books, dues, memberships to organizations and Email marketing, Microsoft license, Westlaw, Bar Dues, Continuing Education and Florida Redevelopment Association among others. Subscription Membership/Training To Include the cost of office furniture Vehicle Machinery and Equipment To Include the expenses of placing advertisements In the newspapers or other publications. Ex. Board meetings Advertisements, RFPs and RFQs. Advertising Konica Minolta Copier (Black and White Copies and Color Copies)(12 months x $125 +$100 allowance) Sharp Copier (Black and White Coples)(12 months x $323.04) Rental and Leases 10 $89,500 $5,000 $2,000 $2,000 $9'000 $7,000 $7,000 $7,000 $7,000 $16,000 $16, 000 $2,000 $30,000 $32,000 $40,000 $40,000 $3,000 $4,000 $7,000 Submitted into the public record in connection with ITEM #8 on 07/25/13. Todd B. Hannon Clerk of the Board To Include the cost of stamps or other $2,000 related Item. Distribution of newsletter in the CRA area. Ex. Mailing services and FedEx. Postage $2,000 To Include the cost associated to any $2,000 office/truck repair. Repair / Maintenance - Outside To Include transfer of funds to the Clty of Miami Office of the Clty Clerk for services to be rendered as Clerk of the Board. Interfund Transfer Total FY 2014 Budget - Recurrent Expenditures 11 $2,000 $30,000 $30,000 $1,358,150 Submitted into the public record in connection with ITEM #8 on 07/25/13. Todd B. Hannon Clerk of the Board