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Home My WebLink AboutExhibit AOF,yW GENET AL OPERATING TAX INCREMENT FUND BUDGET• : FY 2016 AMEf�DED BUDGET F' 2016 PROPOSE D' BUDGET BUDGET 4 0E REVENUES CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES) $9,491,910 $9,289,271 $202,639 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $5,793,212 $5,793,212 $0 CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES) $382,406 $342,425 $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) $810,000 $0 $810,000 2015 AUDITED FUND BALANCE $31,298,018 . $34,858,127 -$3,560,109 �. � T,O7A(REVENUE = .. .. ., ;: $49,235,646 51,075,7)..6.: i r,$040;130 REDEU,ELDP.MENT EXPENDITURES PROFESSIONAL SERVICES - LEGAL $213,477 294,696 -$81,219 ACCOUNTING AND AUDIT $31,000 30,000 $1,000 PROFESSIONAL SERVICES - OTHER $3,203,322 1,840,978 $1,362,344 OTHER CONTRACTUAL SERVICES $446,937 292,759 $154,178 LAND $1,654,794 1,535,968 $118,826 INTERFUND TRANSFER (Grant) $2,435,570 2,146,571 $288,999 DEBT SERVICE PAYMENT $8,152,609 8,152,609 $0 CONSTRUCTION IN PROGRESS $1,200,379 6,486,161 -$5,285,782 OTHER GRANTS AND AIDS $28,579,003 27,529,840 $1,049,163 ADNI IN ISTRATIVE EXPENDITURES_ REGULAR SALARIES $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 RETIREMENTCONTRIBUTION $89,840 92,818 -$2,978 FRINGE BENEFITS $18,300 38,300 -$20,000 OTHER CONTRACTUAL SERVICE $85,030 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 $3,000 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 2016 BUDGET RESERVE - ADMINISTRATION $240,000 240,000 $0 BUDGET RESERVE -OTHER (Rent Income, Interest Income and Adm Budget 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 $360,593 TOTAL FUND"BALAI'CE r ,.$.0';'. 5,546 ;,'$51,075;7:7,6 „$1y84B 230 Fund Balance Allocated Pursuant To Resolution Fund Balance Pending For Resolution $0 $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 $1,426,742 Total 2016 Budget $49,235,546 % 2016 Budget Reserve / Total 2016 Budget 3% $0 EXHIBIT