HomeMy WebLinkAboutBack-Up DocumentsT'OWN RE, EVE .)
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Board Chair ;Franc'
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it is rer;or .rrraided that
Redevelopment Agency (ACC
the amended Midtown t lam:
Year commencing October 1
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Date: August 11,2016.
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Subject: Midtown : A's Amended Gorreral
Operating Budget & Tax Increment.
Fund Budget for Fiscal Year 01 -16
Refer().
Enclosures: Attacchm n
Ord al' Commrssiorrcr I the`Midtown Redevelopment District'Co uttur ity
rpprove and adopt the attached Resolution, with at-tachment(s),•adeptin
reral Operating Budget and Tax Increment Fund Budget, for the Fiscal
and ending September 30, 2016, and.l'trrthor directing the t ecutir�
Director to transmit a copy of east. budget tole City of Miami and Miami -Dade County.
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al Agree
City of :Miami
.esc)lrttion fulfills till
quires tl Midtown CRA to arrlrrrally prepare a prof used budget an
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City of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number; 16-01182 Final Action Dater
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVLEOPMENTAGENCY ("MIDTOWN CRA"), WITH
ATTACHMENT(S), ACCEPTING AND ADOPTING THE MIDTOWN CRA'S AMENDED
BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015 AND
ENDING SEPTEMBER 30, 2016; FURTHER DIRECTING THE EXECUTIVE
DIRECTOR TO TRANSMITA COPY OF THE AMENDED BUDGET TO THE CITY OF
MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Board of Commissioners of the Midtown Community Redevelopment Agency
("Midtown CRA"), by Resolution No. MCRA-R-15-0002, passed and adopted on September 10, 2015,
approved and adopted the Midtown CRA's Special Revenue Fund Budget for the fiscal year
commencing October 1, 2015 and ending September 30, 2016; and
WHEREAS, it is necessary to amend the budget to reflect the actual tax increment funds
received in the 2015-16 budget year; and
WHEREAS, the Board of Commissioners wishes to approve and adopt the Midtown CRA's
amended 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
MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Midtown CRA's amended Special Revenue Fund
commencing October 1, 2015 and ending September 30, 2016, as
adopted.
Section 3. The Executive Director is directed to transmit a copy of
City of Miami and Miami -Dade County.
'8ection 4, This,R'esolution shall become effective immediately upon its adoption.
° ""--s�
APPR.9„14E6'n TO FORM AND ORRECTNESS:
this Resolution are adopted
Budget for the fiscal year
attached, is approved and
TORIA ME B'LZ, GENERAL,COUNSEL
the amended budget to the
City o1'Miami
Page 1 of 1
File Id: 16-01182 (VePsio/i: 1) Printed On. 8/16/2016
IDT
WROMEWNWOMERMAwarmammgovyam
REVENUE
SPECIAL REVE UE FU D
2015-2016 Budget
Amended
CITY OF MIAMI - Tax Increment Funds 2,920,758.00
MIAMI DADE COUNTY - Tax Increment Revenue 1,781,502.00
Fund Balance FY'15 audited (3,677.00)
TOTAL REVENUE 4,698,583.00
EXPENDITURE
PROFESSIONAL SERVICES 5,000.00
INTERFUND TRANSFER
Regular Salaries and 1,500.00
Fringe Benefits 5,000.00
Fica Taxes 120.00
INTERFUND TRANSFER (Grant)
OTHER CURRENT CHARGES AND OBLIGATION 4,655,237.40
OTHER GRANTS AND AIDS
Fund Reserve 31,725.00
TOTAL EXPENDITURES 4,698,582.40
REVENUES LESS EXPENDITURES (0.00)
6/30/2016
IDTO SPECIAL REVENUE FUND
2015-2016 Budget
Funding Source 2015/16
DESCRIPTION
PROFESSIONAL SERVICES - OTHER
Category
Authorization
Carryover Fund
Balance
FY 2015/16
TIF Revenue
1
FY 2014/15 External Audit -
Sanson Kline Jacomino & Company, LIP
Admin.
FY 2015/16
Budget
5,000.00
Regular Salaries and
Fringe Benefits
1,500.00
5,000.00
Fica Taxes
120.00
Other Current Charges and Obligations
2
FY 2014/15 Midtown CDD -
Debt Services
Infrast
Interlocal
Agreement
4,655,237.00
pg 2 of 2 6/30/2016 2:42 PM
City of Miami
Master Report
Enactment Number: MCRA-R-16-0001
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-01182
File Type: MCRA Resolution Status: Passed
Version: 1 Reference:
File Name:
Requester:
Resolution Approving the MIDTOWN CRA's FY2016 Amended
Budget
Midtown Community Cost: Final Action: 9/8/2016
Redevelopment Agency
Controlling Body: Midtown Community
Redevelopment
Agency
Introduced: 8/11/2016
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN COMMUNITY
REDEVLEOPMENT AGENCY ("MIDTOWN CRA"), WITH ATTACHMENT(S), ACCEPTING AND
ADOPTING THE MIDTOWN CRA'S AMENDED BUDGET FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016; FURTHER DIRECTING
TIE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF TILE AMENDED BUDGET TO THE
CITY OF MIAMI AND MIAMI-DADE COUNTY.
Sponsors:
Notes:
Indexes:
Attachments: 16-01182 Cover Memo.pdf,16-01182 Legislation.pdf,16-01182 Exhibit,pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 CRA General Counsel 8/16/2016 Reviewed and
Approved
1 Midtown Community 9/8/2016 ADOPTED Pass
Redevelopment Agency
1 Midtown Community 9/8/2016 ADOPTED Pass
Redevelopment Agency
City ofMiann Page 1 Printed on 9/9/2016