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Home My WebLink AboutExhibitCoconut Grove Business improvement District City of Miami Budget Template FY 2013-14 Actual FY 2014-15 Actual FY 2015-16 Actual FY 2016-17 Budget FY 2016-17 Projection FY 2017-18 Proposed Difference Notes Revenues Parking Waiver Fees 396337 5 319,534 5 360,000 $ 384,323 5389,449 $390,70D +51,251 Parking Surcharge $ 256,498 $ 270,000 $ 270,000 $ 276,091 $272,000 $275,000 +$3,000 Special Event Supplemental Fees $ 28447 5 43,000 $ 35,000 $ 29,825 $11,501 $11,000 -$501 Sidewalk Cafe Fees $ 43,181 $ 49,444 $ 45,788 $ 51,297 $46,844 $45,000 -51,844 Overhead Banner Fees $ 6,733 $ 8,000 5 8,000 $ 7,733 $4,858 $6,000 +$1,142 BID Assessment Dues - 241 folios $ 536,478 $ 519,270 $ 516,721 $ 496,944 $485,092 $507,277 +$22,185 Regatta Park Parking _ _ $14,970 $21,600 +$6,630 Other Income $ 3,500 $ 1,000 $ 1,000 $ 1,000 $2,894 -$2,894 Investment Income $ 300,697 $ 209,000 $ 200,000 $ 242,447 $216,990 $190,000 -$26,990 Collections Deferred $ - $ 1,000 $ 1,000 S 1,000 SD. $15,000 +$15,000 Capital Contribution from BID Fund $ - $ - $ 705,000 $ 315,715 $400,000 $1,992,000 +51,592,000 Funds included for FPL Undergrounding, Main Highway Tree Reemdiation, Business Survival Fund, hourly rate increase for contracted employees, and marketing opportunity fund Revenue Grand Total $ 1,571,571. $ 1,411,2.48 , 2,142,509 5 1,806,375 $1,844,598 $3,453,577 $1,608,979 $0 Expenditures Regular Salary and Wages $ 228,552 $ 206,440 $ 211,000 $ 234,000 $223,844 $260,000 +$36,156 additional admin staff Fringe Benefits $ - $ - 5 - $ _ _ - $0 $0 $0 FICA Taxes $ 15,780 $ 16,000 $ 16,000 $ 16,000 $16,361 $21,757 _ +$5,396 additional admin staff Licenses, Fees, Dues $ 4,000 $ 2,000 $ 4,500 $ 4,976 $4,474 $5,000 +$526 Retirement Contributions $ - $ - $ - $ - $0 $0 $0 Life and Health Insurance $ 18,743 $ 20,500 $ 20,500 $ 20,838 $18,855 $31,020 +$12,165 additional admin staff Liability Insurance $ _ 8,220 $ 9,600 $ 9,600 $ 9,298 59,499 $9,500 _ +$1 Professional services - Legal $ - $ - $ - $ - $0 $0 Accounting and Auditing $ 72,800 $ 76,500 $ 76,500 $ 76,000 $76,500 $76,500 $0 Accounting & Audit Services Other Contractual Services $ - $ - $ - 5 _ - $120,000 _ $40,200 -$79,800 Plusurbia Visioning Agreement Travel and Per Diem $ - $ 2,000 $ 2,000 $ 2,000 $1,576 $1,000 -5576 Communications and Related Services $ - $ $ - $ - $0 Postage $ 1,050. 5 1,050 $ 1,000 $ 1,000 51,000 $1,000 $0 Office Utility $ 5,000 $ 5,000 $ 5,000 $ 5,190 $8,957 $7,000 -$1,957 Repair and Maintenance Services $ - $ - $ - $ - $0 $0 Marketing & Advertising and Related Costs $ 178,451 $ 203,300 $ 209,600 $ 186,045 $191,191 $563,900 +$372,709'. Includes Business survival f$250,000j & Marketing Oppportunity ($100,000) Funds Special Events & Grants _ $ 74,956 $ 65,570 $ 58,456 $ 56,993 $48,409 $48,5110 +$91 Office Rent $ 37,920 $ 38,000 $ 38,000 5 39,427 $46,403 $46,000 -$403 Office Supplies, Rentals and Leases 5 7,177 $ 6,000 $ 7,000 $ 6,814 $6,726 $5,500 -$1,226 Website Design &Assessment Database $ 152 $ - $. - 5 - $21,500 $22,000 +$500 Public safety, cleaning & off duty Police services $ 324,167 $ 323,000 $ 327,000 $ 322,796 $311,310 $426,700 +$115,390 Increase associated with costs incurred through $15/hr rate paid to Block by Block employees 5treetscape Improvements 5 118,869 $ 161,350 $ 153,000 $ 156,612 $152,638 $180,000 +$27,362 $40,000 budgeted for 1 Million Orchid Project Inter -fund Transfer $ - $ - $ - $0 Capital Projects and Purchases $ 146,534 $ 150,000 $ 1,003,000 $ 573,513 $520,368 $1,708,000 +$1,187,632 undergrounding of FPL lines and Main Highway tree remediarion Parking Surcharge Contribution $ - $ 111,000 $ - $ 93,956 $64,987 -$64,987 All Other Expenditures $ 14,698 $ $ - 5 917 $0 Budget Reserve $ - $ - $ - $ - $0 50 Expenditure Grand Total . $1,257,069 $1;407,310 - $2,142,158 $1,806,375 $1,844,598 $3,453,577 $1,608,979 $0 _ Printed: 7/26/2617 7:50 AM Page 1 of 2 Coconut Grove Business Improvement District City of Miami Budget Template FY 2013-14 Actual'. FY 2014-15 Actual' FY 2015-16 Actual' FY 2016-17 Budget' FY 2016-17 Projection' FY 2017-18 Proposed' 'Revenues Minus Expenditures $314,5021 $3,930 $351] sof sal Printed: 7/26/2017 7:50 AM Difference] Notes sa'so Page 2 of 2