Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Back-Up Documents
BAYFRONT PARK MANAGEMENT TRUST MIAMI BAYFRONT PARK MANAGEMENT TRUST OPERATING BUDGET FISCAL YEAR 2024/2025 B YF O TP R K MANAGEMENT TRUST M I A M I TABLE OF CONTENTS 1. MEMBERSHIP 2. LETTER OF INTRODUCTION 3. RESOLUTION ADOPTING NEW BUDGET FOR FISCAL YEAR 2024/2025 4. BUDGET VARIANCE AND COMPARISON FROM PREVIOUS YEAR 5. BUDGET SUMMARY BY MONTH 6. BUDGET DETAIL BY MONTH 7. NOTES TO PROPOSED BUDGET 8. CAPITAL IMPROVEMENT BUDGET BAYFRONT FRONT PARK MANAGEMENT TRUST MIAMI CHAIRMAN Commissioner Joe Carollo TRUST MEMBERS Alex Cardenas Dr. Jorge Suarez -Menendez Javier Banos Marie Loussaint Mary Lugo Carlos Martell Steven Smith Pat Santangelo EXECUTIVE DIRECTOR Jose Suarez MILDRED AND CLAUDE PEPPER BAYFRON T PA RK BAYFRONT PARK MANAGEMENT TRUST 301 N. BISCAYNE BOULEVARD, MIAMI, FL 33132 TELEPHONE: (305)358-7550 FAX: (305) 358-1211 TO: City of Miami Commission FROM: Jose Suarez Executive Director SUBJECT: Resolution 24-08, approving the BPMT Operating Budget for Fiscal Year 2024- 2025 — Beginning Oct. 1st, 2024 & Ending on Sept. 30th, 2025 DATE: August 16th, 2024 Section 38-109 of the Code of the City of Miami provides that the Trust submits its annual budget for the operations and maintenance of Bayfront Park and Maurice A. Ferre Park to the City Commission for approval. Please see attached for your approval, a copy of the Bayfront Park Management Trust Operating budget for Fiscal Year 2024 — 2025, beginning on October 1st, 2024, and ending on September 30th, 2025. Please do not hesitate to contact me if you have any questions. Respectfully submitted, ose Suare Executiv 'rector josuarez(a7,miam ioov. com (305) 358-7550 MILDRED AND CLAUDE PEPPER BAYFR©NT PARK M A N A G E M E N T T R U S T 301 N. BISCAYNE BOULEVARD, MIAMI, FL 33132 TELEPHONE: (305)358-7550 FAX: (305) 358-1211 RESOLUTION 24-08 RESOLUTION OF THE BAYFRONT PARK MANAGEMENT TRUST ("TRUST") APPROVING AND ADOPTING THE ANNUAL BUDGET ATTACHED IN THE AMOUNT OF TWENTY-NINE MILLION NINE HUNDRED AND FIFTY HOUSAND AND ELEVEN DOLLARS WITH TWENTY CENTS (USD ($29,950,011.20) IN REVENUE TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK FOR THE FISCAL YEAR COMENCING OCTOBER 1, 2024, AND ENDING ON SEPTEMBER 30, 2025. WHEREAS The Bayfront Park Management Trust was created by the Miami City Commission to direct, manage and maintain all aspects of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park; and, WHEREAS Section 38-109 of the code of the City of Miami, Florida, as amended, provides that the trust shalt submit its annual budget for the operation and maintenance of Bayfront Park and Maurice A. Ferre Park to the City Commission for approval; and, Now therefore, be it resolved b the Bayfront Park Management Trust 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 as if fully set forth in this section. Section 2.- The Bayfront Park Management Trust annual budget, attached, and incorporated as Exhibit "A", for the management, operations, maintenance and capital improvements of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park in the amount of Twenty - Nine Million Nine Hundred and Fifty Thousand and Eleven Dollars with Twenty Cents ($29,950,011.20) in revenue for the fiscal year commencing October 1, 2024, and ending on September 30, 2025. Dated this July 30th, 2024. BAYFRONT PARK ANA9 EX E VT TRUST J s' CAROLLO Bayfront Park Management Trust Chairman BAYFRONTPARK MANAGEMENT TRUST MM1AM1 "EXHIBIT A" BUDGET VARIANCE AND COMPARISON FROM PREVIOUS YEAR "Exhibit A" Bayfront Park Management Trust Corporation Operating budget October 2024 - September 2025 Budget Variance Actual Oct 1 2023- Forecast July 1 Proposed Budget Approved Budget Proposed vs Prior June 30, 2024 2024-Sept 30, 2024 202412025 202312024 Year Budget Income BPMT - AMPHITEATHER OPERATIONS & MGMT. 749,940.27 243,432.42 1,002,941.00 973,729.00 29,212.00 BPMT - BOAT DOCK INCOME 623,208.01 89,771.W 792,000.00 583,700.00 208,300.00 BPMT - CONCESSIONS 353,376.36 186,7J2.00 1,199,600.00 473,200.00 726,400.00 BPMT-EVENT RENTAL INCOME 3,032,325.54- 0.00 2,402,500.00 2,729,000 00 (326,600.00) BPMT - FILM & VIDEO LOCATION RENTAL 28,500.00 0.00 30,000.00 55,000.00 (25,000.00) BPMT- GLOBAL AGREEMENT REINBURSEMENT 2,000,000.00 0.00 2,600,000.00 2,000,000.00 BPMT-GRANTS 540,785.96 0.00 535,000.00 624,000.00 (89,000.00) BPMT-MARQUEE REVENUE 121,120.51 4,436.00 30,000.00 20,000,00 10,000.00 BPMT-MISCELLANEOUS REVENUES 532,262.59 0.00 15,00000 744,000.00 (729,000.00) BPMT-PARKING OPERATION INCOME 1,052,504.49 359,895.00 1.222,000,00 1,178,000.00 44,000.00 BPMT-SKYVIEW SURCHARGE 540,419.25 105,000.00 420,000.00 267,000.00 153,000.00 BPMT-SPECIAL EVENT SPONSORSHIP 165,150.00 0.00 232,000.00 (232,000.00) Reserve Transfer Funds 20,300,970.20 Total Income $ 9,739,592.98 $ 988,898.42 $ 29,950,011.20 5 9,879,629.00 -$ 230,588.00 Gross Profit 5 9,739,592.98 $ 488,896.42 $ 29,950,011,20 § 9,879,629.00 -$ 230,588.00 Expenses BPMT - AUTOMOBILE EXPENSES 24,336.18 8,400.00 26,042.00 30,500.00 (4,458.00) BPMT - EQUIPMENT RENTAL 15,401.02 7,390.00 38,000.00 12,000.00 26,000.00 BPMT- LANDSCAPING & TREE MAINTENANCE 92,585.70 29,661.00 198,50000 229,000.00 (30,500.00) BPMT- LICENSES & PERMITS 6,504.30 12,000.00 12,000.00 BPMT - OFFICE & ORAL. ADMIN. EXPENSES 174,079.59 9,000.00 142,040.00 232,000.00 (89,950.00) BPMT - OTHER BUSINESS EXPENSES 235,670.58 1,000.00 73,000.00 257,000.00 (184,000.00) BPMT-PAYROLL BENEFITS AND EXPENSES 151,061.24 55,427.00 282,724.00 154,300.00 128,424.00 BPMT-PAYROLL SALARIES & WAGES 735,112.73 275,635-00 1305,09842 1,2115,821.00 99,277.42 BPMT-PROFESSIONAL FEES 553,52792 137,214.00 1,172,700.00 576,000.00 596,700.00 BPMT - REPAIRS & MAINTENANCE 311,073.10 115,395.00 162,012.00 177,2..0.00 (15,188.03) BPMT - SPONSORED EVENTS & ENTERTAINMENT 1,362,217.34 0.00 1,382,500.00 1,557,000.00 (174,500.00) BPMT - SUPPLIES & MATERIALS 53,069.74 14,773.00 62,160.00 84,500.00 (22,340.00) BPMT-UTILITIES 436,949.44 186,368.00 846,500,00 443,000.00 403,500.00 Total Expenses $ 4,151,577.86 5 840,313,00 $ 5,703,276.42 $ 4,958,321.00 $ 744,955.42 Net Operating Income $ 4,558,015.10 5 148,583.42 $ 24,246,734.78 $ 4,921,308.00 -$ 975,543.42 Other Income Interest Income & Dividends 792,163.11 264,060,00 1,045,000.00 0.00 1,045,000.00 Other Income-830_64 0.00 0.00 0.00 - TotalOtherincome 5 791,352,47 5 264,060.00 $ 1,045,01)0.00 4 0.00 $ 1,045,000.00 Other Expenses 7700 Depreciation Expense 369,01213 140,478.00 671,734.78 469,552.00 202,182.78 Total Other Expenses $ 369,012.13 $ 140,476.00 5 671,734.78 5 469,552.00 $ 202,182.78 Capital Expenditures $ 22,530,000.00 Net Other Income $ 422,340.34 $ 123,584.00 § 22,903,265.22 -5 469,55200 $ 842,817.22 Net Income $ 6,010,356.44 $ 272,167.42 $ 0.00 $ 4,451,756.00 -5 132,726.20 BAYFRONTP AR K MANAGEMENT TRUST M I A tM 0 - BUDGET SUMMARY BY MONTH Income 6P167-AMPHITEATHER OPERATIONS 6 MONT. 745,040.27 243,432.41 03,570.42 83,578.42 53,57842 83,572.42 53,570.40 83,576.42 03,575.92 53278.92 06,576,42 55278.42 03,570.42 83275.313 1,002,941.00 D70729.00 29,212.00 5P147-13067COCKINCOME 022,200.01 00,771.00 86,143.99 117,083,00 150995.06 75,205.00 0.419.00 79,027.00 100013.00 55,58000 30,161,00 11,110,00 10,034.00 0.111.00 782,000,00 560760.00 200.300,00 13PM7-60100E651093, 350376.32 100,362.0 99,966.07 00,966,67 90,960.57 90,550,67 55.056.97 99,066.67 80,066.67 92,000.07 93,066,67 00,068,67 55,90027 00,00063 1,199,600,00 473,200,00 728,400,00 1212107-E9E67 0601,01. INCOME 3,032,325.34 0.00 003 0,00 0.00 300,000.00 0.00 2,060,0000 22,500,00 0.02 0,00 0,00 0.00 0,00 2,422,500,00 2,720.00000 1200,50,00) BPMT-POLM&VIDEO LOCATION RENTAL 20,500.09 0.00 2,590.00 2,030,00 2.500.00 2.500,00 2,500.90 2,500.00 2,500,00 2,500.99 2,500,03 2,600,03 7,500,00 2.500,00 30,000,00 39.000.00 (20,000,00) BPMT -GLOBAL AGREEMENTREINBURBEMENT 2,000,000,00 0,00 2000,000.00 0,00 050 300 0.00 0.00 0,00 0.00 0,00 0,00 000 0,00 2,000,00000 2,066,00000 BP8IT-G9l4N16 540,705.50 0,00 3,00 0.00 530,00000 0.00 000 0.00 0,00 0.00 0,20 5,000,00 0.00 000 525,000.00 624,030,00' (69.000,051 111.M1'-512A2U6E REVENUE 121,120.51 .4,436,00 2,500,00 2,500,00 2,500.22 2,520.00 2,500,00 2,330.00 2,503,50 2,500.00 2,500,00 2,500.00 2,500.02 2,503,03 33.000.00 22,030.03 10,030,00 13597•5110CELLANE0U0REVENUES 032.252,59 0,00 1,250.00 1,250,00 1,250.00 1.250,00 1,250.03 1,350.00 1,250,00 1,230,02 1,250.00 1,290.00 1,250,00 1,25000 19,000.00 744,000,00 (720,000,00) 135M7-PAo9040OF9RATION INCOME 1.062,604,49 369,695.00 107,1100,00 107,000,00 107,060,00 107.090,00 107,000.00 45,000,00 107,0000E 107,00000 107,000,00 107,000,00 107,000.00 107,003,00 1,222,000,00 1,178,000,00 44,000,00 SPMT• SNYVIEW SURCHARGE 540,419,2E 105.000,00 35000.00 38,000.00 35,000,02 35,00,00 35,002.00 39,2060 35000,00 35,00000 35,000,05 25,000.00 35,030.00 35,000,00 420.00000 267,000,0 153200,00 BPMT -SPECIAL EVENT 6P0060R5HIP 165,150,00 0.00 000 000 0,00 0.00 0.00 0,00 0.00 0.00 0.90 0.00 0.00 0.00 232000,00 (232,000.00) Reserve Trsesfer Fends 20,300,970.20 Total Income 2 9,743492.33 1 810,505A2 $ 2,397,936.03 1 441,977,00 1 1,044,790,09 4 70700000 6 27241409 1 2,420622.00 1 403,909.00 1 387,36305 6 300,056.00 6 347,00900 1 342,130.05 1 327,903.01 9 20,260011.20 3 0979,628A0 4 230,600.00 96049 Profit 6 8,730,662.98 6 400,990,49 4 2,597015.00 3 44(1,577.00 6 1044,70000 5 707,00000 1 376,214.08 1 2,428,022.00 8 463.00000 5 307,363.09 3 180,006.05 1 547,60609 3 242,220.00 9 337,6)20.01 0 20,950011.80 3 8,973,82100 4 230,606.22 Espana.. BPMT- AUTOMOBILE EXPENSES 24,306.16 6,400.00 2,170.17 0170,17 2,170,17 2,170,17 2,17017 0170,17 2,170,17 2,176.17 2.170,17 2,170.17 2,170.17 2,170.13 26,04200 30,000,00 (4,45000) S PRIT -EQUIPMENT RENTAL 15,401,02 7,300.00 3,16067 3,16607 3,103.87 3,184,67 3,166.67 3,160,97 3.100,67 3,1E6.67 2.100.27 3,188,87 3,169,67 3.168,63 38,000,03 1200.00 26,000.00 BPMT• LANDSCAPING 3 TREE MAINTENANCE 92,555,70 29,051.00 19.041.67 15,20137 15,291,67 19,041,67 15,281.67 15,201.67 19,041.57 15,241,67 10.291,57 19,04127 15,295.07 15,201.83 198,500.00 229,00000 (30500.00) BPMT-UCENSE66PERM175 60420 1,00000 1000,00 1,00003 1,000,00 1,000.00 1000,00 1.000,09 1.09000 1,00000 1,000.0E 1,000,00 1.000.03 12,000.00 12,000.00 20M1'-0761303 ORAL, ADMIN. EXPENSES 174,07059 0,000,00 11.550.07 11,801.67 11,661.67 11,681,67 11,651.67 11,881.87 1101.57 13.731,67 11.601,07 11,661.67 11.651.67 11,613123 142,040,00 232,00000 150.960.02) BPMT •0711E9 BUSINESS EXPENSES 235,87320 1,002.00 8,083.33 8,083,33 6,003,32 6003,33 6,003,33 6,083,33 8083.33 6,063.33 0,083.33 8,063.33 8,053.33 0,003,37 73,000.00 257.00400 1104.000,001 BPMT• PAYROLLBENEPITS AN0 EXPENSES 151,061.24 50,427.00 23,530.33 23,660,35 23,560.33 23,60433 23,55133 23,500,33 23.550,33 23.520.33 23,580.33 23,560,33 23,000,30 23.560,37 682,724,00 159,330.00 123,424.00 BPMT . PAYROLL SALARIES & WAGES 735,112,92 275,080.00 108,508.135 191,506.65 106,50625 109,503,05 109,500.05 100,598,05 100,508.05 100,500.05 105,500.05 106,505.06 109,506.0.E 100,500,07 1.305.008.42 1,206,80130 99,277,42 S WAT •PROFESSI0000L PEBS 563,621,02 137,0 4,03 07,72000 97.725,00 97,72503 97,765,00 07,725.00 07.72500 97.725,00 97,725.00 97,725.00 97,705,00 07.725.00 97,725.00 5,172,700.00 57006000 500,700.00 09M7-RE76I60R MAINTENANCE 311,073.10 118,300,00 19.331,01 12,451.01 12,451.01 16,651.01 12,45101 12,45111 14,55121 12,951.01 12,451,01 16,65101 12.951.01 12,450,59 162,042,00 177200,00 (15,188.00) BPMT -SPONSORED E0EN72& ENTERTAINMENT 1,302317.34 0.00 9.00 0.00 1,032,500,00 0.00 0.00 0.00 0,00 0,00 0.00 300,000.00 000 0,00 1.362.500013 1,557,003,00' (174,520.GO) 55095-BUPUES & 51000RIALS 53,00474 14,770,00 6,100.01 5,180.91 5,150.01 6,100.01 5,150.01 5,160,01 5,180.01 6,15321 5,150.01 5,150.01 5,100,01 5,179.89 02,100.00 0440002 (22,39003) 1314MT. UTILITIES 436,040.44 100,300.00 70.541.67 79,54127 70,541.67 70,541.67 70,541.07 70,541.87 70,54127 70,541.67 70,541,07 70,041,57 70,541,87 70,541.63 090,200.00 443000,00 403,500.00 751e1 Expanses 0 4,161,677,08 6 040,818.00 8 361,185,10 E 336,240.11 6 1,437,340.19 1 200,200.10 $ 560,339.90 0 161,239.65 3 404,150.0B 1 260,444.60 B 263A32.23 6 006,290.6E 0 566,539.6E 1 433,339.24 6 0,705,270.42 1 4,80942100 1 744,06622 Net Operating Income 0 6,665,016.10 6 149,61342 $ 3,055,792.01 1 05,636.61 4 333,060.09 3 240,710.01 $ 15,074,61 0 2,97049291 1 99,718,51 5 26,010.01 6 11,64061 .1 2%0004.40 4 1601022 4 20431,23 $ 24,248,724,75 6 4.621.20800 4 976,64322 Other Income Interest Income s OVMende 70183,11 236,005.00 67,053.33 87,063.33 87,063,33 87.083,32 67,083.33 67,083.33 87,063.33 57,003,35 57,053.33 87,052.33 87,083.33 87,053.37 1,095,000.00 0.00 1245,000.00 Other Income .030.89 0.00 0,00 0.00 Total Other Imam 701,362.47 6 2e4,66000, 0 87,901,33 $ 174113.33 3 07,003.23 2 07,003,32 $ 67203.55 6 87,085.63 5 27065.33 0 67,001.33 6 0702223 1 67.083.33 1 07083.22 3 87263.37 1 1,041,00000 S 0.00 0 1,045,220,00 Othm Expense. 7700 Depreciation Expenu 300212.13 140,478,00 56,977,90 55,67790 55,077.00 56,977.00 55,277,90 55,977,90 56,97790 66,977,00 65,077.90 55,97700 00,677143 56,077.60 871,734.76 460,652.01 202,182.76 101n1Other Expenses 380,012.13 6 140474.00 6 66,977.60 $ 66,077,80 9 56.077.00 6 66,07720 0 66,977.90 6 68,977,00 1 66,27720 1 1827700 0 60,077,80 0 66,077.00 1 111,077,00 9 65,077.00 6 071,77478 1 411,662.00 1 202,113,72 Ca6Nel Expandllures 22A20,000.00 Net Other Income 422,240.24 0 123,32400 6 31,106,42 1 31.106.43 5 31,105.44 1 31,10643 6 51,10545 3 31,106,43 9 31.106A3 6 21,10343 6 32,106.43 6 51,105.45 3 21,109,43 1 31.100.40 1 22003,208.22 4 481,662.03 3 042,417,22 Net Income 6,020,35024 $ 272,12722 1 207,866.34 1 134,692.34 4 301,544.55 $ 371,816.94 0 44,970.54 6 2,101,687.94 6 10022224 5 63,023,64 1 42,761.94 4 267,2760E $ 16,094,94 3 10,874.26 2 0.00 1 4401,756.00 4 152,726,20 Bayfront Park Management Trust Corporation Budget Overview: Budget_FY25 P&L - FY25 P&L October 2024 -September 2025 Budget Variance Aatuo! Cat 1 2623- Foreaaet July 1 Proposed Budget Approved Rudest Proposed vs Prior June 90, 2024 2624Sept 90, 2024 Oct 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Man 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 A05 2025 Sep 2025 202412025 202912024 Year Budget BA FRONT PARK MANAGEMENT TRUST MIAMI BUDGET DETAIL BY MONTH Bayfront Park Management Trust Corporation Budget Overview: Budget_FY25_P&L - FY25 P&L October 2024 - September 2025 Income BPMT - AMPHITEATHER OPERATIONS & MGMT. 0.00 0.00 0.00 0.00 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.0D $0.00 202 Amphitheater Operat and Manage 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.42 83,578.38 $1,002,941.00 Total SPA'- AMPHITEATNER OPERATIONS & MGMT. ... ........_... 83,578.42 83,578.42 83,57942 83,578.42 93578.42 89,578.42 89,678.42 433,578.42 83,578.42 83,578.42 89578.42 83,57858 61,002,941.00 BPMT - BOAT DOCK INCOME 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80.00 101 Boat Dock Income 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0,00 101,1 BayfrontPark 44,445.00 23,782.00 88,867.00 26,512.00 40,419.00 4,377.00 57,094.00 32,890.00 34,202,00 7,412.00 0.00 0.00 8360,000.00 101.2 Maurice Ferre Park 21,698.00 93,300 00 94,128.00 48,693.00 0.00 74,650.00 52,519.00 22,678.00 3,989.00 3,698.00 10,534.00 6,113.00 $432,000.00 Tata1101 BoatDocklncome 88,143.00 117,082.00...._._.... 182,995.00 75,205.03 40,419,00 79,027.00 109,813.00 55,568.00 38,191.00 --...__._.. 11,110.00 10,694.D0 8,119.00 9792,000.00 Total SPLIT- BOAT DOCK INCOME mum117,082.00 162,996.00 75,205.00 40,419.00 79,027.00 it78,8S9.00 55,688.00 88,191.00 11,110.00 10,694.00 6,113.00 9792,000.00 BPMT• CONCESSIONS 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 $0.00 105 Concessions 0.0D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $D.00 105.1 Bayfront Park 13,300.00 13,300.00 13,300.90 13,300.00 13,300.00 13,300.00 13,300.90 13,300.00 13,300.00 13,300.00 13,300.00 13,300.00 $159,600.00 Total 105 Carroasalaas 19,900.00 18 900.00 19 900.00 19,900.00 13 9p0.00 19,900 00 19 300.00 19,300 00 19,900.00 13,900.00 13,300.00 15,300.00 $159,800.00 111 Long Term Agreement Income 0.00 0.00 0.00 0.00 0.90 0.00 0.09 0.0D 0.00 0.00 0.00 0.00 $0.00 111.1 Bklboards & Towers 85666.67 86,666.67 86,666.67 88,666.67 86,666.67 86,666,67 86,666.67 86,666,67 86,666.67 86,666.67 86,665.67 86,666.63 $1,040,000.00 Total 111 Long Tarts AglaenrarRlncama 88 868.67 86,868.67 118,886.87 88,888.87 86,868.87 88,668.87 88,888.87 86,868.67 86,886.87 88,686.87 88,888.87 86,088.83 $1540,000.00 ..... .,...__ .. _ Total BPMT-CONCE5$1ONS 99,988.87 99,988.87 99,988.87 99,9813.87 99,06987 99,988.67 99,968.87 99,080.87 99,988.87 99,988.87 99,988.87 99,968.83 $1,199500.00 BPMT - EVENT RENTAL INCOME 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 201 Special Event Rental Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00$0.00 201.1 Park Rental Fes 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 201,01 Baylront Park 0.00 0.00 0.00 300,300,00 0.00 2,060,000.00 22,500.00 0.00 0.00 0.00 0.00 0.00 $2,402,500.00 Total 201.1 Perk Rent Fee 0.00 0.00 0.00 300,000.00 0.00 2,090,900.00 22 600.00 0.00 0,40 0.00 0.00 0 00 $2 s92,5Do.00 0.000.00 300 0.00 0.002,080,000.0022,600.000.000.00,000..0.00 0.00 $2,402,5 Total 201 Special EverttRemellnDome ..,._4,._ ,... .. _... 00 000 00.00 Total BPMT- EVENT RENTAL INCOME 0.00 0.00 0.00 900,000J00 0.00 2580,000.00 22.600.00 0.00 0.00 0.00 0.00. 0.00......$2,402,500.00 BPMT - FILM &VIDEO LOCATION RENTAL OAO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 $OAO 103 i 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500,00 2,500.00 2,500.00 2,500.09 830,000.00 Total BPMT tlFlLM B VIDEO LOCATION RENTAL 2,500.00 2,500.00 2,5500.00 2,500.00 2,500.00 2,600.00 2,500.00 2,800.00 2,500.00 2.600 ., .00 2,606.00 2,500.00 $90,000.00 BPMT• GLOBAL AGREEMENT REIMBURSEMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 311 Global Agreement Reimbursement 2,000,000.00 0.00 C.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $2,000,000.00 Total BPMT- GLOBAL AGREEMENT REIMBURSEMENT 2,000,000.00 0.00 0.00. 0.00 0.00 0.00 0.00 0.00 0.00 .............. 0.00 0.00 0.00 $2.000,000.00. BPMT-GRANTS 0.00 0.00 D.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 222 Spacial Event Grants 0.00 0.00 500,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6500,000.00 303 Grants 0.00 0.00 30,000,00 0.00 0.00 0.00 0.00 0.00 0.00 5,090.00 0.00 0.00 635,000.00 Total BRIT- GRANTS 0.00 0.00 590,000.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 0.00 0.00 9535,000.00 BPMT- MARQUEE REVENUE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 106 Marquee Revenue 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 80.00 106,1 Bayfront Park 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500,00 2,500.00 2,500.00 2,500.00 2,500.00 $30,000.00 Total 106 0 Marquee Revenue 2,500.00 2,500.00 2,500.00 2,600.00 2,500.00 2,500.00 2,500.00 2,500.OD 2,500.00 2,500.00 2,500.00 2,60a00 $$0.000.00 Total 6PMT- MARQUEE REVENUE 2,500.00 2,500.00 2,500.00 2,500.00 9500.00 2,500.00 2,50a.00 2,500.00 2,600.00 2,500.00 2,500.00 2,60000 $30,000.00 BPMT •MISCELLANEOUS REVENUES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D.00 $0.00 104 Mlscelianeous Revenue 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,259.99 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 $15,006,00 TataIBPMi- MISCELLNEOUSREVENUES -Y 1,250.00 1,250.00 1,250.D0 1,250.00 1,250.00 1260.00 1250.00 1,250.00 1,250.00 1,250.00 1,260.00 1,250.00 $15,000.00 BPMT • PARKING OPERATION INCOME 0,00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 107 Parking Operation Income 0.00 0.00 0,00 0.00 0,00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 $0.00 107.2 Parking Lot Operation Income 62,000.00 62,000.00 62,000,00 62,900.00 62,000,00 0.00 62,000,00 62,000.00 62,000.00 62,A0 62,000.00 52,000.00 $662,000.00 45,000.00 $540,000.00 107,3 City of Miami Parking Income 45,000 00 45,000.00 45,000.00 45,000.00 45,000,00 45,000.00 45,000.00 45,000.00 45,000.00 45,000.0000045,000.00 Total 107 Pwfdnp Operation Income 107,000.00 107,000.00 107,0110.00 107,000.00 107,000.00 45,000.00 107,000.00 107,000.00 107,000.00 107,000.00 1 D7,000 00 107,000.00 $1 222.000.00 Tote) BPMT- PARKING OPERATION INCOME 107,000.00 107,000.00 107,000.00 107,000.00 107,000.00 45,000.00 107,000,00 107,000.00 107,000.00 107,000.00 107,000.00 107,000.00 $1922,006.00 BPMT- SKYVIEW SURCHARGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 SurchargeSkyelew 0,0 35,000.00 35,000.00 35,000.00 35,000.00 35,000.00 35 000.00 35,000.00 35,000.00 35,000.00 5420,000.00 Total SPRIT- Ticket SKYV1EW SURCHARCffi 35,000.00 35,000 00 35,000.00 35,000.00 95,000.00 35,000.00 35,000,00 36,000.00 35,000.00 35,000.00 95,000.00 95,000.00 8420,000.00 Total Income 02,997,936.09 $448,877.09 91,044,790.09 $707,000.09 $372.2114.09 $2,428,82209 9483.908.00 8987,388.09 5389,988.09 $347,905.09 9342329.09 $337,908.01 $9,649.041.00 $2,397,.,.91,044.79050 93809 $44887708 T....91044790.09... $707,000.09 $372,214.09.-....-$2,428,822.09 $483,908,09 1387,383.09 $389,988..- $34 GROSS PROFIT 09 $34?',905.08 9342,328.09 6097,908.01 99,849,041 00 OCT 2024 NOV 2024 DEC 2024 JAN 2025 FEB 2025 MAR 2025 APR 2025 MAY 2025 JUN 2025 JUL 2025 AUG 2025 SEP 2025 TOTAL Wednesday, Jury 31, 2024 0A:41 PM ON'•04:00 5 Bayfront Park Management Trust Corporation Budget Overview: Budget_FY25_P&L - FY25 P&L October 2024 - September 2025 Expenses BPMT• AUTOMOBILE EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 $0.00 3326 Park Vehicle Main!. and Repairs 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.37 64,00000 3330 Galor Maintenance and Repairs 666.67 666.67 666.67 666.67 666,67 866.67 666.67 866.67 666.67 666.67 666.87 666.63 58,900.00 3344 Automobile Expenses 0.00 0.00 0.90 0,00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0,00 $0,00 3326.1 Park Vehi0le Gas 600.00 600.00 609.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 37,2$0,00 3344.1ParkVehiclelnsurance 512.67 512.67 512.67 512.67 512.67 512.67 512.67 512.67 572.67 512.67 512,fi7 512.63 $6,152.00 57.50 57.50 57.50 57.50 57.50 57.50 57.59 57.50 57.50 57.50 57.50 $690.00 Total I3344.5 dle registration Expenses __. _....... iJ70 57.50 ---..._ .17 1,170.77 t,174.17 1,170.17 1.170.17 1,170.17 1,170.17 1,170.17 1,170.17 f,170.t7 1,170.17 7,170.18 S14,O4E.00 Total BPMT- AUTOMOBILE EXPENSES 2,170.17 2,170.17 2,170.17 2,170.17 2,170.17 2,170.17 2,170.17 2,170.17 2,170.17 1,170.17 1,170.17 2,170.19 $ 20,042.00 BPMT - EQUIPMENT RENTAL 0.00 0.00 0.00 D,00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 $0.00 3326 Equipment Leasing and Rentals 0.00 0,00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0,00 0.00 0.00 60.00 3328.1 Equipment RenlallLeasing 1,656.67001,666.67 1,666.67 1,665.67 1,666.67 1,666.67 1,668.67 1,666.67 1,666.67 1,666.67 1,666.67 t,666.63 $20,000.00 3328.2 Equipment Repairs 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.D0 1,500.00 i,500.00 $18,000.00 Total 8326 Equipment Leasing and Rentela 3,166.67 8,166,67 5,168.87 3,168.67 8,166.67' 3,188,87 5,166,87 3,188,67 3,188.87 8,16a,67 3,168,87 3,168.88 $38,000.00 TotaIBPMT-5QUIPMENTRENTAL 8,168,67 8,168,67 5,166,67 8,188,67 3,188,87 8168,87 5,188,87 3,168,67 8,186.57 9,168,67 5,166.87 5,16&68 $881000.00 BPMT- LANDSCAPING & TREE MAINTENANCE 0.0D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $D.00 3313 Landscape Plants and Trees 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3313.1 Baytront Park $D.bD 3313.1.1 Tree Health Monitoring 3,750.00 0.00 0.00 3,750.00 0.00 0.00 3,750.90 0.00 0,00 3,750.00 0.00 0.00 $15AOp.00 3313.1.2 New Plants and 00 250.00 250.00 250.00 250.60 250.00 250 00 250.00 250.00 250,00 250.00 250.00 $3,000.00 ... 'a ..... _......... ........ .. Total 3313.1 rrt Park Shrubs 0000.00 250 D0 250.00 4 000.00 250.00 260.00 4 000.00 250,00 250.00 4400 00 260 00 250.00 $18 400 00 3313.2 Maurice Perre Park 0.00 0.00 0.00 0.00 0.00 0.00 Q.00 0.00 0,00 0.003313.0.00 0.00 $0.00 3313.2.1 Tree Hoa5h Monitoring 250.00 250,00 250.00 250A0 26pA4 250.00 250,00 250.00 250.00 254,D0 250.00 250.00 $3,000.00 2.2 New Plants and Shrubs 1.000.00 1,000.00 1,000.00 1,000.00 1,030.00 1,000.00 1,000.00 LOOD.00 1,000.00 1,D90.D0 1,D00.00 1,000.00 $12,000.bb Toth _.. .... ---- 3319,2MenrlceFerroPazk ....._ ...... 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250,00 1,250.00 1,250.00 1,250.04.._ 1,250.00 1,000.00..... $16,04D.00 Tetet 3313 Landscape Fran end Trees 5,250.00 1,5g0.00 1,600.00 5,250.00 1,500.00 1,50600 5,250.00 1,500.00 1,500.00 5,250,00 1.500.00 1,500.00 S38,0D0.00 3318 Fertilizer and Chemicals $0,00 3318.1 Baylront Park 541,67 541.67 541.67 541.67 541.67 541.67 541.67 541.67 541.67 541.67 541,67 541.63 $6,500.00 3318.2 Maurice Ferro Park 750.00 750,90 750.00 750.00 750.00 750.00 750,00 750.00 750.00 750.00 75D.00 750.00 $9,000.00 Tatat3318FertiikerarndChemk�ls 1,291.67 1,281.67 1,291.67 1,291,87 1,291.67 1,291.67 1,291.67 1,291.67 1,291.67 1,291.67 1,2Bi.87 1,291.63 $15500.00 3356 Facilities Cleaning Contractor 4,500.btl 4,500.00 4,500.00 4,500.00 4,502.00 4,500.00 4,500.00 4,500.06 4,500.00 4,500.00 4,500.00 4,500.00 $54,003.00 4500 Landscaping Services 0,00 0.00 0.00 0.00 0.00 0,03 0.00 0,00 0.00 0.00 0.00 0.00 30.00 4500.1 Baytroni Park Landsc Contractor 4,000.00 4,000.00 4,000.00 4,000.00 4,000.90 4,000AO 4,000.00 4,000.00 4,000.00 4,000,00 4.000.00 4,000.00 $4B4O00,00 4500.2 Maurice A. Form Landsc Contractor 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000AO 4,000.00 4,000,00 4,000.00 4,000.00 4,000.0D a,000.03 $4B,400.00 Tat i 4500 Land scaping Services 8,000.00 8,000.00 8 t100.00 8,000.00 &000.00 8,000.00 8,000.00 8 000.40 8,000,00 8,000.00 6,000,00 8,000,00 698,000.00 Total BPMT - LANDSCAPING &TREE MAINTENANCE 19,041.87 15,291.67 15,291.67 19,041.67 15,291.87 15291.67 19,041.87 15,291.67 15 291.87 19,041.67 15 291.87 15 295.89 51118 500.00 BPMT - LICENSES & PERMITS 0.00 0.00 0.00 0.00 3.00 0.09 0.00 0.00 0.00 0.00 0.00 0.00 $D.00 . 0 1,000.00 1,000.00 1,000.00 7,000.00 1,000.00 1,000.00 1,000.00 1,000.09 1,OW.00 1,000.00 $12,000.00 Total BPIF • LICENSES & PERMITS5506 Permits 1,000.00 1,00110 00 1,000.00 1,900.00 4,000.00 1,000,00 1,000.00 1,000,00 1,000.00 1,000.00 i,000.00 1,Ot1000 $12,000 BPMT - OFFICE & ORAL. ADMIN, EXPENSES 0.00 0.00 p.00 0.00 0.00 D.09 0.00 0.00 0.00 0.00 0.00 0,00 $0.00 117 2 Computer Supplies and Software 90.00 95.00 95.DD 95.00 95.00 95.00 95.00 2,200.00 95.D0 95.00 95.00 95.00 $3,240.Do 1113 Courier 41.67 41.67 41.67 41.67 41.67 41.67 41 .67 41.67 41.67 41 .67 41.67 41.63 $500.00 t 115 Equipment Rental and Malntenanc 250.D0 250.00 250.00 250.94 250.00 250.00 250.00 250.00 250.00 250.00 250,00 250.00 $3,000.90 1118Paslage 100.00 100.00 700,00 100.00 140.00 100.00 100.09 10000100.00 1Q0.09 i00.00 100.90 $1,204.00 1117 Printing 208.33 298.33 208.33 208.33 203.33 208.33 208.33 208,33 208.33 208.33 208.33 208.37 $2,500,00 1118 Orrice Supplies 666.67 666,67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.63 $6,000.00 1119 Phone and Cable Services b.00 0.00 0.00 0.00 0.00 0.00 0.09 0.40 0.00 0.00 0.00 0.00 $0.00 1119.1 Telephone1119.3 Cable 708.33 708.33 708.33 708.33 708.33 708.33 708.33 706.33 708.33 708,33 708.33 706.37 38,500.00 Services 275.00 275 00 275.09 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 275.00 $3,390.00 Total 1119 Pbcna and Cable Services 963.33 983.33 989.33 963.33 963.33 983 S9 989 95 983.33 983.33 9533.3 983.33 988.97 $11,800,00 1125 Meeting Expenses 1,400,00 1,400.00 1,a60.90 1,400.00 1,400.00 1,400.00 1,400.00 1,490A0 1,400.00 1,400,00 1,400.00 1,400.00 $16,8D0.00 1127 Business Expenses 250.00 250.00 250.00 250.00 250.00 250.00 250,00 250.02 250.00 250.00 250,00 250.001129.1 $3,000.00 1129 Property Insurance 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0,30 0.00 0.09 0.00 0.00 $0.00 BaylrontPark 4,166.67 4,1fi6.67 4.166.67 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67 4,166.63 $50,000.00 Total 1129 Propertylnauranos 4185.67 4,18887 4168.67 4,166.67 418887 4,16887 4,186.67 4,168.67 4,166 4,166.67 0 0_ 87 4,196 67 4166 &9 $50,000.00 OCT 2024 NOV 2024 DEC 2024 JAN 2025 FEB 2025 MAR 2025 APR 2025 MAY 2025 JUN 2025 JUL 2025 AUG 2025 SEP 2025 TOTAL 14' do sday,Jul :,i, 20240' :41 " C'MT--"4:00 215 Bayfront Park Management Trust Corporation Budget Overview: Budgel_FY25_P&L - FY25 P&L October 2024 - September 2025 OCT 2024 NOV 2024 DEC 2024 JAN 2025 FEB 2025 MAR 2025 APR 2025 MAY 2025 JUN 2025 JUL 2025 AUG 2025 SEP 2D25 TOTAL 2222 WebsIte Production and Design 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,560.09 2,500.00 2,5D0.00 2,500.00 2,500.00 $30.000.00 3325 Uniforms 1,000.00 1,600A0 1,000.00 1,000.00 1000,00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,090.00 $812,000.D0 Total BPMT- OFFICE &ORALADMIN. FXPENSES 11,858.87 11,681.07 11,661.67 11,681.87 11,831.87 11,661.87 11,661.67 13,766.87 11,881.67 11,661.67 11,881.67 11,861.83 $142,040,00 BPMT - OTHER BUSINESS EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.90 0.00 $0.00 1111 Miscellaneous Expenses 500.00 500.00 500.00 500.00 500,00 500.00 500.00 500,00 500.00 500.00 500,00 500.00 $6,900.00 1136 Bad Debt Expenditure 5,583.33 5,563.33 5583.33 5,583.33 5583.33 5,583.33 5,583.33 5,583.33 5,583.33 5,583.33 5,583.33 5,583,37 $67,000.00 Tota1BPMT -OTHERBUSINESS EXPENSES 13,083.28 8,083.33 8,089.99 6,098.8E 8,083.33 6,089.33 8003.33 8,083.39 8,083.99 ...8,069.38 8,083.33 6,083.37 $79,000.00 BPMT - PAYROLL BENEFITS AND EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.DD 0.00 0.00 0.00 0.00 $0.00 1106.1 Workers Compensation Insurance 2,770.08 2,770.08 2,770.08 2,770.0$ 2,770.08 2,770.08 2,770.0E 2,770,08 2,770.08 2,770.08 2,770,08 2,770.12 $33,2a1.00 1107 He8lth, Dental and Vision Incur 12,833.33 12,833.33 12,833.33 12,833.33 12,833.33 12,833.33 12,B33,33 12,833.33 12,833.33 12,633.33 12,833.63 12,$33.37 $154,000.00 1108 Lite Ins. and Disability Cont. 496.50 426.50 496.50 496.50 496.50 496.50 496.50 496.50 496.50 498.50 496.50 496.50 55,958.09 3308,1 Employees Retirement Plan 2,960.42 2,960,42 2,960.42 2,960.42 2,960.42 2,960.42 2,960A2 2,960.42 2,960.42 2,960.42 2,960.42 2,960,3E 535,525.00 3308.2 Employee Expense Allowance 4,500.00 4,500.00 4,500.00 4,500.00 4,509.00 4,500.0o a,500.00 4,590.00 4,500.00 4,500.90 4,500.00 4,600.00 $54,000.00 Total BPMT- PAYROLL BENEFITS AND EXPENSES 23,580.33 29,560.9E 23,580.39 23,560.33 23,580.93 23,560.33 23,580.33 23,680.33 23,580.93 23,580.33 2%580.33 29,560.37 6282,724.00 BPMT- PAYROLL SALARIES & WAGES 0.00 0.00 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 1100 Salaries and Wages - Administ. 29,950,20 29,950.20 29,950.20 31,598.50 31,588.50 31,598.50 31,598.50 31,598.50 31,598.50 31,598.50 31,598.50 31,598.50 5374,237.10 1106 Payrolling Costs 0.00 0.00 0,00 0.00 0,00 0.00 0.00 0.20 0.00 0.00 0.00 0.00 $0.00 1106.2SS 1,856.92 1,856.92 1,656.92 1,959.11 1,959.11 1,959.11 1,958.11 1,959.11 1,959.11 1,959,11 1,959.11 1,959.11 $23,202.75 1106.3 MED 434.33 434.33 434.33 458.18 458.18 458.18 45$.18 458.18 458.18 458.1$ 458.18 458.18 $5,426.61 Total 1108 Payrolling Costa 2,291.25 228t.25 Z291.25 2,417.28 2,41729 2,417,29 2,417.29 2,417.29 2,41729 2,417.29 2,417.29 2,417.29 28,B29.36 Tots111003elarlesand Wages -Adminlet 32,241.45 32,241.45 32,241A5 34,015.79 34,015.79 34,015.79 54,015.79 34,015.79 34,015.79 34,015.79 34,015.79 34,015.79 $402,868,46 2200 Salaries and Wages - Sp. Event 9,437.50 9,437.50 9,a37.50 10,575.50 10,575.50 10,575.50 10,575.50 10,575.5Q 10,575.50 10,575.50 10,575.56 10,578.50 $123,a92,00 2205 Special Event Payrolling Cosi 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.00 0,00 0.00 $0.00 2205.2 SS 585.13 585.13 585.13 655.68 655.68 655.68 655.68 655,66 655.68 655.68 655.68 655.68 E7,656.51 2205.3 MED 136.Ba 136.84 136.84 153.35 153.35 153.35 153.35 153.35 153.35 153.35 153.35 153.35 51 ,790.67 Total 2205 Special Event Payralling Cost 721.97 721.97 721.97 809.03 macs 809.03 809.03 809.03 009.03 809.03 909,09 809.03 $9,447.18 Total 2200SWrlesand Minos - sp. Event 10,159,47 10,159.47 10,159.47 11,384.53 11,384.53 11,384.53 11,984.53 11,384.53 11,364.53 11,384.53 11,984.53 11,394.63 5132,939.18 3300 Salaries and Wages - Malntenano 50,801.98 50,801.98 50,601,99 50,801.98 50,801,98 50,801.98 50,801.88 50,801.98 50,801.98 50,801.98 50,801,98 59,802.00 5609,623.78 3307 Payrolling Cast 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0,00 0,00 0.00 0.00 0.00 $0.D0 3307.2 56 3,692.25 3,692.25 3,692.25 3,642.25 3,692.25 3,692.25 3,692.25 3,692.25 3,692.25 3,692.25 3,692.25 3,692.25 $44,307.00 3307.3 MED 863.50 863.50 863.50 863.50 863.50 863.50 863.5Q 863.50 663.50 863.50 663.50 663.50 91 Q,3fi2.09 Tota13907 Payrolling Cost 4,555.75 4,555.76 4,555.75 4 ,556.75 4,555.75 4,655.76 4,555.75 4,555.7$ 4,555.75 4,555.75 4,555.75 4,555.75 $64,869.00 3307.1 Maintenance Department Overtime 6,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 8,750.00 $105,090.00 Total 3300SaI9 es and W8gea-Malntenenc 84,107,73 94,107.73 64,107.7E 84,107.73 84,107.73 94,107.73 64,107:73 84,107.73 84,107.7E 64107.7E 84107.78 84,107,76 $769292.7B Total BPMT - PAYROLL SALARIES & WAGES 108,508.85 108.508.85 108,509.85 109,508.05 109,508.05 109.508,05 109,609.05 109,508.05 109,606.05 109,50805 109,605.05 109,60&07 $1,908,093A2 BPMT - PROFESSIONAL FEES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 090 0.00 0.00 0.00 0.00 $0.00 1131.5 Bookeeping services 4,650.00 4,650.00 4,650A0 4,650.00 4,650.00 4,fi50.00 4,650.09 4,550.00 4,650.90 4,650.00 4,650.00 4,fi50.Q0 $55,800.00 1132Audit 1,625.00 1,625.00 1,625.00 1,625.00 1,625.00 1,625.00 1,625.00 1,625.90 1,625.00 1,625.00 1,625.00 1,625.00 $15,800.00 1138 Parking contracted services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 00.00 6,500001138.1 Parking 6,500.00 6,500,00 5,500.00 6,500.00 6,509.00 6,500.00 6,500,00 6,500.00 578,000.00 dant i ng 0,800.00 a560G00 8,5500.00 00.00 13,500.00 6,500.00 B,ZS00.00 6,600.00 8,600.00 8,500.00 6,500.00 6,60000 $7a00000 Total 113a Pwld enoarhacled cservleea 3337 Alarm Monitoring Services 203.00 200.00 200.00 200.00 20090 200.00 200.00 200.00 200.00 200.00 200.90 200.00 $2,400.30 3800 Legal & Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.30 3352 Private Security 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OM$0.90 3352,1 Private Security • Bayfront 24,166.67 24,166.67 24,166.67 24,166,67 24,166,67 24,166.67 24,166,67 24,166.67 24,166.67 24,166.67 24,166.67 24,166.63 5290,000.00 36,250.00 • MAF 36,250.00 36,250,00 36,250.00 36,250.00 36,250.00 36,250.00 36,250.00 36,250.00 36,250.00 35,250,00 36,250.00 6435,000.90 3352.2 ate Security 87 60,418,87 60 418.67 60,416.67 80,416.87 80,418.87 60,4185 TotelSE62vPdvate8ecu B0,4S8 .87 80,45&87 80,4t8.67 BD,416.67 80,416.67 B0,41&$9 $723,000.00 3800.1 Baylrort Park 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.09 0.00 0.00 090 0.00 $090 3800.1.1 40 Year Recertification 12,500.00 12,500.00 12,500,00 12,500.00 12,500.00 12,500.00 12.50D.00 12,500.00 12,500.09 12,500.00 12,50D.00 12,500.00 $150,000,00 0800.1.2BoardMeetingTranscrlptSvc. 1,000.30 1,000.00 1,000.00 1,000,00 1A00.00 1,000.00 1,030.00 1,o00,00 1,000.00 1,000.003 1,000.0051,000.00 $12,0c0.00 3800.1.E Land Surveys and Appraisals 3,333.3E 3,333.3E 3,333.3E 3,333.33 3,333.3E 3,333.3E 3,333.3E 3,333.3E 3,333.3E 3,333.3E 3.333.3E 3,333.37 $40,000.00 Total 3800,1 BaylrorttPerk 18,89388 18,899.99 18,833,33 16,833.3E 15,833.3E 16,633.99 16,639.3E 16,683.3E 18,633.9E 1889EE3 188388E 18,699.37 5202,000.00 Merchant processing 3,500.00 3,500.00 3,500.00 3,000.00 3,500.03 3,500.00 3,500.00 3,500.00 3,500.00 3,520.00 3,500.00 3,500.00 $42,000.00 Trial 3800 Legal & Proleaelonal Peas 80,7ti0.00 60,750.00 80,760.00 80,750.00 60,760.00 64,750.00 80,750.00 80,760.00 80,750.00 80,750.00 80,760.00 80,730.00 $989,000.00 Temporary Help 4,003.00 4,000.00 a,000.00 4,D00.00 a,D00.0o a,00o90 4,000.00 4,000.00 a,000.00 a,000,00 a,000.00 4,000.00 $46,000.00 srednosc.rv. July 31, 2024 04:4 P GM '-04:60 3/5 Bayfront Park Management Trust Corporation Budget Overview: Budget_FY25_P&L - FY25 P&L October 2024 - September 2025 OCT 2024 NOV 2024 DEC 2024 JAN 2025 FEB 2025 MAR 2025 APR 2025 MAY 2025 JUN 2025 JUL 2025 AUG 2025 SEP 2025 TOTAL Total BPMT- PROFESSIONAL FEES 97,725.60 97,725.00 97,725.00 97,725.00 97,725.00 97,725.00 97,725.00 97,72500 97,726.00 97,725.00 97,725.00 97,726.00 91,172,700.00 BPMT- REPAIRS & MAINTENANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3315 Fence and Site Improvements 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 $3,000.00 3317 Exterminator 291.67 291.67 291.67 291.67 291.67 291.67 291,67 291.67 291,67 291.67 291.67 291,63 $3,500.00 3320 General Park Contractor 0.00 0,00 0.00 0,00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0,00 $0.00 3320.2 Maurice Ferro Park 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 Sculptures Maintenance 750.00 750.00 750.00 750.00 750.00 760.00 750.00 750.00 750.00 750.00 750.00 750.00 $9,000.00 Total 3320.2 Maudoe Farm Park 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 59;000.00 Total 3820 General Park Contractor 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 760.00 750.00 59,000.00 3324 Painting and Accessories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3324.1 Bayfront Park 1,000.00 1,000.00 1,000,00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000,00 $12,000.00 3324.2 Maurice Total9924Pal a Perm 666.67 666.67 666,67 666.87 666.67666.67 666.63 201,000.00 Painting end Accessories 1,666.67 1,H88.87 1,868.67 1,988.97 1,666.67 1,6138.67 1,686.87 1,888.67 1,686.67 1,868.87 1,866.87 1, 0:9 4120,000.00 3331 Pads Electrician Ongoing Malnt. 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000,00 1,000.00 1,000.00 512,000,00 3332 Lift Station and Pump Services 2,100.00 0.00 0.00 4,200.00 0.00 0.00 2,100.00 0.00 0.00 4,200.00 0.00 0.00 $12,600.00 3333 Electrical Maintenance Material 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3333.1 Bayfront Park 916.67 916.67 916.67 916.67 916.67 916,67 916.67 916,67 916.67 916.67 916.67 916.63 $11,000.00 3333.2 Maurice Ferro Park 583.33 563.33 583.33 583.33 583.33 583.33 583.33 563.33 583.33 583.33 583.33 583.37 57,000,00 Total 3393 Elearlcal Melmarterroe Material 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,800.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 518,000. .flD 3349 General Plumbing Repair and M 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3349.1 Bayfront Park 416.67 416.67 416,67 415.67 416.67 416.67 416.67 416.67 416.67 416.67 415.67 416.63 55,000.00 398.253349.2 Maurice 398.25 396.25 398.25 398.25 398.25 395,25 398.25 54,779.00 Total 3349 General rre Park 398.25 398.25 398.25 396.25 Plumbing Repair end M 814.92 814.92 814.92 814.92 81 4.92 814.92 814.92 814.92 814.92 814.92 814.92 814.88 99,779.00 3350 Maintenance of IrdgatIon Pumps 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3350.1 Bayfront Park 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 $6,000.00 3350.2 Maurice Pere Park 500.00 500.00 500.00 500.00 500.00 500,00 500.00 500.00 500.00 500.00 500.00 500.00 $6,000.00 Total 3350Maintenance olirrigation Pumps 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1.000.00 1,000.00 1,000.00 1,000.00 1,060.00 1,000.00 1,000.00 512,000.00 3359 Repairs & Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3359.1 Bayfront Park 3,333.33 3,333,33 3,333.33 3,333.33 3,333.33 3,333.33 3,333.33 3,338.33 3,333.33 3,333.33 3,333.33 8,333,37 $40,000.00 3359,2 Maurice A. Ferro Park 1,844.42 1,844,42 1,844.42 1,844.42 1,844.42 1,844,42 1,844.42 1,844A2 1,844.42 1,644.42 1,84-4.42 1,844.38 $22,133.00 Total 3359Repairs &Maintenance 5,177.75 5,177.75 5,177.75 5,177.75 5,177.75 5,177.75 5,177.75 5,177.75 5,177.75 5,177,75 5,177.75 5,177.75 $62,133.00 TotalBPMr- REPAIRS&MAINTENANCE 14,551.01 12,451.01 12,451.01 18,651.01 12,451.01 12,451.01 14,551.01 12,451.01 12,451.01 18,851.01 12,451.01 12,460.69 9162,012.00 SPMT • SPONSORED EVENTS & ENTERTAINMENT 000 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 $0.00 2218 BPMT Sponsored Events 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80.00 2216.3 SPMT Sponsored New Year's Eve 0,00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 2218.3.1 Miami Police/Security Services 0.00 0.00 60,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 260,000.00 2218.3.2 Fro Department Services 0.00 0.00 25,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 525,000.00 2218.3.3 Talent 0.00 0.00 300,000.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 $300,000.00 2218,3.4 Fireworks 0.00 0.00 80,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 $80,000.00 2218,3.5 Stage Sat UP and Fencing 0.00 0.00 600,000,00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5600,000.00 2218.3.6 Toilots/Wash Stations/Cleaning Svcs. 0,00 0.00 10,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $10,000.00 2218.3.8 Sponsorod Events Permits NYE 0.00 0.00 2,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $2,500.00 2218.3.9 Marketing & Promotion 0.00 0.00 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $5,000.90 Total 2218.3 BPMT Sponsored New Years Eve 0.00 0.00 1,082,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $1,082,500.00 22165 Fourth of July. 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0,00 2218.5.1 Miami Police/Security Services 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30,000,00 0.00 0.00 $30,000.00 2218.5.2 Pre Department Services 0.00 0.00 0.00 0,00 0.00 0,00 0.00 0,00 0.00 10,000.00 0.00 0.00 $10,000.00 2218.5.3 Talent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120,000.00 0.00 0.00 $120,000.00 2218.5.4 Fireworks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80,000.00 0.00 0.00 $80,000.00 2218.5.5 Stage Sot Up and Fencing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48,500.00 0.00 0.00 $48,500.00 2218.5.6 Tollats+wash Statlons/Cleaning Svcs. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,000.00 0.00 0.00 36,000.00 2218.5.8 Sponsored Events Pemllts 4th July 0.00 0.00 0,00 0.00 0.00 0.00 0,00 0.00 0.00 2,500.00 0.00 0.00 $2,500,00 Marketing2218.5.9 PromotIon 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,000.00 0.00 0.00 $3,000.00 ... Total 2218.5Fourth arJuy 0.00 -_.. 0.00 0.00 0.00 0.00 -.._. 0.00 0.000. --.. 0.00 0.00 300,000.00 0.000 0.00 5300,000.00 Total 2218 BPMT Sponsored Events 0.00 0.00 1,08$500.00 0.00 0.00 0.00 0.00 0.00 __-- _-.. 0.00 300,000.00 0.00 0.00 $1,382,500.00 Total BPMT - 'SPONSORED EVENTS &ENTERTAINMENT 0.00 0.00 1,062,500.00 0.00 0.00 0.00 0.00 0.00 0.00 900,000.00 0.00 0.00 $082,500.00 Wednesday, July 3':, 2024 04:41 PM GMT-04A0 4/5 Bayfront Park Management Trust Corporation Budget Overview: Budget FY25_P&L - FY25 P&L October 2024 - September 2025 OCT 2024 NOV 2024 DEC 2024 JAN 2025 FEB 2025 MAR 2025 APR 2025 MAY 2025 JUN 2025 JUL 2025 AUG 2025 SEP 2025 TOTAL BPMT - SUPPLIES & MATERIALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 $0.00 3319 Signage 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3319.1 Baytront Park -Signage 250.00 260.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250,00 250A0 250.00 $3,400,90 3319,2 Maurice A. Ferro Park - Signage 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 83,000.00 g 500.00 69D,00 800 00 t109.90 500.00 500.00 500.00 500.00 500.00 500. Total n00 600,00 600.00 $6,000.00 3329Miscellaneous Supplkes 000,00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000,00 1,000.00 1,000,00 000.00 1,004,00 1,000.00 $12,000.00 3346Cleaning Supplles 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3346.4 Trash Bags 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 750.00 $9,D40.04 3346.2 Hand Towels 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.33 333.37 $4,000.00 3346.3 Toilet Tissue 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 254,00 250.00 $3,000,00 3346.4 Hand Soap 166.67 166.67 166.67 166,67 166.67 166,67 166.87 166.67 166.67 166.67 166.67 166,63 $2,000.00 3346.5 Bleach a1.67 41.67 41.67 4L87 41.67 a1,67 41.87 41.67 41.67 41.67 41.67 41,63 9500.00 3346.6 Dog bags 790.92 790.92 780.92 790,92 790.92 790.92 790.92 790.92 790.92 790.92 790.92 790,88 $9,401.00 Total3348 Cleaning Supplies 2,332.69 2,332.69 2,33259 2,392.59 2,332.59 2,332.59 2,932.69 2,982,59 2,332.59 2,332.59 2,332.69 2,832.51 $$9,491.00 3351 Turf and Irrigation Supplies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0,00 3351.1 Baytront Park 1,347.42 1,347.42 1,347.42 1,347.42 1,347.42 1,347.42 1,347.42 1,347,42 1,347.a2 1,347.42 1,347.42 1,347.38 916,169,00 Total3381TurfandlrrlgalonSuppliea 1,347.42 1,347.42 1,947,42 1,947.42 1,347.42 1,347.42 1,347.42 1,347.42 1,347.42 194742 154742 1947.98 916,189,00 TotalBPMT-SUPPLIES&MATERIALS 5,180,01 5,160.01 5,180.01 5,180.0i 6,180,0i A180.01 5,180.01 6,180,01 6,180.01 5,180A1 8,180.01 5,176.69 962,180.00 BPMT-UTILITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 3336 Miami•Dade County Water and Sew 54,166.67 54,166.67 54,166.67 54,166.67 54,166.67 54,166.67 64,166.67 54,166.67 54,166.67 54,168.67 54,166.67 54,166.63 $650,000.00 3339 FP&L 16,375.00 16,375.00 16,375.00 16,375.00 16,375.00 16,375.00 16,375.00 16,375.00 16,375.09 16,375.00 16,375.00 16,375.00 6196,500.09 W TctBPMT• Utilities1U71LITIES 7'0,64 1.67 70,541.67 70,541.67 70541,87 70$41.87 717,641.67 70,541,87 70,641.67 70,641.67 70,641.67 70,541.67 70.541.63 046,500.00 Total Expenses 9361,185.18 065,340.18 91,437,840.18 9368,289.58 9358,339.56 9358639.58 9364,189.58 1360.444.58' 9358,398.68 $888,289.68 $858,358 $358.939.24 95.708,278.42 646 51 �.... ..... .. .-- NET OPERATING INCOME 12,088,752.81 999r538.91 $^398,050.09 9340,710.51 918,874.51 $2,070,482Ji1 989,718.51 $28,918.Si $11,84851 9-018,38449 9-18,010.49 9-20,491.29 0,945,784.58 Other Income Interest Income & Dividends Total Other Income Other Expenses 7700 Depreciation Expense Total Other Exp9nsaa NET OTHER INCOME NET INCOME 87,083.33 87,083,33 87,083.33 87,083.33 87,083.33 67,083.33 87,083.33 87,083.33 87,083.33 87,083.33 87,083.33 67,083.37 $1,045,000.00 $87,093.39 587,083.93 987,089,33 1,87,089.33 07,063.33 07,083.33 987,033.33 187,083.33 $87,083.33 $87,08323 567,053.33 07,083.37 $1,045,000.00 65,977.90 $6,977,90 55,977.90 55,977.90 55,977.90 55,977.90 55,977,90 55,977.90 55,977.90 55,977.90 55,977.90 55,977.88 $671,734.78 $65,977.90 05,1377.90 $56,977.90 $55,977.90 956,977.90 955,977.90 955,977,90 $55,977.90 $55,977.90 05,977.90 956,977.90 956,977.68 9871,734.78 931,105.43 $31,105.43 981,105A3 581,105.43 631,105.43 $31,105.43 931,105.43 $31,105.43 $91,105.43 $31,105.43 $31,105.43 931,105.49 1378,28522 92,067,858.34 $124,642.34 $-361.944,66 S371,616.64 944,979.94 92,101,567.94 $130,623.94 $58,023,94 $42,751.94 $-287,279.08 $15,094.94 910,67428 $ ,319,029.80 July 31, 2024.14,.* 515 BAYFRONT PARK MANAGEMENT TRUST M1AM1 NOTES TO PROPOSED BUDGET Bayfront Park Management Trust - Operating Budget Notes to Proposed Budget for 2024/2025 General Revenue 202 Amphitheater Operation & Management: Proposed $1,002,941. This revenue is based on the management agreement with Live Nation. 101 Boat Dock Income: Proposed $792,000. Revenue based on North and South docks rental. 105 Concessions: Proposed $1,199,600. Use fee based on agreements with park concessionaires (Food Trucks), Billboards and Antenna towers. 201 Event Rental Income: Proposed $2,402,5000. Event Rental income is based on revenue generated by the Ultra Music Festival as well as returning events like OBE Worldwide and other fitness events. 103 Film and Video Location Rental: Proposed $30,000. Revenue based on prior years' experience. 311 Global Agreement Reimbursement: Proposed $2,000,000. Funds to be used for Capital Improvement only. Based on the agreement with different Miami -Dade County and the Omni CRA. 222 Special Events Grants: Proposed $535,000. Represents grants received for special events from the City of Miami, Miami -Dade County and the Miami DDA . 106 Marquee Revenue: Proposed $30,000. Revenue based on prior years' experience. 104 Miscellaneous Revenue: Proposed $15,000. Revenue based on previous years' experience. 107 Parking Operation Income: Proposed $1,222,000. Revenue projection based on parking operation and the agreement with the City of Miami for street parking. Skyview Surcharge: Proposed $420,000. Use fees based on surcharge agreement. Administrative Expenses BPMT-AUTOMOBILE EXPENSES 3326 Park Vehicle Maintenance and Repairs: Proposed $4,000. These funds will be used for routine maintenance and repairs of the Park's pick-up trucks. This will include tires, tune- ups and complete vehicle maintenance. 3330 Gator Maintenance & Repairs: Proposed $8,000. These funds will be used for maintenance and repair of the Trust's five John Deere Gators. 3326.1 Park Vehicle Gas: Proposed $7,200. These funds will be used for gas expenses for all our fleet. 3344.1 Park Vehicle Insurance: Proposed $6,152. These funds will be used to purchase insurance for the Park's trucks; funds also be used to purchase vehicle registration fee $500. 3344.5 Vehicle Registration: Proposed $690. These funds will be used to purchase vehicle registration fees. BPMT - EQUIPMENT RENTAL 3328.1 Equipment Leasing & Rentals: Proposed $20,000. These funds will cover the cost of a wide range of equipment rentals necessary for the ongoing maintenance of Bayfront and Maurice Ferre Park. 3328.2 Equipment Repairs: Proposed $18,000. These funds will cover the cost of a wide range of equipment repairs necessary for the ongoing maintenance of Bayfront and Maurice Ferre Park. 3329 Miscellaneous Supplies: Proposed $10,000. These funds will allow designated staff members to purchase miscellaneous supplies as the need arises. BPMT - LANDSCAPING & TREE MAINTENANCE 3313.1.1 Tree Health Monitoring: Proposed $15,000 for Bayfront Park and Maurice Ferre Park. These funds will be used to pay for professional services to monitor the health of our trees. 3313.1.2 New Plants and Shrubs: Proposed $15,000. for Bayfront Park and Maurice Ferre Park. These funds will be used to replace damaged or dying plants as needed. 3318 Fertilizer & Chemicals: Proposed $15,000. These funds will be used to fertilize the turf, palms, shrubs and deciduous trees in Bayfront and Maurice Ferre Park. 3356 Facilities Cleaning Contractor: Proposed $108,000. Cleaning services are provided for both parks. 4500 Landscaping Services: Proposed $96,000. Landscaping Maintenance for both parks. BPMT- LICENSES AND PERMITS 5506 Permits: Proposed $12,000. For services provided to request permits for the office and events. BPMT-OFFICE AND GRAL. ADMIN. EXPENSES 1112 Computer Supplies and Software: Proposed $3,240. For the annual renewal. of the accounting software and other required add-ons. 1113 Courier: Proposed $500. These funds will be used to procure courier services. 1115 Equipment Rental/Maintenance: Proposed $3,000. These funds will be used for office equipment rental, lease and maintenance contracts. Includes the postage machine and the copier. 1116 Postage: Proposed $1,200. These funds will be used to purchase postage and the ren 1117 Printing: Proposed $2,500. These funds will be used to pay expenses related to printing. 1118 Office Supplies: Proposed $8,000. These funds will be used to purchase office supplies. 1119 Telephone and Cable Services: Proposed $11,800. These funds will be used to procure telephones. 1125 Meeting Expenses: Proposed $16,800. These funds will be used for expenses associated with the monthly Board Meetings and employee's appreciation meetings of the Bayfront Park Management Trust. 1127 Business Expenses: Proposed $3,000. These funds will be used for general business expenses. 1129 Property Insurance: Proposed $50,000. These funds will be used to purchase Property Insurance for Trust property not adequately covered by the City of Miami Self Insurance Fund. 2222 Website Production and Design: Proposed $30,000. These funds will be used to pay for website production and design services for the Bayfront Park Management Trust website. 3325 Uniforms: Proposed $12,000. These funds are used to purchase and maintain uniforms for the park maintenance staff. 1111 Miscellaneous Expenses: Proposed $6,000. These funds will be used for miscellaneous purchases of goods or services required during the year. 1136 Bad Debt: Proposed 67,000. This is an estimate for the invoices deemed to be uncollectible. BPMT-PAYROLL BENEFITS AND EXPENSES 1106 Worker's Compensation Insurance: proposed $33,241. These funds will be used to purchase workers' compensation insurance for Trust administrative employees. 1107 Health & Dental Insurance Contribution: Proposed $154,000. These funds will be used to purchase health, dental and vision insurance for Trust employees. 1108 Life Insurance & Disability Contribution: Proposed $5,958. These funds will be used to purchase Life and disability insurance for Trust employees. 3308.1 Employees' Retirement Plan: Proposed $35,525. These funds will be used for the Executive Director and employees' retirement plan. 3308.2 Employees Expense Allowance: Proposed $54,000. These funds will be used to give each employee an allowance of $300.00 monthly to help with the rising cost of living. BPMT - PAYROLL SALARIES AND WAGES 1100 Salaries and Wages Admin.: Proposed $374,237. This includes the salary of the administrative employees who provide overall management for the Bayfront Park Management Trust. Payroll costs of the administrative employees are proposed for $79,509. 2200 Salaries and Wages - Sp. Events: Proposed $123,492. This includes the salary of the Event Manager as well as the consideration of a new Event Coordinator. Payroll costs of the Event Dept. employees is proposed for $9,447. 2201 Salaries and Wages Maintenance: Proposed $609,623. This includes the potential hiring of 3 new maintenance technicians and a new tree and garden expert. Payroll Cost is proposed for $54,669, which includes the cost for the proposed overtime of $105,000. Temporary Help: Proposed $48,000. These funds are allocated to cover for the temporary Operation Manager and any additional help needed. BPMT- PROFESSIONAL FEES 1131 Bookkeeping Services: Proposed $55,800. These funds will be used for the Bayfront Park Management Trust bookkeeping service. 1132 Audit: Proposed $19,500. These funds will be used to procure the annual audit of the Trust's finances. 1138 Parking Attendant Service: Proposed $78,000. These funds will be use to pay extended time for parking service. 3337 Alarm Monitoring Services: Proposed $2,400. These funds will be used for alarm monitoring services in the administrative offices. 3352 Private Security: Proposed $725,000. These funds will be used to hire private security from an existing City of Miami contractor to provide 24-hour security in Bayfront Park and Maurice Ferre Park. 3800.1.1 40 Year Recertification: Proposed $150,000 to be allocated for the 40 Year Recertification due for the building at Bayfront Park. 3800.1.2 Board meeting Transcript Services: Proposed $12,000 to pay for the transcript services provided at the board meetings. 3800.1.3 Land Surveys and Appraisals: Proposed $40,000. Funds to be allocated for land assessments and surveys as required. 3800.1.3 Land Surveys and Appraisals: Proposed $40,000. Funds to be allocated for land assessments and surveys as required. Merchant Processing Fees: Proposed $42,000. These funds are deducted from parking lot income from the merchant company that services our card reading machines. BPMT- REPAIRS & MAINTENANCE 3315 Fence and Site improvements: Proposed 3,000. These funds will be used for expenses associated with the maintenance of the fence around the property. 3317 Exterminator: proposed $3,500. These funds will be used for a contract exterminator, to keep rodents and insects to a minimum in Trust facilities. Sculptures Maintenance proposed $9,000. These funds will be used to maintain and upgrade Bayfront and Maurice Ferre Parks' sculptures. 3324 Painting and Accessories: Proposed $20,000. These funds will be used to contract a painting service provider and painting materials to paint the Bayfront Park Offices and around both parks. 3331 Park Electrician Ongoing Maint.: Proposed $12,000. These funds will be allocated for the need of electrical work around the office and Parks. 3332 Lift Station and Pump Services: Proposed $12,600. These funds will be allocated for expenses related to the lift station and the pumps around both Parks. 3333 Electrical Maintenance Material: Proposed $18,000. These funds will be used for receptacles and miscellaneous hardware related to the Bayfront Park electrical system. This will cover most receptacles within park buildings, admin. Offices, service buildings and amphitheater. 3349 General Plumbing Repair and Maintenance: Proposed $9,779. These funds will be used for plumbing repair and maintenance throughout Bayfront Park, all restrooms, toilets, sinks, and showers in the amphitheater, south end service building, light tower complex, and administrative offices. 3350 Maintenance of Irrigation Pumps: Proposed $12,000. These funds will be used to maintain the Park's irrigation pumps, located in the pump station adjacent to the Mildred & Claude Pepper Fountain and the south -end service building. 3359 Repairs & Maintenance: Proposed $62,133. These funds will be used for unforeseen expenses associated with both parks caused by rain, strong winds, etc. BPMT-SPONSORED EVENTS &ENTERTAIMENT Fourth of July: Proposed $300,000. These funds will be allocated for the 4th of July event. New Year's Eve: Proposed $1,082,500. These funds will be allocated for the New Years event. BPMT-SUPPLIES AND MATERIAL 3319 Signage: Proposed $6,000. These funds will be used for maintenance of existing signage in Bayfront Park and Maurice Ferre Park. 3329 Miscellaneous Supplies: Proposed $12,000. These funds will be used to purchase supplies and other materials needed around the office and parks. 3346 Cleaning Supplies: Proposed $9,000. These funds will be used to purchase cleaning supplies and other materials needed to keep the park's administrative offices clean. 3346.1 Trash Bags: Proposed $9,000. These funds will be used to purchase trash bags for all park needs. 3346.2 Hand Towels: Proposed $4,000. These funds will be used to purchase hand towels for use in the park's restrooms. 3346.3 Toilet Tissue: Proposed $3,000. These funds will be used to purchase toilet tissue for use in the park's restrooms. 3346.4 Hand Soap: Proposed $2,000. These funds will be used to purchase hand soap for use in the park's restrooms. 3346.5 Bleach: Proposed $500. These funds will be used to purchase bleach for use in the park's restrooms. 3346.5 Doggy Bags: Proposed $9,491. These funds will be used to purchase doggie bags for use in park's common areas. 3351 Turf and Irrigation Supplies: Proposed $16,169. These funds will be used to maintain and upgrade Bayfront and Museum Parks' turf and irrigation system. BPMT - UTILITIES 3338 Miami -Dade County Water and Sewer: Proposed $650,000. These funds will be used for ail water and sewage services supplied by Miami -Dade County Water & Sewer Department. 3339 FP&L Utilities: Proposed $196,500. These funds will be used to purchase electrical services from FP&L and include an increase to cover projected rate changes. OTHER INCOME Interest Income and dividends: Proposed $1,045,000. Interest income from bank deposits. BAYFRONTPARK MANAGEMENT TRUST MIAMI BAYFRONT PARK MANAGEMENT TRUST CAPITAL IMPROVEMENT BUDGET FISCAL YEAR 2024/2025 Capital Improvements Funds Total $22,530,000.00 Bayfront Park: Fountain reconstruction: $6.5M Rock Garden $350K Landscaping $50K Fencing at Bayfront Park $150K Expansion of War Memorial $125K improvements at Bayfront Park $1.5M (benches, lightning, monuments, promenade) Office building improvements $2.OM Promenade $2.0M Dock Repairs $350K New Playground Equipment $1.5M Flower Clock $325K New Pick-up Truck $40K New Polaris $15K Total $14.9M Maurice Ferre Park: Grading Leveling for Improvements: $550K Play Area Fencing $275K Play Area Equipment $2.5M Lightning $750K Landscape Design $300K Sewall Repair $750K New Fountain $2.5M Total $5.12M