HomeMy WebLinkAboutMCRA-R-18-0002 Exhibit AMIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2019
Proposed
Budget
FY 2018
Amended
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$4,221,173
$4,072,244
$148,929
ADVALOREM TAXES - MIAMI DADE COUNTY
$2,597,084
$2,555,958
$41,126
TOTAL REVENUES
$6,818,257
$6,628,202
$190,055
Expenditures
INTERFUND TRANSFER (Administration - 1%
out of FY 2019 TIE revenue)
$68,183
$66,282
$1,901
OTHER CURRENT CHARGES AND OBLIG
$6,750,074
$6,561,920
$188,154
TOTAL EXPENDITURES
$6,818,257
$6,628,202
$190,055
REVENUE LESS EXPENDITURES
1
INTERFUND TRANSFER
Available funds for administration in fiscal year 2019. (1% of total TIF collected)
OTHER CURRENT CHARGES AND OBLIGATIONS
Funds to be used for the payment of principal and interest on the bonds.
2019 TIF COMPUTATION
Multiply By 95%
City Operating Millage - Current Year
County Operating Millage - Current Year
Gross Advalorem (City)
Gross Advalorem (County)
City Operating Millage
County Operating Millage
Adjustment By Value Adjustment Board
Divided By 1000
Multiply By 95%
City Operating Millage
County Operating Millage
Adjustment (City)
Adjustment (County)
$ 68,183
$ 6,750,074
City County
FY 2018-2019 FY 2018-2019
622,745,350 622,745,350
(29,281,592) (29,281,592)
593,463,758 593,463,758
593,464
563,791
7.5865
(7,684,625)
(7,685)
(7,300)
7.6465
593,464
563,791
4.6669
$4,277,197
(7,684,625)
(7,685)
(7,300)
4.6669
(56,024.46)
$2,631,154
(34,070.21)
$ 4,221,173 $ 2,597,084 $ 6,818,257
2