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Home My WebLink AboutExhibit 1SEOPW CRA GENERAL OPERATING BUDGET FY 2012 Amended Budget General Operating Fund Revenues FY 2011 CARRYOVER SPECIAL REVENUE FUND BALANCE $100,000 OTHER INTERFUND TRANSFERS - FY 2012 TIF Revenue Share-SEOPW Special Revenue $913,886 Fund TOTAL REVENUES $1,013,886 Expenditures REGULAR SALARIES $439,705 OTHER SALARIES S21,500 FICA TAXES $35,176 LIFE AND HEALTH INSURANCE $48,600 RETIREMENT CONTRIBUTION $22,471 FRINGE BENEFITS $7,350 OTHER CONTRACTUAL SERVICE $42,945 TRAVEL AND PER DIEM $10,000 COMMUNICATIONS $2,750 UTILITY SERVICE $36,100 INSURANCE $31500 OTHER CURRENT CHARGE $4,250 SUPPLIES $6,000 OPERATING SUPPLIES 55,000 SUBSCRIPTION MEMBERSHIP $3,000 MACHINERY AND EQUIPMENT $11500 ADVERTISING $15,000 RENTAL AND LEASES $78,288 POSTAGE $1,500 REPAIR/MAINTENANCE - OUTSIDE $1,750 INTERFUND TRANSFER $23,500 BUDGET RESERVE $166,001 TOTAL EXPENDITURES $1,013,886 REVENUE LESS EXPENDITURES 50 FY 2012 SEOPW General Operating Budget FY 2012 SEOPW Spedal Revenue Budget % of Total Special Revenue Budget $1,013,886 $32579,287 3% SEOPW SPECIAL REVENUE FUND BUDGET FY 2012 Amended Budget SEOPW Special Revenue Revenues * ADVALOREM TAXES - CITY OF MIAMI $4,951,081 * ADVALOREM TAXES - MIAMI DADE COUNTY $3,147,216 CARRYOVER FUND BALANCE $24,480,990 OTHER NON -OPERATING TOTAL REVENUES $32,579,287 Expenditures PROFESSIONAL SERVICES - LEGAL $205,000 ACCOUNTING AND AUDIT $28,50D PROFESSIONAL SERVICES - OTHER 5485,15D OTHER CONTRACTUAL SERVICES $213,886 LAND 5847,500 INTERFUND TRANSFER (Debt Service) $1,496,695 INTERFUND TRANSFER (Administration) $1,013,886 INTERFUND TRANSFER (Grant) $356,330 CONSTRUCTION IN PROGRESS $19,040,141 OTHER GRANTS AND AIDS $8,792,199 BUDGET RESERVE $100,000 TOTAL EXPENDITURES $32,579,287 REVENUE LESS EXPENDITURES So * Taxable Value in the CRA District - (Attached DR-422 Form) Less Base Value (1982) Tax Increment Value Divided by Multiplied by City Milage (Actual) County Millage (Actual) Gross Ad Valorem - City of Miami Gross Ad Valorem -Miami Dade County FY 2009 -Adjustment Detail - Value Adjustment Board Divided by Multiplied by City Millage (Actual) County Millage (Actual) FY 2005 - Adjustment Detall - Value Adjustment Board (City) FY 2009 -Adjustment Detail - Value Adjustment Board (County) Net Ad Valorem -Gty of Miami 5929,997,146 ($78,305,502) 5851,691,544 $1,000 95% 7.5710 4.8050 56,125,750 $3,867,759 5161,127,628 51,000 95% 7.5740 4.8379 (1,174,668.75) (740,54338) 54,951,081 Net Ad Valorem - Miami Dade County $3,147,216 OMNI CRA GENERAL OPERATING BUDGET FY2012 Amended Budget General Operating Fund Revenues FY 2011 ESTIMATED CARRYOVER FUND BALANCE - GENERAL FUND OTHER INTERFUND TRANSFERS - Estimated FY 2012TIF Revenue Share-OMNI Special $1,033,174 Revenue Fund TOTAL REVENUES $1,033,174 Expenditures REGULAR SALARIES $439,705 OTHER SALARIES $21,500 FICA TAXES $35,176 LIFE AND HEALTH INSURANCE $60,640 RETIREMENT CONTRIBUTION $27,249 FRINGE BENEFITS $7,350 OTHER CONTRACTUAL SERVICE $5,015 TRAVEL AND PER DIEM $10,000 COMMUNICATIONS $2,750 UTIUTY SERVICE $22,500 INSURANCE $80500 OTHER CURRENT CHARGE $4,250 SUPPLIES 56,000 OPERATING SUPPLIES $5,000 SUBSCRIPTION MEMBERSHIP $3,000 MACHINERY AND EQUIPMENT $11,500 ADYERTl51NG $15,000 RENTAL AND LEASES $78,288 POSTAGE $1,500 REPAIR/MAINTENANCE - OUTSIDE $1,750 INTERFUND TRANSFER $23,500 BUDGET RESERVE $171,000 TOTAL EXPENDITURES $1,033,174 REVENUE LESS EXPENDITURES $0 FY 2012 OMNI General Operating Budget FY 2012 OMNI Special Revenue Budget % ofTotal Special Revenue Budget $1,033,174 $33,175,706 3% OMNI SPECIAL REVENUE FUND BUDGET t FY 2012 Amended Budget OMNI Special Revenue Revenues * AD VALOREM - CITY OF MIAMI $2,764,458 * AD VALOREM - MIAMI DADE COUNTY $1,760,167 M ISC -INTEREST CARRYOVER FUND BALANCE $28,651,081 TOTAL REVENUES $33,175,706 • Expenditures PROFESSIONAL SERVICES - LEGAL $84,871 ACCOUNTING AND AUDIT . $7,000 PROFESSIONAL SERVICES - OTHER $112,510 OTHER CONTRACTUAL SERVICES $151,122 INTERFUND TRANSFER (Administration) $1,033,174 'OTHER CURRENT CHARGES AND OBLIG $2,513,119 INTERFUND TRANSFER (Debt Service) $7,156,893 INTERFUND TRANSFER (Grant) $399,754 CONSTRUCTION IN PROGRESS $17,442,484 DTHER GRANTS AND AIDS $4,174,780 BUDGET RESERVE $100,000 TOTAL EXPENDITURES $33,175,706 REVENUE LESS EXPENDITURES So * Taxable Value in the CRA District - (Attached DR-422 Form) Less Base Value (1986) Tax Increment Value Divided by Multiplied by Oty Mlllage (Actual) County Mlllage (Actual) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2009 Adjustment Detall (Adjustment Board) Divided by Multiplied by City Mlllage (Actual) County Mlllage (Actual) FY 2010 Estimated Ad Valorem Adjustment (Clty 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% 7.571 4.805 $4,106,944 52,606,507 $184,145,760 $1,000 95% 7.674 4.8379 (1,342,485.12) (846,339.45) $2,764,458 • $1,760,167 MIDTOWN CRA GENERAL OPERATING BUDGET FY 2012 Amended Budget General Operating Fund Revenues FY 2011 ESTIMATED CARRYOVER FUND BALANCE - GENERAL FUND OTHER INTERFUND TRANSFERS - Estimated FY 2012 TIF Revenue Share -MIDTOWN $5,000 Special Revenue Fund . TOTAL REVENUES $5,000 Expenditures REGULAR SALARIES $0 OTHER SALARIES $0 FICA TAXES $0 LIFE AND HEALTH INSURANCE $0 RETIREMENT CONTRIBUTION $0 FRINGE BENEFITS $0 OTHER CONTRACTUAL SERVICE $0 TRAVEL AND PER DIEM $0 COMMUNICATIONS $0 UTILITY SERVICE $0 INSURANCE $0 OTHER CURRENT CHARGE $0 SUPPLIES $0 OPERATING SUPPLIES $0 SUBSCRIPTION MEMBERSHIP $0 MACHINERY AND EQUIPMENT $0 ADVERTISING $0 RENTAL AND LEASES $0 POSTAGE SO REPAIR/MAINTENANCE - OUTSIDE $0 INTERFUND TRANSFER $O BUDGET RESERVE $5,000 TOTAL EXPENDITURES $5,000 REVENUE LESS EXPENDITURES $0 FY 2012 MIDTOWN General Operating Budget FY 2012 MIDTOWN Special Revenue Budget % of Total Special Revenue Budget 55,00D $1,636,727 031% MIDTOWN SPECIAL REVENUE FUND BUDGET FY 2012 Budget - MIDTOWN Special Revenue 1 Revenues * AD VALOREM - CITY OF MIAMI 51,001,196 * AD VALOREM - MIAMI DADE COUNTY $635,531 MISC -INTEREST CARRYOVER FUND BALANCE TOTAL REVENUES $1,636,727 Expenditures PROFESSIONAL SERVICES - LEGAL $0 ACCOUNTING AND AUDIT $3,000 PROFESSIONAL SERVICES - OTHER $0 OTHER CONTRACTUAL SERVICES $0 INTERFUND TRANSFER (Administration) $5,000 INTERFUND TRANSFER (Grant) $0 OTHER CURRENT CHARGES AND OBUG $1,620,360 INTERFUND TRANSFER (Debt Service) $0 CONSTRUCTION (N PROGRESS $0 OTHER GRANTS AND AIDS $8,367 BUDGET RESERVE $0 TOTAL EXPENDITURES $1,636,727 REVENUE LESS EXPENDRURES $o * Taxable Value In the CRA District • (DR-422) Less Base Value (2004) Tax Increment Value Divided by Multiplied by City Mlllage (estimate) County Miilage (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 Millege (estimate) County Mlllage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Miami) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade rnunty) Net Ad Valorem -City of Miami Net Ad Valorem • Miami Dade County $635,531 $172,216,084 ($29,281,552) $142,934,4192 $1,000 95% 7571 4.805 $1,028,049 $652,460 $3,6E3,437 $1,000 95% 7.674 4.8379 (26,853.36) (16,923.09) 51,901,196