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Home My WebLink AboutExhibit 1SEOPW SPECIAL REVENUE FUND BUDGET FY 2012 Budget- SEOPW Special Revenue Revenues * ADVALOREM TAXES - CITY OF MMIAM( $5,188,446 * ADVALOREM TAXES - MIAMI DADE COUNTY $3,271,006 CARRYOVER FUND BALANCE $25,367,764 OTHER NON -OPERATING TOTAL REVENUES $33,827,215 Expenditures PROFESSIONAL SERVICES - LEGAL $142,148 ACCOUNTING AND AUDIT $36,500 PROFESSIONAL SERVICES - OTHER $807,439 OTHER CONTRACTUAL SERVICES $432,587 INTERFUND TRANSFER (Debt Service) $1,698,471 OTHER CURRENT CHARGES AND OBLIG $465,702 INTERFUND TRANSFER (Administration) $1,000,958 INTERFUND TRANSFER (Grant) $500,000 CONSTRUCTION IN PROGRESS $21,987,604 OTHER GRANTS AND AIDS $6,555,807 BUDGET RESERVE 8200,000 TOTAL EXPENDITURES $33,827,215 REVENUE LESS EXPENDITURES $o * Taxable Value In the CRA District - (Attached DR-422 Form) Less Base Value (1982) Tax Increment Value Divided by Multiplied by City Millage (estimate) County Millage (estimate) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2010 Estimated Ad Valorem Value Adjustment Divided by Multiplied by CIty Millage (estimate) County Millage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Miami) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) Net Ad Valorem - City of Mlaml Net Ad Valorem - Miami Dade County $929,997,146 ($78,305,502) $851,691,644 $1,000 95% 7.674 4.838 $6,209,088 $3,914,460 $140,000,000 $1,000 95% 7.674 4.838 (1,020,642.00) (643,454.00) $5,188,446 $3,271,006 1 OMNI SPECIAL REVENUE FUND BUDGET FY2012 Budget - OMNI Special Revenue Revenues * AD VALOREM - CITY OF MIAMI $3,142,175 * AD VALOREM - MIAMI DADE COUNTY $1,980,954 MISC -INTEREST CARRYOVER FUND BALANCE $30,072,222 TOTAL REVENUES $35,195,350 Expenditures PROFESSIONAL SERVICES - LEGAL $96,523 ACCOUNTING AND AUDIT $18,000 PROFESSIONAL SERVICES - OTHER $158,124 OTHER CONTRACTUAL SERVICES $223,883 INTERFUND TRANSFER (Administration) $927,552 OTHER CURRENT CHARGES AND OBLIG $3,136,144 INTERFUND TRANSFER (Debt Service) $8,233,352 CONSTRUCTION IN PROGRESS $17,238,432 OTHER GRANTS AND AIDS $4,963,340 BUDGET RESERVE $200,000 TOTAL EXPENDITURES $35,195,350 REVENUE LESS EXPENDITURES 5o * Taxable Value In the CAA District - (Attached DR-422 Form) Less Base Value (1986) Tax Increment Value Divided by Multiplied by City Millage (estimate) County Millage (estimate) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2010 Estimated Ad Valorem Value Adjustment Divided by Multiplied by City Millage (estimate) County Millage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Miami) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) Net Ad Valorem - City of Miami Net Ad Valorem - Miami Dade County $817,906,417 ($246,898,822) $571,007,595 $1,000 95% 7.674 4.838 $4,162,817 $2,624,408 $140,000,000 $1,000 95% 7.674 4.838 (1,020,642.00) (643,454.00) $3,142,175 $1,980,954 2 MIDTOWN SPECIAL REVENUE FUND BUDGET FY 2012 Budget - MIDTOWN Special Revenue Revenues * AD VALOREM - CITY OF MIAMI $313,005 * AD VALOREM - MIAMI DADE COUNTY $197,331 Iv11SC -INTEREST CARRYOVER FUND BALANCE TOTAL REVENUES $510,337 Expenditures PROFESSIONAL SERVICES- LEGAL $0 ACCOUNTING AND AUDIT $4,500 PROFESSIONAL SERVICES - OTHER $0 OTHER CONTRACTUAL SERVICES $0 INTERFUND TRANSFER (Administration) $5,103 INTERFUND TRANSFER (Grant) $O OTHER CURRENT CHARGES AND OBLIG $500,733 INTERFUND TRANSFER (Debt Service) $0 CONSTRUCTION IN PROGRESS $0 OTHER GRANTS AND AIDS $0 BUDGET RESERVE $0 TOTAL EXPENDITURES $510,337 REVENUE LESS EXPENDITURES $B * Taxable Value In the CRA District - (DR-422) Less Base Value (2004) Tax Increment Value Divided by Multiplied by City Mlllage (estimate) County Mlllage (estimate) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2010 Estimated Ad Valorem Value Adjustment Divided by Multiplied by City Millage (estimate) County Millage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Miami) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) Net Ad Valorem - City of Miami Net Ad Valorem - Miami Dade County $172,216,084 ($29,281,592) $142,934,492 $1,000 95% 7.674 4.838 $1,042,035 $656,941 $100,000,000 $1,000 95% 7.674 4.838 (729,030,00) (459,610.00) $313,005 $197,331 OMNI CRA, SEOPW CRA and MIDTOWN CRA GENERAL OPERATING BUDGETS FY 2012 Budget General Operating Fund (Approved by CRA Board) Revenues FY 2011 ESTIMATED CARRYOVER FUND $280,000 BALANCE -GENERAL FUND OTHER INTERFUND TRANSFERS-OMNI CRA, $1,933,613 Midtown CRA AND SEOPW CRA SPECIAL REVENUE FUND (Estimated FY 2012 TIF revenue shares for administration) TOTAL REVENUES $2,213,613 Expenditures REGULAR SALARIES $1,014,411 OTHER SALARIES $43,000 FICA TAXES $81,153 LIFE AND HEALTH INSURANCE $139,971 RETIREMENT CONTRIBUTION $56,470 FRINGE BENEFITS $16,580 OTHER CONTRACTUAL SERVICE $46,660 TRAVEL AND PER DIEM $2,500 COMMUNICATIONS $5,500 UTILITY SERVICE $57,308 INSURANCE $112,000 OTHER CURRENT CHARGE $5,700 SUPPLIES $12,000 OPERATING SUPPLIES $8,000 SUBSCRIPTION MEMBERSHIP $6,000 MACHINERY AND EQUIPMENT $23,000 ADVERTISING $30,000 - RENTAL AND LEASES $158,208 POSTAGE $3,000 REPAIR/MAINTENANCE - OUTSIDE $2,250 INTERFUND TRANSFER $47,000 BUDGET RESERVE 5342, 902 TOTAL EXPENDITURES $2,213,613 REVENUE LESS EXPENDITURES $0