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Home My WebLink AboutExhibit ABAYFRONT PARK MANAGEMENT TRUST Budget Template FY 2024-25 Proposed Budget FY 2021-22 Actual FY 2022-23 Actual FY 2023-24 Adopted FY 2023-24 Projection FY 2024-25 Difference Notes Proposed Number of Full -Time Positions 16 16 16 15 21 -1 Are any positions funded in other budgets? No No No No No If so, how much is in this budget? No No No No No If so, how much is in the other budget? No No No No No Revenues BPMT- AMPHITEATHER OPERATIONS & MGMT. $926,100 $931,802 $973,729 $993,373 $1,002,941 +$61,571 BPMT - BOAT DOCK INCOME $525,286 $576,881 $583,700 $712,979 $792,000� +$136,098 BPMT-CONCESSIONS $331,556 $802,257 $473,200 $539,738 $1,199,600 -$262,519 BPMT- EVENT RENTAL INCOME $999,570 $2,718,125 $2,729,000 $3,032,326 $2,402,500 +$314,200 BPMT - FILM & VIDEO LOCATION RENTAL $32,450 $41,391 $55,000 $28,500 $30,000 -$12,891 BPMT- GLOBAL AGREEMENT REINBURSEMENT $0 $2,000,000 $2,000,000 $2,000,000 $2,000,000 PI $0 BPMT-GRANTS $476,409 $1,112,951 $624,000 $540,786 $535,000 -$572,165 BPMT - MARQUEE REVENUE $12,250 $15,000 $20,000 $125,557 $30,000 +$110,557 BPMT- MISCELLANEOUS REVENUES $688,190 $507,773 $744,000 $532,263 $15,000 +$24,489 BPMT - PARKING OPERATION INCOME $1,357,308 $1,303,903 $1,178,000 $1,412,399 $1,222,000 +$108,496 BPMT- SKYVIEW SURCHARGE $859,815 $247,512 $267,000 $645,419 $420,000 +$397,907 BPMT- SPECIAL EVENT SPONSORSHIP $95,500 $155,200 $232,000 $165,150 $0 +$9,950 Reserve Transfer Funds $0 $8,106,221 $16,198,244 $16,198,244 $20,300,970 +$8,092,023 Additional funding to be used for capital expenditures Revenue Grand Total $6,304,434 $18,519,016 $26,077,873 $26,926,733 $29,950,011 $8,407,717 Expenditures BPMT- AUTOMOBILE EXPENSES $22,889 $24,471 $30,500 $32,736 $26,042 +$8,265 Increase in operations BPMT - EQUIPMENT RENTAL $6,563 $11,292 $12,000 $22,791 $38,000 +$11,499 Increase in operations BPMT - LANDSCAPING & TREE MAINTENANCE $3,335 $71,541 $229,000 $122,247 $198,500 +$50,706 Increase in operations BPMT - LICENSES & PERMITS $399 $399 $0 $6,504 $12,000 +$6,105 Increase in operations BPMT-OFFICE & GRAL. ADMIN. EXPENSES $156,472 $191,210 $232,000 $183,080 $142,040 -$8,130 Increase in operations BPMT - OTHER BUSINESS EXPENSES $388,050 $158,901 $257,000 $236,671 $73,000 +$77,769 Increase in operations BPMT - PAYROLL BENEFITS AND EXPENSES $188,669 $164,486 $154,300 $206,488 $282,724 +$42,002 Proposed new employees BPMT - PAYROLL SALARIES & WAGES $714,516 $763,174 $1,205,821 $1,010,798 $1,305,098 +$247,624 Proposed new employees BPMT - PROFESSIONAL FEES $208,193 $506,379 $576,000 $690,736 $1,172,700 +$184,357 Increase in security BPMT-REPAIRS & MAINTENANCE $305,050 $374,186 $177,200 $426,468 $162,012 +$52,282 Increase in operations BPMT - SPONSORED EVENTS & ENTERTAINMENT $844,196 $1,270,174 $1,557,000 $1,362,217 $1,382,500 +$92,043 Sponsored events cost increase BPMT - SUPPLIES & MATERIALS $44,685 $32,283 $84,500 $67,838 $62,160 +$35,555 Increase in operations BPMT-UTILITIES $388,790 $468,031 $443,000 $623,317 $846,500 +$155,286 Increase in operations Interest Income & Dividends $0 $0 $0 -$1,056,243 -$1,045,000 -$1,056,243 Bank Interest Depreciation Expense $469,551 $469,551 $0 $509,488 $671,735 +$39,937 Capital Expenditures $0 $11,650,000 $26,077,873 $26,077,873 $22,530,000 +$14,427,873 Capital Improvements Expenditure Grand Total $3,741,359 $16,156,078 $31,036,194 $30,523,009 $27,860,011 $14,366,931 Revenues Minus Expenditures $2,563,075 $2,362,939 -$4,958,321 -$3,596,276 $2,090,000I $0-$5,959,214