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HomeMy WebLinkAboutExhibitPrinte Coconut Grove BID City of Miami Budget Template FY'12 FY`13 FY'14 FY'15 FY`15 FY'16 Y) 0i1°,3'7."pcfti2l � t 1 i2,137?ctual !.1013,+"14}Actual o2FY12014-'118udge$ tii01415 Projection '.-KY 2015„ 16.Pr`oposed 1i�1 „4?v fi es Parking Waiver Fees 204,491 322,619 396,337 319,534 384,323 360,000 +$40,466 Proposed Proposed totals reflect 533 waivers in circulation within the. District Parking Surcharge 205,789 259,942 256,498 270,000 265,562 270,000 $0 Surcharge totals for FY'16 forecasted are in line with FY'15 totals collected. Special Event Supplemental Fees $ 24,975 $ 21,130 28,147 $ 43,000 29,825 35,000 -$8,000 BID had 6 events qualify in FY'15. Sidewalk Cafe Fees Overhead Banner Fees $ $ 64,721 2,500 $ 45,704 6,500 43,181 6,733 49,444 8,000 51,297 7,733 $ 45,788 8,000 - $3,656 $0 There are currently4,332 sq. ft of sidewalk space in use. Banner Fees are concurrent with 5 of special events held In Grove. BID Assessment Dues - 255 folios $ 584,036 603,630 $ 536,478 $ 519,270 496,944 $ 516,721 - $2,549 FY'16 totals are derived from Year 8 estimates for the BID as per assessment schedule. Other Income $ 5,306 $ 13,962 $ 3,500 1,000 1,000 1,000 $0 Line item is for mist reimbursements received from GMCVB, Insurance Premiums, and/or other. Investment Income $ 286,765 (32,885) 300,697 200,000 242,447 200,000 $0 Expected income is based on historical performance of account Collections Deferred 1,000 1,000 $ 1,000 $0 Capital Contribution from Fund $ 705,000 +$705,000 Currently there are 28,867 in outstanding assessments since 2009. BID Fund to cover Capital Committee FPL Utility Burial Project along McFarlane Road & Grand Ave. Revenue Grand Total 8,583, 1,24,602' 711. 10 t;480,131 ;142509 731,241 :„r :' ( t,;Y,,eYW .. .. '.. , .il. . , n.. vd .., . + .... � . >}., tW., k, r .� lxpe d,�Ure�:`�, 2,�t "�qC � v Y'rp� -- n i{.I.��rY d . �yy,,aa"i`i ,4e"ly u.. ., u. ... .�, >r , u ., 1. '. r ^ri Y; k .r+nr. %k y : n Ogg F fi. 4 ku. rt..S .... �r.fr M.. .:e.n �l W. 1.. r a n _a ... k.. .. 'u 6,^r{w: � S�, ... 1., a_.. ... ..v Y, . ...o-. I`��.., 1 �' ;aT-l.P :.fi .. ..�" .._ .:. . �, r f..„ .. �I w .. a ... -'jf p 3 a �.;.,I ri Ui ..1 .. Y ! k3. t5"r. . .. .. tl, r,. .. I N .k':w +9 .5k6.a fl w� L. a.: ... .' J, �v�, r�+ ete ".,. 47 v.., `f ✓`'1".,. V,y.,r ,.:,� ... �A.l.1�A ,6., �:�.s�1 �= ,5. :r r w �' ...�: f,... ,: :::�. Mgr .Ir.. �V-�A ..��� 'Im '„ '�. .f ', �l h �r.r Regular Salary and Wages $ 234,826 $ 205,848 $ 228,552 $ 206,440 $ 207,735 $. 211,000 +$4,560 FY'16 totals reflect (3) fulltlme staff and (1) part time staff. Fringe Benefits $ - $ - $ - $ - $ - $ - $0 FICA Taxes $ 15,000 $ 16,000 $ 15,780 $ 16,000 $ 15,996 $ 16,000 $0 FICA totals as per Federal requirements. Licenses, Fees, Dues $ 4,000 $ 4,000 $ 4,000 $ 2,000 $ 5,650 $ 4,500 +$2,500 Increase of fees is for Microsoft, drop box, payroll processing. Retail Federation, Department of Economic Special District Retirement Contributions $ - $ - $ - $ - $ - $ - $0 Life and Health Insurance $ 20,000 $ 19,000 $ 18,743 $ 20,500 $ 15,344 $ 20,500 $0 insurance totals are reflective of (3) fulltime emomvees. Workers' Compensation $ 8,000 $ 7,200 $ 8,220 $ 9,600 $ 9,508 $ 9,600 $0 Professional Services - Legal $ - $ - $ - $ - $ - $ - $0 Accounting and Auditing $ 46,800 $ 46,800 $ 72,800 $ 76,500 $ 76,500 $ 76,500 $0 Book Keeping fees are $5,0Wmonthlyand annual audit is expected to be $13,000, in addition to preparation of statement costs. Other Contractual Services $ - $ - $ - $ - $ - $ - $0 Travel and Per Diem $ - $ - $ - $ 2,000 $ 1,648 $ 2,000 $0 Line item is networking related that was formerly the IDA conference membership and annual trip. Communications and Related Services $ - $ - $ - $ - $ - $ - $0 Postage $ 1,000 $ 1,050 $ 1,050 $ 1,000 $ 1,000 $ 1,000 $0 Postage dues associated with yearly operations. Office Utility $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 4,584 $ 5,000 $0 Repair and Maintenance Services $ - $ - $ - $ - $ - $ - $0 Marketing & Advertising and Related Costs $ 325,145 $ 161,504 $ 178,451 $ 203,300 $ 198,773 $ 209,600 +$6;300 Marketing totals include tour bus ambassador services, GMCVB prints, Social creative web, Photographer, Free Yoga, Free Historic Tours, GMCVB Co-op Campaign. Special Event Grants $ 113,524 $ 83,932 $ 74,956 $ 65,570 $ 66,922 $ 59,458 -$6,112 Special Event funds are for sponsored events like 4th ofJuly, Arts Festival, FAM Music Series, King Mango Strut, Miami Intl Film Festival, McSF Office Rent $ 34,200 $ 37,932, $ 37,920 $ 38,000 $ 39,148 $ 38,000 Rent isapproximately $3,200.3,300monthly range Office Supplies, Rentals and Leases $ 8,000 $ 8,000 $ 7,177 $ 6,000 $ 6,084 $ 6,000 $0 Totals are in line with historical totals associated with this line item for copier, supplies and equipment Website Design & Assessment Database $ 20,372 $ 2,629 $ 152 $ - $ 109 $ - $0 8R9I5E035fUt 4okkining& off duty Police services $ 297,480 $ 312,815 $ 324,167 $ 323,000 $ 325,980 $ 327,000 +$4,000 p Line itemisforagreementwithBlockbyBlockfot- 6,864 hours of extra security, 5,876 hours of additional cleaning & 2,080 hours of off duty Police. ge 1 of 2 Coconut Grove BID City of Miami Budget Template FY'12 FY'13 FY'14 FY'15 FY'15 FY'16 ^FY211112,Acttial ,p.mFY2012-13'Act-045wF,1o0w /lActual ',u "rFYo14=35rRudget'^ ,f1 201445•Prolectii n FY U13`16.Pro0osed , °,,Difference; i a ' ; , Notes Streetscape Improvements $ 86,979 $ 117,135 $ 118,869 $ 161,350 $ 165,824 $ 153,000 -$8,350 Totals reflect flower basket maintenance program, in addition to South eayshore Drive median project, as well. as other streetscape related items. Interfund Transfer $ - $ - $ - $ - $ - $ - $0 Capital Projects and Purchases $ 215,045 $ 72,091 $ 146,534 $ 160,000 $ 148,980 $ 1,003,000 +$843,000 IncreaseinFY 16 budget is due to $865K FPL utility project Included for this coming year. Parking Surcharge Contribution $ - $ - $ - $ 111,000 $ 111,000 $ - -$111,000 No excess surcharge ands expected for FY'16. All Other Expenditures $ 2,862 $ 14,698 $ - $ - $ - $ - $0 Budget Reserve $ - $ - $ - $ - $ - $ - $0 so TOTALS: 43$`233 ,r tr' ,1,2;12 VI Qd,'7,85,' Revenues Minus Expenditures $731,261 $0 Printed: 8/11/2015 958 AM Page 2 of 2