HomeMy WebLinkAboutExhibit A SUBTHIS DOCUMENT IS A SUBSTITUTION.
THE ORIGINAL CAN BE SEEN AT THE
END OF THIS DOCUMENT.
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2025
Proposed
Budget
FY 2024
Adopted
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$8,478,964
$8,369,430
$109,534
ADVALOREM TAXES - MIAMI DADE COUNTY
$5,439,165
$5,066,896
$372,269
2024's CARRYOVER FUND BALANCE
$4,920,421
$0
$4,920,421
TOTAL REVENUES
$18,838,550
$13,436,326
$5,402,224
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2025 TIF revenue)
$0
$134,363
-$134,363
OTHER CURRENT CHARGES AND OBLIG
$18,699,369
$13,301,963
$5,397,406
(Note 1)
2025's BUDGET RESERVE (Note 2)
$139,181
$0
$139,181
TOTAL EXPENDITURES
$18,838,550
$13,436,326
$5,402,224
REVENUE LESS EXPENDITURES
($0)
$0
$0
Note 1
1) Contribution towards Midtown CDD's Debt Service $4,697,626
2) FY 2025's anticipated transfer to the City Of Miami $5,448,793
3) FY 2025's anticipated transfer to the County $3,632,529
4) FY 2024's owed transfer to the City of Miami $4,920,421
$18,699,369
Note 2
1) Unused budget reserve must be distributed to the taxing $139,181
authorities by the end of fiscal year.
File No. 16519 Exhibit A SUB
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SUBSTITUTED.
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2025
Proposed
Budget
FY 2024
Adopted
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$8,478,964
$8,369,43
$109,534
ADVALOREM TAXES - MIAMI DADE COUNTY
$5,439,165
$5,066,
$372,269
2024's CARRYOVER FUND BALANCE
$0
$0
$0
TOTAL REVENUES
$13,918,129
$13, ,326
$481,803
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2025 TIF revenue)
$139,1
$134,363
$4,818
OTHER CURRENT CHARGES AND OBLIG (Note1)
$13,77 ,948
$13,301,963
$476,985
TOTAL EXPENDITURES
3,918,129
$13,436,326
$481,803
REVENUE LESS EXPENDITURES
$0
$0
$0
Note 1- Contribution towards Midtown CDD's D- Service is $4,697,626.00.
Distribution of unused funds is $9,081,322.00 ' •,448,793.20-City and $3,632,528.80-County).
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