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Home My WebLink AboutExhibitCity of Miami Legislation CRA Resolution: CRA-R-15-0028 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-00873 Final Action Date: 7/27/2015 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016 SET FORTH IN ATTACHMENT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal Year commencing October 1, 2015 and ending September 30, 2016 ("FY 2016"), it is required that the CRA's Board of Commissioners approve the CRA's proposed Fiscal Year 2016 General Operating Budget and Tax Increment Fund Budget; and WHEREAS, pursuant to Interlocal Agreements, a copy of CRA's budget is required to be transmitted to the City of Miami and Miami -Dade County; and WHEREAS, all the expenses included in the budget are in accordance with state law, Interlocal Agreements, and the Plan; and WHEREAS, the Board of Commissioners wishes to approve and adopt the CRA's proposed General Operating and Tax Increment Fund Budget for the FY 2016 set forth in Attachment "A"; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section. Section 2. The Southeast Overtown/Park West Community Redevelopment Agency's General Operating and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, set forth in Attachment "A," are hereby approved and adopted. Section 3. The Executive Director is directed to transmit a copy of said budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 2 File Id: 15-00873 (Version: 1) Printed On: 5/25/2016 File Number: 15-00873 Enactment Number.' CRA-R-15-0028 City of Miami Page 2 of 2 File Id: 15-00873 (Version: 1) Printed On: 5/25/2016 SEOPW GENERAL OPERATING TAX INCR MENT FUND BUDGET FY 2016 SEOPW PROPOSED BUDGET FY 2016 sE0PW AMEND6DI BUDGET , • BUDGET VARIANC.6 . REVENUES CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES) $9,289,271 $8,045,982 $1,249,289 MIAMI DADE COUNTY- TAX INCREMENT (ORIGINAL BOUNDARIES) $5,793,212 $4,907,952 $885,260 CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES) $342,425 S241,073 $101,352 MIAMI DADE COUNTY- TAX INCREMENT (EXPANDED BOUNDARIES) $233,394 $146,396 $86,998 CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION) 5947,349 $132,289 $215,060 mIAMI DADE COUNTY TAX INCREMENT (PARK WEST ADDITION) $211,998 $80,740 $131,258 OTHER REVENUES $75,000 -$7S,000 2015 CONTRIBUTION FROM CHILDREN TRUST FUND $571,571 -5571,571 rum.) BALANCE $34,858,1.27 $41,459,894 -$6,601,767 1 TAI RE\[ENUE $1,075,776 , $$5,650,897 - i;$4li585,12.1 Ft DEVELOPMENT EXPENDITURE PROFESSIONAL SERVICES - LEGAL $294,696 $294,312 $384 ACCOUNTING AND AUDIT $30,000 $25,000 $5,000 PROFESSIONAL SERVICES - OTHER $1,840,978 $1,299,336 $S41,642 OTHER CONTRACTUAL SERVICES $292,759 $353,054 -$60,295 LAND $1,635,968 $3,023,810 $512,158 INTEREUND TRANSFER (Grant) $2,146,871 $1,878,334 $268,237 DEBT SERVICE PAYMENT 58,152,609 $7,826,239 $326,370 CONSTRUCTION IN PROGRESS $6,486,161 $4,467,145 $2,019,016 OTHER GRANTS AND AIDS $27,529,840 $35 708 434 ,-$8,178,594 ADMINISTRATIVE EXPENDITURES REGULARSALARIES $976,163 $976,163 $0 FICA TAXES $74,676 $74,676 $0 LIFE AND HEALTH INSURANCE $163,191 $163,191 50 RETIREMENT CONTRIBUTION $92,838 $92,818 $0 FRINGE BENEFITS $38,300 $38,300 $0 OTHER CONTRACTUAL SERVICE $90,030 $90,030 $0 TRAVEL AND PER DIEM $40,000 $40,000 $0 COMMUNICATIONS $5,500 $5,500 $0 UTILITY SERVICE $10,000 $29,041 -$19,043 INSURANCE $64,s0o $64,S00 $o OTHER CURRENT CHARGE $26,000 $26,000 $0 SUPPLIES $12,000 $12,000 $0 OPERATING SUPPLIES $12,000 $12,000 50 SUBSCRIPTION MEMBERSHIP/TRAINING $15,000 $1.5,000 $0 MACHINERY AND EQUIPMENT $3,000 $3,000 $a ADVERTISING $39,000 $35,000 $0 RENTAL AND LEASES 57,000 $7,000 $o POSTAGE $2,000 $2,000 50 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSPER $30,000 830,000 50 FY 2016 BUDGET RESERVE - ADMINISTRATION rryover Fund Balance - AdrnInIstratIve Budget a) PY 2033/2014 Carryover Fund Balance (Surplus) $240,000 $827,014 $240,000 $827,014 $0 $0 $0 DIA r UNli.BALANCE . , $51,075,776 '$85,668,897 44,585,1,21 FUND BALANCE ALLOCATED PURSUANT TO RESOLUTION FUND ALANCE ASSIGNED PENDING P08 RESOLUTION $0 $0 87% 33% 100% $0 City of Miami Legislation Resolution: R-15-0390 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01039 Final Action Date: 9/10/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND ADOPTING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF $51,075,776.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015, AND ENDING SEPTEMBER 30, 2016, WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, there was created by action of Miami -Dade County, Florida and the City of Miami, Florida ("City") the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") within the limits of the City; and WHEREAS, Article VI, paragraph 6.1(b), of the Interlocal Cooperation Agreement, dated March 1, 2000, between the City, the SEOPW CRA and the Omni Redevelopment District Community Redevelopment Agency, as revised and amended, requires that the SEOPW CRA submit its annual budget to the City Commission; and WHEREAS, the SEOPW CRA Board of Commissioners approved and adopted the SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget") for Fiscal Year 2015-2016 on July 27, 2015, pursuant to Resolution CRA-R-15-0028; and WHEREAS, the SEOPW CRA requests the acceptance of the Budget for the Fiscal Year commencing October 1, 2015, and ending September 30, 2016, in the amount of $51,075,776.00; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION 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 SEOPW CRA's Fiscal Year 2015-2016 Budget, in the amount of $51,075,776.00, attached and incorporated, for the Fiscal Year commencing October 1, 2015, and ending September 30, 2016, is accepted and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {1} City of Miami Page 1 of 2 File Id: 15-01039 (Version: 1) Printed On: 5/25/2016 File Number: 15-01039 Enactment Number: 12-15-0390 Footnotes: {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 15-01039 (Version: 1) Printed On: 5/25/2016 433 City of Miariti Budget Tenn)fate 903 FY 2011-12 Actual FY2012-13 Actaral FY 201314 Actual FY 2014-15 Budget 072014-15 Projection FY 2015-16 Proposed Difference Notes r„,..MXIVVA: - R4Z;e=.4r f, '.. =• _ ' a 17f ,di, .WW f '=" , , , 'Z'tizi.':--r17----1,= 411100- Ad ValoreroTaxes 58,098,297 59,787,251 $11,499,384 $13,554,432 513,554,432 516,217,649 +$2,663,217 435000- State St.ed Rove.. $0 $0 $0 50 $0 $0 50 437000 -Gisaltsfrom Oilier Local Units $403,250 $503,993 $501,126 $571,571 5571,571 $0 -$571,571 4as000- Payments From Ofberf-oeal me+ $1,534624 $24,760 $199,542 $0 $0 $0 $0 _ 443000 - CFS- tits and Royalties $10 89 $a $3,991 $0 50 $0 $0 451103- Wise -Interest& Penalty $49,890 $44,032 $39,426 $0 $0 $0 $0 Disposition of land $0 $0 $10659,541. $0 $0 $0 50 Carry.. Fund Sat.. $0 $01 $0 $41,459,894 $0 $34 858,127 -$6,60/,767 461300- 1,11.-Net increase Decrease $7,038. -$144,258 $97,022 SO $0 SO $0 403000 -110.-Oth00Revenue 50 540,627 5367.635 575600 $75,000 50 -$75,000 4311300- Intertund Tsansfer 5186,332 $0 $0 $0 $0 $0 Revenue Grand Total $10,289,320 $10,256,405 5" 867,6.67 $55,660,897 $14,201,003= $51,075,776 -$4,585-121 ,. ;,,'''''."RiTOZWZA747:174.Wl 512000- Regular Salaries 5903623 $640,872 5854,752 5976,163 $976,163 $976,163 $0 513000 - OtherSalaries and Wages $41,838 $0 $0 $0 50 1.1111123 310300-Mogs8onefi0s $14,343 517.432 527,422 $38,303 536,300 $38,300 $0 521000- Fi. Tax $71,182 549657 $64,399 $74,676 $74,676 574676 MIIIE1 522000 - Rather.. Cont $46,218 $65,809 $75,792 $92.818 $92,818 592,218 50 523000- Life and Heal Justus.. 5105,564 $93,152 575,891 $193,191 5/63,191 5163,191 1.11111E90.011111.1111.111111.1 525000 - Unemployment Compen $881 $824 $0 $0 $0 $0 $0 531000 - Professional Sel, $328,555 $362,460 - $985,47 6 $1,593,E48 $208,273 52,135,674 IEMEMI 532000 - AccountingundAndit 527,500 $41,000 520500 $25,000 $25,000 $30,000 55600 1111.1111M11.1.1 534000- Other Contractual Servico 5125,704 $146,367 $138,696 $443,084 $122,216 -.18-2,783 166 540000 - -Distvei and PerDiern $15,294 $6,.14 $4,291 $40,000 $23-,000 $40600 111111=3.1111.1.M.1111.1111111.1 sareao - Communicatious 519 -$16 -$4 $5.500 $5600 $5.500 MMEIMMIIIIIIII 541100 - Postage - Malt 5937 5129 $305 52,000 $2,000 52.000 IMME5011111111111111111 543003- UtifityService $27,986 $55,522 $38,284 $29641 :$29,041 $10600 ME= 544000 - Renfals and Leases $132,008 $4,307 $4679 $7,000 Sz000 $7.000 mown 545000 -Ins... $53,887 $55,000 $46,071 564600 564600 564500 IIMMEI 546000- Repairs. laaintenance Services $291 $142 $894 $2.000 $2,000 $2.000 50 -548190- Advertising Expanse $71,277 $28,168 $26274 $35,000 $35,000 $35,000 So 549000 • Other Current Charge $18,092 $18,424 $25,356 $26,000 $26,000 $26,000 $0 551000 - Supplies 55254 510003 58.003 5-12.000 512000 <12.000 50. 552000 - Operating -Supplies $18,046 $4,669 512,933 Si? 000 $32,000 $12,1300 so 5520.10- Motor Fuei CCA $0 $01 $0 $0 $0 $0 $0 554000 -Subscription membership 517,474 $1,524 $2,803 $15,0001 $15,000 513,000 $0 ==i ape - Purchase Land $249,960 $464,052 $0 $1,023,810 50 $1,535,968 -453.2.158 682006 • Bulkang $0 $0 $0 $0 $0 $0 SO 604000 - Machinery and Equipment $1,440 $7,879 $9.568- $3,000 $3,009 $3,000 $0 670000- Construction in Prog $274,530 $572,056 $1,284,339 $4,467,145 $0 $6,486,161 +$2,019,016 MOM - Principe $8 $0 $0 $4.74=5,1110 $4,745,040 , $5,315,600 -4570,000 00 - Interest SO $0 $0 $2,641,180 $2,641,180 $2397,550 -$243,6$0 881000- Alds to Goven.entAgencleS $0 $0 $175,000 $0 So So 383000 - Grants 53,505623 54,201,753 55,240.102 $38,026,827 511,500,000 529,676,411 -58,350,416= 891000 - Otber latarfiand Tessier $2,378,196 $571735 $.508 422 $30,000 $30,000 $470,061 4$449,061 Sudget Reserve $0 $0 $0 51,067,014 $0 $1,067,014 . $0 Expenditure Grand Total 58,435,401 $7,346,862 $9,627,998 $55,660,897 $20,842,858 551,075,776 -$4,585,121 Revenues Morns &nem:Bums $1,853,859 $2609643 $13,239,669 $0 -$6,641,855 - $0 $0 $0 Printed: 8/21/20131155 AM Page 1 of 1 ,SEOPW'GONERA). OpERAtING'f INCREMENTAX.FUNCi DyDdET • , ' •rsUD FY 2;0.6 • • SE:OPvd pRgPOSEGEAENENDEi7� CT ' FY• 2015; . SEOPW,; 'BUDGET . BUDGET • . „ , Oi s , REVENUES CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES) $9,289 271 $8,0.45,982 $1,243,289 MIAMI DADE COUNTY- TAX INCREMENT (ORIGINAL BOUNDARIES) $5,793,212 $4,907,952 $885,260 CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES) $942,425 $241,073 $101,352 MIAMIDADECOUNTY- TAXINCREMENT(EXPANDEDBOUNDARIES) $233,594 $146,396 $86,998 CITY OF MIAMI • TAX INCREMENT (PARK WEST ADDITION) $547,945 $132,289 $215,060 MIAMI DADE COUNTY -TAX INCREMENT (PARK WEST ADDITION) $211.,998 $80,740 , $191,258 OTHER REVENUES $75,000 .$75,000 2015 CONTRIBUTION FROM CHILDREN TRUST FUND $571,571 -$571,571 FUND BALANCE $34,858,127 $41,459,894 -$6,601.,767 TOTAL REVENUE $31,075,776 $55,664'97 4A't58$; iZ1, REDEVELOPMENT EXPENDITURES PROFESSIONAL SERVICES - LEGAL $294,596. :$294,312 $984 ACCOUNTING AND AUDIT $30,000. $25,000 $5,000 PROFESSIONAL SERVICES - OTHER $1,840,978 4,299,336 $541,642 OTHER CONTRACTUAL SERVICES $292,739 $353,054 -$60,29$ LAND $1,536,968 $1,023,810 $512,158 INTERFUNDTRANSFER (Grant) $2,146,571 $1,878,394 $268,297 DEBT SERVICE PAYMENT $8„152,609 $7,826,239 $326,370 CONSTRUCTION IN PROGRESS $6,486,161 $4,467,145 $2,0191016 PTIIIIER GRANTS AND AIDS $27.,529,840 $95,708t434 $8,178,S94 ADMINISTRATIVECXPENl71'LUkPS t.,,,,,,. REGULAR SALARIES $976,163 $976,163 $0 FICA TAXES $74,676 $74,676 $0 LIFE AND HEALTH INSURANCE $163,191 $163,191 $0 RETIREMENT CONTRIBUTION $92,818 $92,818 $0 FRINGE BENEFITS $38,300 $38,800 $0 DTH ER CONTRACTUAL SERVICE $90,030 $90,030 $0 TRAVEL AND PER DIEM $40,000 $40,000 $0 COMMUNICATIONS $5,500 $5,500 $0 UTILITY SERVICE $10,000 $29,041. -$19,041 INSURANCE $64,500 $64,500 $0 OTHER CURRENT CHARGE $26,000 $26,000 $0 SUPPLIES $12,000 $12,O0D $0 OPERATING SUPPLIES $'12,000 $12,000 $0 SUBSCRIPTION MEMBERSHIP/TRAINING $15,000 $15,000 $0 MACHINERY AND EQUIPMENT $3,000 $3,OOD $D ADVERTISING $35,000 $35,000 $0 RENTAL AND LEASES $7,000 $7,000 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERPUNDTRANSFER $30,000 $30,000 $0 FY 2016 BUDGET RESERVE• ADMINISTRATION $240,000 $240,000 $0 Carryover Fund Balance - AdmInlsErative Budget a)FY2013/2014Carryover Fund Balance(Surplus) $827,014 $827,014 $0 so TOTAL FUND:BALANCE $51J075t776.155,60,897 'w$4',,'585421 FUND BALANCE ALLOCATED PURSUANT TO RE50LUTION FUND BALANCE ASSIGNED PENDING FOR RESOLUTION 87% L3% 100% 59 EXHIBIT 44A99 1 SUPPORTING DOCUMENTATION City of Miami Legislation CRA Resolution: CRA-R-16-0005 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16-00156 Final Action Date: 3/30/2016 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S TAX INCREMENT FUND AND GENERAL OPERATING BUDGET, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMITA COPY OF THE AMENDED BUDGETS TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and WHEREAS, it is necessary to amend the budgets to reflect the amount of tax increment funds actually owed in January 2016 by each taxing authority that contributes to the CRA's Redevelopment Trust; and WHEREAS, the Board of Commissioners wishes to approve and adopt the CRA's Amended Tax Increment Fund and General Operating Budget for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section. Section 2. The attached Amended Tax Increment Fund and General Operating Budget for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016 are approved and adopted. Section 3. The Executive Director is directed to transmit a copy of each budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 1 File Id: 16-00156 (Version: 1) Printed On: 4/7/2016 SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET FY 2016 AMENDED BUDGET FY 2016 PROPOSED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI • TAX INCREMENT (ORIGINAL BOUNDARIES) $9,991,910 $9,289,271 $202,639 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $5,793,212 $5,7.93,212 $0 CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES) $382,406 $342,925 $39,981 MIAMI DADE COUNTY - TAX INCREMENT (EXPANDED BOUNDARIES) $233,394 $233,394 $0 CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION) $347,349 $347,349 $0 MIAMI DADE COUNTY - TAX INCREMENT (PARK WEST ADDITION) $211,998 $211,998 $0 2016 CONTRIBUTION FROM THE CHILDREN TRUST FUND $667,259 $0 $667,259 GRANT FROM EDA (FEDERAL GOVERNMENT) $81.0,000 $0 $810,000 2015 AUDITED FUND BALANCE $31,298,018 $34,858,127 -$3,560,109 TOTAL REVENUE $49,235,546 51,075,77E -$1,840,230 REDEVELOPMENT EXPENDITURES PROFESSIONAL SERVICES - LEGAL $213,477 294,696 .$81,219 ACCOUNTING AND AUDIT $31,900 30,000 $1,000 PROFESSIONAL SERVICES - OTHER $3,203,322 1,840,978 $1,362,344 OTHER CONTRACTUAL SERVICES $946,937 292,759 $154,178 LAND $1,654,794 1,535,968 51.1.8,826 INTERFUND TRANSFER (Grant) $2,435,570 2,146,571 $288,999 DEBT SERVICE PAYMENT S8,152,609 8,152,609 $0 CONSTRUCTION IN PROGRESS $1,200,379 6,486,161 -$5,285,782 OTHER GRANTS AND AIDS $28,579,903 27,529,840 $1,049,163 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES 9 $1,026,414 976,163 $50,251 FICA TAXES $78,521 74,676 $3,845 LIFE AND HEALTH INSURANCE $173,014 163,191 $9,823 RETIREMENT CONTRIBUTION $89,840 92,818 -$2,978 FRINGE BENEFITS $18,300 38,300 -$20,000 OTHER CONTRACTUAL SERVICE 585,030 90,030 •$5,000 TRAVEL AND PER DIEM $30,000 40,000 -$10,000 COMMUNICATIONS $0 5,500 -$5,500 UTILITY SERVICE $64,401 10,000 $54,401 INSURANCE $112,555 64,500 $48,055 OTHER CURRENT CHARGE $95,639 26,000 $69,639 SUPPLIES $12,000 12,000 $0 OPERATING SUPPLIES $12,000 12,000 $0 SUBSCRIPTION MEMBERSHIP/TRAINING $15,000 15,000 $0 MACHINERY AND EQUIPMENT 53,000 3,000 $0 ADVERTISING $35,000 35,000 $0 RENTAL AND LEASES $7,000 7,000 $0 POSTAGE $2,000 2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 2,000 $0 INTERFUND TRANSFER $30,000 30,000 $0 FY 201E BUDGET RESERVE - ADMINISTRATION $240,000 240,000 $0 BUDGET RESERVE - OTHER (Rent Income, Interest Income and Adm 8udget Surplus from Fiscal Year 2013,2014 and 2015) a) FY 2013 Carryover Fund Balance (Surplus) $314,134 314,134 $0 b) FY 2014 Carryover Fund Balance (Surplus) $512,015 512,882 -$867 c) FY 2015 Carryover Fund Balance (Surplus) $360,593 $360,593 TOTAL FUND BALANCE $49,235,546 $51,075,776 -$1,840,230 0 Fund Balance Allocated Pursuant To Resolution Fund Balance Pending For Resolution $40,558,793 $8,676,754 2016 TIF Revenue $16,460,269 2016 Administrative Expenditures $1,891,713 % Administrative Exp / 2016 TIF Revenue 11% 2016 Budget Reserve $1,926,742 Totes 2016 Budget $49,235,546 % 2016 Budget Reserve / Total 2016 Budget 3% 0