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Home My WebLink AboutBack-Up DocumentsOMNI Board of Commissioners Meeting September 13, 2016 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTEROFFICE MEMORANDUM To: Board Chair Ken Russell and Members of the CRA Board From: Jason Walke Executive Dir' Date: August 25, 2016 Subject: OMNI CRA's Proposed General Operating Budget & Tax Increment Fund Budget for Fiscal Year 2016-17 References: Enclosures: Attachment, Legislation BACKGROUND: It is recommended that the Board of Commissioners of the OMNI Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution, with aftachment(s), adopting the proposed OMNI CRA's General Operating Budget and Tax Increment Fund Budget, for the Fiscal Year commencing October 1, 2016, and ending September 30, 2017, and further directing the Executive Director to transmit a copy of each budget to the City of Miami and Miami -Dade County. JUSTIFICATION: The Interlocal Agreement requires the OMNI CRA to annually prepare a proposed budget and transmit same to the City of Miami and Mi.mi-Dade County.. This Resolution fulfills this requirement. 3rd BUDGET VERSION g 8/24/2013 OMNI i'AX INCREMENT FliM1415 Fr2oi7 t,, PROPOSED, :',:,, BUDGET,,,, j',','.:FV-2016,,',6,', ,,i,,,-,„..,i t ' ,f,,Ki PPVARIAN i,,,'BUDGET k.•:-,§PPGE,,,T, - .,- REVENUES , CITY OF MIAMI - TAX INCREMENT $10,798,854 $9,285,641 $1,513,213 MIAMI DADE COUNTY- TAX INCREMENT (ORIGINAL BOUNDARIES) 56,453,941 $5,663,331 $790,610 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $240,252 $o $240,252 MIAMI DADE COUNTY- TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $146,633 $0 $146,633 RENT INCOME - MEC $100,000 $66,667 $33,333 OTHER INCOME - MEC (REIMBURSEMENT FOR 2016 PROPERTY TAXES) $112,688 $0 $112,588 RENT INCOME - 1401 LLC $101,481 $0 $101,481 MIDTOWN CRA - CONTRIBUTION TO CRA CPERATIEJG BUDGET 50 $20,000 -$20,000 LAND $0 $1,253,649 -$1,253,649 FUND BALANCE - OMNI CRA OPERATING BUDGET $0 $345,000 -$345,000 FUND BALANCE $9,151,422 $6,101,919 $3,049,503 1„457;itREVEN '',:.,<,,g',7.',A;' r..- , , .,, 2, -.,, ,--,, ., , :„ , „,;,,..,;$27;10t171 '',22,736,207 : $4869,0647 riBDEVELOMEN-1 EXPENDITURES •• • , -•-,•,.•,,l:•,,gi..•:&''••,:-7'-'•' '' ' '''.'4'• -'4'&0:',41';'' '''. •" ' • :,,- A',^..:::'.-.,i,-,' - • ACCOUNTING AND AUDIT $15,00; $0 $15,000 PROFESSIONAL SERVICES - OTHER $361,000 $155,736 $205,234 OTHER CONTRACTUAL SERVICES $300,000 $18,714 $281,286 INTEREUND TRANSFER (Debt Service) $4,249,500 $4,265,900 -$16,400 INTERFUND TRANSFER (Grant) $3,188,029 $948,040 $2,239,989 OTHER CURRENT CHARGE $6,173,888 $5,232,140 $941,748 CONSTRUCTION IN PROGRESS $0 $2,696,087 -$2,696,087 OTHER GRANTS AND AIDS $9,429,495 $4,409,774 $5,019,721 ADMINISTRATIVE EXPENDITURES''':', -iLrE' ,.- " ,.,/,',°-,iiii- REGULAR SALARIES $355,500 $432,734 -$77,234 FICA TAXES $27,196 $29,064 -$1,868 LIFE AND FIEALTH INSURANCE $48,000 $55,400 -$7,400 RETIREMENT CONTRIBUTION $18,625 523,124 -$4,499 FRINGE BENEFITS $9,900 $17,800 -$7,900 OTHER CONTRACTUAL SERVICE 520,000 533,216 -$13,216 TRAVEL AND PER DIEM S30,000 $15,000 $15,000 COMMUNICATIONS $0 $2,000 -$2,000 UTILITY SERVICE $20,300 $16,017 $4,283 INSURANCE $104,166 $34,070 $70,096 OTIIER CURRENT CHARGE $128,168 $7,425 $120,753 SUPPLIES $5,000 $0 $5,000 OPERATING SUPPLIES $5,000 $8,000 -$3,000 SUBSCRIPTION MEMBERSHIP $17,000 510,488 $512 MACHINERY AND EQUIPMENT $6,0D0 $9,800 -$3,800 ADVERTISING $40,000 $40,000 50 RENTAL AND LEASES $3,600 $3,500 $100 POSTAGE $2,000 $200 $1,800 REPAIR/MA I NTENANCE - ours' UE $2,000 $14,500 -S12,500 N'I'ERF-L)ND TRANSFER $17,500 517,500 $0 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $o $125,000 RESERVE FOR SECURITY DEPOSIT - 1401 GROUP LLC $40,000 $0 $40,000 RESERVE FOR CAPITAL EXPENDITURES $363,383 $0 $363,383 FY 2017 BUDGET RESERVE $2,000,000 $4,233,948 -S2,233,948 TOTAL FUND BALANICE,,:,,-----iliire,,-",1:41,1'°!i.-ii . ' , „ ,,!Lih,,ii,,,,Rit,Fir-„ViLiiit:' -$27,105,27 ,,,-,,;$22,786',207 s';',..$4,369,064 $0 2017 TIF Revenue $17,639,880 2017 Administrative Expenditures $859,975 % Administrative Exp / 2017 TIF Revenue 5% 2017 Budget Reserve $2,000,000 Total 2017 Budget $27,105,271 % 2017 Budget Reserve / Total 2017 Budget 7% $0 ..:runtiln. SoUrceT,l'il,,i Deeription ` ' t irin 5ll : "T, ' „, ii .-: it ,:, ,t ,5,..,,,,,, ,, ., .,,,tit555,,:i it ';'-niTT5::::iiilftili:ill'inillti:q::"VilT;j.t."-T:inl; Category ri,l,T;t7l'll.,;:i5:::-:::-.r5;.-:' ':: irt • '-iT' :: . l :' .' Re so # , • ' , :::::,,,,:n:, i T5i 1:ln,'fii': 51"itrnoirnt : il:idge.i.ed :: '.. ',' : : , 5 ' Amount ::' ., Ei4i0j1ii „::,tt,,tt11,,ZlAint.::..ti -Rerlialliing) lill4Fa.ae, 5 555l5l5-5nl : l.: Carryover n: ' #bidi: '.. 5 0alancd,.li. ',-l- FY 2017 .,',5:.:Ti#rli::::t!t: be- :Zi,blebiiiiiilheSKillAldilleinffl,lilli,lilElfWillnVtiiit.liv;:tilint: 5.ini.:lili,,.;;:',;,;.,,,,Y;::,,q. ,4.^6,',,T4'.:;4,:'g.,.::i.,,,P.:;11".. - .,. :, ',.:,,.,:p..,. itifigith.,,i2'i , . ., , . ,,..i.,!;i::,),:',:',414, gy,,,,,M,:ii.•:.,,,, 1 External Auditing Services to the OMNI CRA- Sanson,i(lIne, Jacomlno, Tandoc & Gemarra, LLP Administration 16.0038 ,000 $0 $1500C $15,000 $0 -,:ii,:i.f6tsifiiiiiiintletiVagflf4ifiv.eirtlti,liitelll5 2ii,ntl",ilS,Sfit: iT)," `;:. :: , _iTli fl?:ii4ti,l4:,,Eninill'itliglt,- :5 : : :' iii.l,' ,`..,,,A;114:Tinc,& .'...,,,-..!,,,:,,I. ;.. --.., ',,,',1..t4 1.;','Y',.:,-V,':. 2 Lobbyists Administration NO $35,000 ., 0 $35,000 $35,000 50 3 Available for Other Professional Services Admlitistration NR 5311,000 50 $311,000 $311,003 50 4 Public Relation Service Administration NR 515,030 So 5151000 515,000 TOitiei'CorifraEtiAl SeitiridiSlOWil7:il5 ll:: f 'TT --t, h :: t: 5: 5- :i .:it.,-, ',044,,,,i,',,,,,',f,', , , ,' ,,-;„0.•,,.:.;;;,0:.. ',.,,,:,,-,,,,,,,,"..,.,:','..'-- 5 Horsepower Street Light Maintenance Quality of Life NR $25,000 $0 $25,000 $25,000 $0 6 Landscaping Service Quality of Life NR $25,000 $0 $25,000 525,000 50 7 Available for Other Contractual Services Administration NR $250,000 $0 $250,000 $250,000 $0 Subtota/. •.,Y21,"iin':;;.:?,..,., ' ..' ,::$676;000 ,,,,-, .•; $0 ,$676,000 ::',";,';,`,' ;''':!';,.$0, ..;(,;).$6?6;09.0 $676,000 1/,,q.C4j.: So Total Budget Amount (Professional Services - Legal, Accounting and Audit, Professional Services Other and other Contractual Services) NFt- No CIA Resolution R - CRA Resolution Passed S661,000 $15,000 $676 000 5076,000 $15,000 $361,000 5300,000 escription Category . . Res° # Amount• :, Bticigeted:,‘!„ Ekpntded Balance ,r Interfund Transfer (Debt ervice) Transfer Out to the City of Miami for the payment of the Port of Miami Tunnel Series 2012 Debt Service 2007 Global Agreement $4,249,500 so $4,249,500 'Other Current Charges ao8 Obligations 2 Estimated 2007 Global Agreement Payment - Performing Al Center 2015-2016 Policing Services - City of Mlaini Infrastructure Quality of Life 2007 Global Agreement 15.0043 $6,173,888 $710,000 so $365,985 $6,173,888 $344,01 4 2016-2017 Policing Services - City of Mlaml Quality of Life NR 5500,000 so $500,00 Museum Park - Contribution to the Parks Capital Expenditure Other Parks and Recreation 2007 Global Agreement $2,000,000 $2,000,00 Subtotal $13,633,388 • $365,985 $13,267,40 ,..1;;;,1;:4t,iFiiiidiii .6firee'l.:: ..., : ifq0:.,, ::,,;,.::Fy.,,2017 ;Silit:::,,ri'l-e6w.i.i,e' so $4,249,500 $0 $6,173,888 $344,015 $0 $500,000 $0 $2,000,000 $344,015 $12,923,388 $344,015 $12,923,388 Total Budget Amount Interfund Transfer (Debt Service), Debt Service, Purchase of Land and I nterfund $13 267 403 NR - No CIA Resolution - CIA Resolution Passed $500,000 $12,767,403 $13,267,403, $4,249,500 $6,173,888 $3,188,029 Other Grants and Aids . Grant to the Perez Art Museum of Miami Dade County for various community benefits to the redevelopment area, Art and Culture 16-0039 Remaining 1401 Rest LLC- Lessor's Contribution to leasehold improvements - Grease Trap and Hood System Job Creation 13-0036 563,000 $0 $60,000 Purple 'Shirts Art and Culture NR $50,000 so $50,00 4 Grant to Chapman House / Facade improvement Infrastructure NR 563,000 so 550,00 Gu orrro Over Guns Art and Culture NR $185,000 $0 Community initiatives Art and Culture NR $100,000 50 7 Arts In the Park/Pop Up Parks Art and Culture NR $750,000 $185,00 $100,00 $750,00 Matching funds obligation under the Florida InIdan Navigation District Grant for Phase 2 - Miami Woman's Club Baywalk Project CIP Project Infrastructure 13-0017 $150,000 $26,214 $123,78 Dorsey Library - Project Cost CIP Project Infrastructure NR $850,000 so $850,00 11 Available TO' funds for grants relating to Affordable Housing,1-10ine RehabilitatIon Programs and Job Creation / Business incentives . Affordable Housing / Job Creatlon / Quality of Life NR $1,072,060 $0 51,072,05 Camillus }louse Courtyard Quality of Life Program NR $175,000 So $175,00 13 14 Available for the Development of Affordable Housing - Proceeds from sale of land - 14th St DEV LLC Contribution to the City of Miami -TRI fall Project Affordable -lousing 15-0021 $1,253,649 $0 $1,253,64 Infrastructure 15-0022 $3,750,000 $0 $3,7500 Subtotal ,$2455,7O9 526,214 $9,029,49 Total Budget Amount Other Grants and Alds Nil - No CRA Resolution R - CRA Resolution Passed $1,048,111 $8,381,084 $5129495 ., FundinOSOltire,0' Carryover"l ',,,'F8'l'2937N 1lt0fCI''.". Balance ';'d:Vir.);•;;;'-i- ))0Rearenne,'' $1,000,000 $0 $60,000 $0 $0 $50,000 $0 $60,000 SO $185,000 SO $100,000 SO $750,003 i $123,735 $0 ) $850,000 $0 $235,743 $836,317 $175,000 $0 $1,253,649 $0 0 $1,875,000 $1,875,000 55;573a778 - 53,856,3,17 $5,573,178 ::. 5 $ 3 „ 3 7 429,495 4 Executive Director Assistant Executive Director Assistant to the Executive Director Community Liaison Interns Compensated Absences Regular Salaries Flea taxes Health/Dental/Vision Insurance OMNI CRA Staff Contingency Life and Health Insurance Retirement Contribution (402K) Executive Director Assistant Executive Director Assistant to the Executive Director Community Liaison Retirement Contribution Car Allowance Executive Director Assistant Executive Director Cell Phone Allowance Executive Director Assistant Executive Director Fringe Benefits ADP - Payroll Processing Fee (26 payroll perlocls X $150) Janitorial Service / Supplies Circle Security Solutions Comcast OTIS Elevator Maintenance Service Other Contractual Services To Include cost for travel out of the city for conferences and travel allowances. Travel and Per Diem FPL- Fire House Miami Water and Sewer Contingency Utility Service $120,000 592,000 $43,000 $45,500 $30,000 $25,000 [ $355,5001 $27496 [ $27,196 $48,000 $5,000 $48,000 $9,60D $4,600 $2,150 $2,275 $15,625 I $3,600 $3,600 $1,200 $1,500 59,503 $3,900 $9,000 $2,700 $2,400 $2,000 $20,000 $30,000 $3o,000 I $10,800 $3,500 56,000 $20,300 Property Insurance/Gerieral/Llability insurance (MEC) $72,166 Property Insurance/General/Liability Insurance (Fire Station No 2) $28,000 Workers Compensation (GRA Staff) $5,000 insurance E. $104,166 To include the cost of food associated to CRA Meetings/Ribbon Cutting Ceremonies, To Include the cost of miscellaneous supplies. $5,000 $2,000 Sale Tax - 1401 Rest LLC $952 Sale Tax - EVE / Screen Gems LTD, Inc MEC $7,548 2016 MEC Property Taxes $112,688 Other Current Charges 1 $128,18 To in id supplies necessary for use In the operation of an office, such as copy paper for the agendas and other office related supplies. Supplies To include other supplies not office related, Ex. Misc, Project Construction and Slte Signage 0 perating Supplies To Include the cost of memberships to organization, Microsoft license, and Florida Redevelopment Association, Subscription Membership To Include the cost of new computers Machinery and Equipment To include the expenses of placing advertisements In the newspapers or other publications. Ex. Board meetings Advertisements, RFPs and RECs, And Camillus House Advertising Konica Minolta Copier Rental and Leases To include the cost of stamps or other related Item, Distribution of newsletter In the CRA area, Ex, Mailing services and FedEx. Postage To include the cost associated to any office/truck repair, Repair / Maintenance • Outside To include transfer of funds to the City of Miami Office of the City Clerk for services to be rendered as Clerk of the Board. Interfund Transfer Total FY 2017 Proposed Budget - Recurrent Expenditures Total rent income - 1401 Group LLC - Total reirnOursement for utilities collected - 1401 Grou. LLC Total rent collected - MEC $5,000 $5,no $5,000 $5,0001 $17000 Sireoacd $6,000l $40,000 53,600 $3,500 $2,000 $2, 000 $2,000 I $2,00 $17,500 r $859,975 2017 Estimated Rent Income - 1401 Croup LLC l$G,800 per month) 2017 Estimated Reimbursement for Utilities - 1401 Group LLC ($1,656,72 per month) 2017 Estimated Rent Income - MEC ($8,333 er month Reserve for capital expenditures • OMNI CRA Properties $81,600 $19811 $100,000 7