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Home My WebLink AboutExhibit A SUBAlvarez, Valentin J �n1p S. 1 1 ` C Vrc . — r 5„..crA At, Eta Subject: OMNI CRA CITY COMMISSION AGENDA ITEM FOR 2016-17 BUDGETS From: Walker, Jason Sent: Friday, September 16, 2016 12:05 PM To: Dawson, Donovan Cc: Michel, Leon; Ruiz, Joseph A.; Jackson, Robin Jones; Medina, Anna; Rose, Christopher; Legislative Division; Arcia, Miriam; Bazail, Carolina; Miguel Valentin; Gonzalez, H. Bert; Min, Barnaby; Melendez, Eleazar Subject: RE: MCAFEE E-MAIL SCAN ALERT!—OMNI CRA CITY COMMISSION AGENDA ITEM FOR 2016-17 BUDGETS revised Omni budget 17.pdf Donovan, Attached is the revised Omni budget to reflect the changes made at the budget meeting on Tuesday. ' e /OD c - Q\). 1 5th BUDGET VERSION Q 0/18/2016 Substituted Item - Original May Be Seen At The End. x k w c I RE WUNJ $t� otel}a r+�fi .i, tyK r ti _ ,,,� z''i4 i rr�, ,.: aMkt �� '•s : Cr. "4+Z yyL. Fq W } S L Vxtc ice }' > i1°7¢ PQ ED is 'A�.GI� Vfl'}: 3y 30 ANf�" u• DIET u NCE REVENUES CITY OF MIAMI - TAX INCREMENT $10,798,854 $9,285,641 $1,513,213 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $6,453,941 $5,663,331 $790,610 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $240,252 $0 $240,252 MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $145,533 $0 $145,633 Total TIF Revenues $17,639,680 RENT INCOME - MEC $100,000 $66,667 $33,333 OTHER INCOME - MEC (REIMBURSEMENT FOR 2015 PROPERTY TAXES) $112,688 $0 $112,688 RENT INCOME -1401 LLC $101,481 $0 $101,481 MIDTOWN CRA- CONTRIBUTION TO CRA OPERATING BUDGET $0 $20,000 -$20,000 LAND $0 $1,253,649 -$1,2,53,649 FUND BALANCE - OMNI CRA OPERATING BUDGET $0 $345,000 -$345,000 FUND BALANCE fi4 s $9,151,422 101,919 $3,049,503 f) $2741050% 3:6 .'207i ' $4,349;g.$ y0 N* a tatTtV to Ui:E KO .:'._ E? 4, .. ' ..,. _ . ' - ,.. ^ - itieliWaft. ACCOUNTING AND AUDIT S15,000 $0 $15,000 PROFESSIONAL SERVICES - OTHER $361,000 $155,766 $205,234 OTHER CONTRACTUAL SERVICES $300,000 $18,714 $281,285 INTERFUND TRANSFER (Debt Service) $4,249,500 $4,265,900 -$16,400 INTERFUND TRANSFER (Grant) $844,015 $948,040 -$104,025 OTHER CURRENT CHARGE $6,173,888 $5,232,140 $941,748 CONSTRUCTION IN PROGRESS $0 $2,696,087 -$2,596,087 OTHER GRANTS AND AIDS $9,773,510 $4,409,774 $5,363,735 :i°lll .. EXPENDiTURES:; .z._ _ _---�� .._ _: ,F REGULAR SALARIES $355,500 $432,734 -$77,234 FICA TAXES $27,196 $29,064 -$1,868 LIFE AND HEALTH INSURANCE $48,000 $55,400 -$7,400 RETIREMENT CONTRIBUTION $18,625 $23,124 -$4,499 FRINGE BENEFITS $9,900 $17,800 -$7,900 OTHER CONTRACTUAL SERVICE $20,000 $33,216 -$13,216 TRAVEL AND PER DIEM $30,000 $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 OTHER CURRENT CHARGE $128,188 $7,425 $120,763 SUPPLIES $5,000 So $5,000 OPERATING SUPPLIES $5,000 $8,000 -$3,000 SUBSCRIPTION MEMBERSHIP $17,000 S16,488 $512 MACHINERY AND EQUIPMENT $6,000 $9,800 -$3,800 ADVERTISING $40,000 $40,000 $0 RENTAL AND LEASES $3,600 $3,500 $100 POSTAGE $2,000 $200 $1,800 REPAIR/MAINTENANCE-OUTSIDE $2,000 $14,500 -$12,500 INTERFUND TRANSFER $17,500 $17,500 $0 Total Administrative Expenditures $859,975 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $0 $125,000 RESERVE FOR SRI IRITY DEPOSIT -1401 GROUP LLC $40,000 SO $43,000 RESERVE FOR CAPITAL EXPENDITURES $353,383 $0 $363,383 FY 2017 BUDGET RESERVE $4,000,000 $4,233,948 -$233,948 ;Tofi'i LLriir ' 'S , -. , i . _. �#%� �`9 ..... 1$27;105271 4$2734207 ?k. $4,369.064 A) 2017TIFRevenue 2017 TIF Rev for Affords le Housing % 2017 Budget for Affor able Housing $0 $0 $0 $17,639,680 $1,763,968 Rafarto flan f2 - Other Gr nand Ails 10% B) 2017 TIF Revenue $17,539,680 2017 Administrative Expenditures $859,975 % Administrative Exp / 017 TIF Revenue 5% C) 2017 Budget Reserve $4,000,000 Total 2017 Budget $27,105,271 % 2017 Budget Reserve Total 2017 Budget 15% File No. 16-01223 1 ntintand External Auditing Services to the OMNI CRA-Season, Kline, Jacomino, Tendoc & Gamarra, LLP p".iuie"stB'MISiiiesl 2 Lobbyists Adminlstratl Administrati n 16.0038 NR $15,000 $35,000 so I $0 $35,000 3 Available for Other Professional Services Administretl n NR $311,000 so $311,000 4 Public Relation Service Administratl n NR $15,000 $0 $15,000 OtheriC.oir 5 Horsepower Street light Maintenance 6 Landscaping Service Quality of I. Quality of idle NR $25,000 $o $25,000 NR $25,000 so $25,000 7 Available for Other Contractual Services Administration NR $2_50,000 $o $250,000 f WVINSIKE Total Budget Amount (Professional Services • Legal, Accounting Contractual Services) NR - No CRA Resolution R - CRA Resolution Passed WARMINSi and Audit, Prot w $e76;0t10. 3676"'-` essional Services - Other and Other $661,000 $15,000 6 000000 Ica rr,. Raveni $15,000 $0 $35,000 $0 $311,000 $0 $15,00o $0 k ± UFriiELTWA $25,000 $0 $25,000 $0 $250,000 $o } 7-$6 6 ,' sT: C , $676,000 $15,000 $361,000 $300,000 2 -Peworty Transfer Out to the City of Miami for the payment of the Port of Miami Tunnel Series 2012 2 Estimated 2007 Global Agreement Payment - Performing Art Center 0614a-tiers Debt Service • 2007 Global Agreement Infrastructure 2001 Global Agreement $6, 73,888 44466'60. 'fife:4414W 40 $4,249,500 $0 46,17%88 2015-2016 Policing Services - City of Miami Quality of Life 1$-0043 $, 10,000 $365,985 $344,0 4 2016-2017 Policing Services - City of Miami Quality of Life NR $. I 41,000 so $500, - 33,388 .411,261;4 Total Budget Ainount Onterfund Transfer (Debt Service), Debt Service, Pu hese of nd and Interfund NR - No CRA Resolution R - CRA Resolution Passed $10 ,000 67,403 7 403 3 4"*.34Millitr.00671p13 arryov...iftifilOila. ... $0 $4,249,500 46,173,888 $0 $344,015 $0 1 So $500,000 ,..:4344015 410,923,388 410,923,381 ji)4344,015 411,267,403 44,244,500 $6,173,888 $844,015 btfie Grants aiii$}A.. 1 Grant to the Perez Art Museum of Miami Dade County for various community benefits to the redevelopment area. 2 1401 Rest LLC - Lessor's Contribution to leasehold improvements • Grease Trap and Hood System 3 Purple Shirts 4 Grant to Chapman House / Facade Improvement 5 Guitars Over Guns 6 Community Initiatives 7 Arts -la the Park/Pop Up Parks B Matching funds obligation under the Florida Inlden Navigation District Grant for Phase 2 - Miami Woman's Club Baywalk Project -CIP Project 9 Available .rBusiness Initiatives and Job Creation Programs - Proceeds from sale of land -14th St DEV LLC - $1,253,649 10 Dorsey Library -Project Cost - CIP Project - Funds derived from item 9 "Proceeds from sale of land" Art and Culture Job Creation Art and Culture Infrastructure Art and Culture Art and Culture Art and Culture Infrastructure Job Creation / Quality of Ufe Infrastructure 11 Available for Business Initiatives and Job Creation Programs r12?. AtailableTlFfundsf aj )e ouSing Projects 13 Camilkas House - Courtyard Program 14 Contribution to the City of Miami -TRI Rail Protect 13-0036 NR NR NR NR NR NR Job Creation / NR Quality of Life Quality of Ufe Infrastructure NR 15-0022 Total Budget Amount Other Grants and Ails NR - No CRA Resolution R - CRA Resolution Passed 2,426 1,084 3,610 41r: 47 ,r ;: �Fi'20 x Tab} cce x$' avenue ` $1,000,000 $0 $60,000 $0 $o $50,000 $0 $60,000 $0 $185,0o0 $0 $100,006 1 $0 $750,000 $123,786 $0 I $403,649 $0 l $850,000 $0 t $s02,107 $0 3 b 763 s't*a D $17s,000 $0 D 51,875,000 $1,875,000 ): V$4;989 S'42: '.-$. 783,968 }-$4,989,542 . $4,783,968 $9,773,510 4 Executive Director Assistant Executive Director Assistant to the Executive Director Community Liaison Interns Compensated Absences Regular Salaries Fka taxes Health/Dental/Vision insurance OMNI CRA Staff Contingency Life and Health Insurance Retirement Contribution (4O1K) Executive Diirector 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 periods X $150) Janitorial Service / Supplies Circle Security Solutions Comcast OTIS Elevator Maintenance Service Other Contractual Services To Includecostfortravel out of the city for conferences and travel allowances. Travel and Per Diem FPL- Fire House Miami Water and Sewer Contingency Utility Service Property Insurance/General/Lability Insuran Property Insurance/General/Liability Insuran Workers Compensation (CRA Staff) Insurance To Include the cost of food associated to CRA Meetings/Ribbon Cutting Ceremonies. To Include the cost of miscellaneous supplies. Sale Tax -1401 Rest LIC Sale Tax - EUE /Screen Gems LTD,1 2016 MEC Property Taxes Other Current Charges MEC $120,000 $92,000 $43,000 $45,500 $30,000 $25,000 $355,500 $27,196 1 $27,1961 $45,000 $5,000 I $48,00o j $9,600 $4,600 $2,150 $2,275 1 $18,625 $3,600 $3,600 $1,200 $1,500 $9,900j $3,900 $9:000 $2,7D0 $2,400 t $2,000 $240001 $30,000 I $30,0001 $10,800 $3,500 $6,000 1 $20,300 1 e (MEC) $71,166 e (Fire Station No 2) $28,000 $5 00o 074,166 $2,000 $952 $8,132 $112,6t8 $128 772 5 To include 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 Site Slgrrage Operating 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 RFCts. 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 Indude the cost assodated to any office/truck repair. Repair / Maintenance - Outside To Indude transfer of funds to the City of Miami Office of the City Clerk for services to be rendered as Clerk of the Board. Interf indTransfer Total FY 2017 Proposed Budge Total rent income - 1401 Group LLC - Total reimbursement for utilities collected - 1401 Group LLC Total rent collected - MEC • Recurrent Expenditures $5,000 $5,000 I ss.00Q I $17,000 $17,0001 $6,000 I $6,000I $40,000 $40,000I $3,600 $3,600 $2,000 1 $z000 1 $2,000 I Sz,000 E $17,500 I $27,5001 $860,559 $13,600 $40,469 $116,167 2017 Estimated Rent Income -1401 Group LLC ($6,800 per month) 2017 Estimated Reimbursement for Utilities -1401 Group LLC ($1,656.72 per month) 2017 Estimated Rent Income - MEC ($8,333 per month) Reserve for capital expendltu $81,600 $19,881 $100,000 - OMNI CRA Properties 363 83 7 SUBSTITUTED. EXHIBIT A TO BE PROVIDED PRIOR TO THE ' ITY COMMISSION MEETING