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HomeMy WebLinkAboutSubmittal-Budget Dept.-Assumed Changes from FY11 City of Miami Adopted BudgetAssumed changes from FY11 Adopted Revenues Real Property Taxable Value -loss 3.8% flat millage Total Franchise Fees and Other Taxes Total Transfers -In Total Fines and Forfeitures (Red Lights Cameras) Total Intergovernmental Revenue (Off -Street Parking) Total Licenses and Permits Total Other Revenues (Miscellaneous Revenue) Total Revenue Changes Expenditures Total Salaries & Fringes (Vacancies) Pension Insurance -10% increase Total Operating Expenses (Market -Fuel, Utilities, Scale Fees) Total Expenditures 6/18/11 - $54m (9.70) 1.10 (10.85) (9.00) (2.00) (0.03) (1.00) €ubmitted Into the public record in connection with item DS. 1 on 40/z.Vii Dec-2010 Original Forecast AssumptioneriSCilla A. Thompson $21.9m2 City Clerk Revenues Real Property Taxable Value -loss 7% flat millage Total Franchise Fees and Other Taxes Total Transfers -In Total Fines and Forfeitures (Red Lights Cameras Total Intergovernmental Revenue (Off -Street Parking) Total Licenses and Permits Total Other Revenues (Miscellaneous Revenue) (31.48) Total Revenue Changes Expenditures 10.25 Total Salaries & Fringes (Vacancies) 7.11 Pension 3.00 Insurance -Annualized Savings from Group Insurance Total Operating Expenses (Market -Fuel, Utilities, 1.93 Scale Fees) 22.29 Total General Fund Impact (53.77) Estimated Parking Rental Proceeds from Marlins Stadium -After complete exhaustion of CDT Funds for Debt repayment Estimated Shortfall Including Rental Proceeds - c:205-5z2 — SC, i6 (17.88) (0.42) (10.40) 2.00 0.00 0.00 0.00 (26.70) (4.99) 5.76 (2.30) 0.57 (0.96) Total General Fund Impact (25.74) Estimated Parking Rental Proceeds from Marlins Stadium -After complete exhaustion of CDT Funds for 0.00 Debt repayment (53.77) Estimated Shortfall Including Rental Proceeds 3.80 (21 94) Change 8.18 1.52 (0.45) (11.00) (2.00) (0.03) (1.00) (4.78) 15.24 1.35 5.30 1.36 0.00 23.25 0.00 (28.03) 0.00 0.00 (3.80) 0.00 (31.83) 05'50v)7ed Cirr-44-7es- fKok-fr) Ffit Citj of tmarn Rdoeted ek4921