HomeMy WebLinkAboutExhibitDowntown Development Authority of the City of Miami
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
Ad Valorem
$5,585,564
$6,119,167
$6,612,767
$7,808,726
$7,027,853
$8,791,683
+$982,957
taxable value growth
Grants
$13,500
$0
$156,400
Interest
$6,333
$6,515
$7,247
Miscellaneous
$109,045
$119,569
$67,040
$165,000
+$165,000
Expected revenues from other gov't
Revenue Grand Total
$5,714,442
$6,245,251
$6,843,454
$7,808,726
$7,027,853
$8,956,683
$1,147,957
$0
Expenditures
Regular Salary and Wages
$1,522,124
$1,606,737
$1,895,238
$2,057,300
$2,057,300
$2,197,052
+$139,752
New DET Supervisor, new Public Information Officer
(part of Micellaneous income), and Agency -wide
Cost of Living Adjustment increase
Fringe Benefits
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$0
FICA Taxes
$109,933
$115,912
$137,795
$157,400
$157,400
$168,033
+$10,633
Commensurate to salaries
Retirement Contributions
$102,917
$109,132
$125,588
$143,900
$153,900
$154,790
+$10,890
Commensurate to salaries
Life and Health Insurance
$231,971
$268,300
$294,174
$392,100
$300,990
$429,246
+$37,146
Expected 9% increase in Healthcare costs
Workers' Compensation
$7,766
$16,131
$10,311
$16,200
$10,000
$17,200
+$1,000
Expected increase in policy
Professional Services - Legal
$135,390
$48,867
$34,796
$30,000
$30,000
$30,000
$0
Professional Services
$138,834
$136,871
$140,867
$170,000
$170,000
$170,000
$0
Accounting and Auditing
$26,188
$25,000
$22,000
$24,000
$22,000
$24,000
$0
Other Contractual Services
$82,418
$84,274
$107,310
$102,000
$102,000
$167,000
+$65,000
Additional Marketing and Branding company to be
hired in FY1718 and increase in IT services/products
Travel and Per Diem
$29,863
$9,914
$29,495
$0
$0
$0
$0
Communications and Related Services
$237,357
$244,930
$277,286
$324,800
$320,000
$414,472
+$89,672
Expected video costs to promote DDA
Postage
$2,844
$1,864
$2,513
$3,000
$3,000
$3,000
$0
Utility
Rentals and Leases
$217,984
$225,120
$232,056
$243,000
$243,000
$265,256
+$22,256
Contractual increase
Repair and Maintenance Services
$3,541
$3,910
$3,675
$4,000
$4,000
$5,000
+$1,000
Expected additional costs
Printing and Binding
$17,147
$16,216
$17,378
$20,000
$15,000
$20,000
$0
Advertising and Related Costs
$163,596
$160,220
$154,093
$195,000
$195,000
$218,000
+$23,000
Increase in PR company contract amount during RFP
award process in FY1617
Printed: 8/23/2017 11:41 AM
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Downtown Development Authority of the City of Miami
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
Office Supplies
$14,508
$13,15S
$11,704
$12,000
$12,000
$12,000
Operating Supplies
Motor Fuel
Public Safety Supplies
Subscriptions, Memberships, and Licenses
$9,738
$11,163
$15,693
$0
$0
Interfund Transfer
Capital Projects and Purchases
$208,827
$364,252
$1,341,900
$1,681,500
$775,000
$2,142,000
All Other Expenditures
$2,508,177
$2,667,670
$2,381,020.45
$3,485,900
$3,336,116
$3,770,076
Budget Reserve
Expenditure Grand Total
5,773,123
$6,131,638
$7,236,893
$9,064,100
$7,908,706
$10,209,125
Revenues Minus Expenditures
-$58,681
$113,613
-$393,439
-$1,255,374
-$880,853
-$1,252,442
Printed: 8/23/2017 11:41 AM
Difference
Notes
$0
$0
+$460,500
Flagler Street Owner's Rep, Flagler Street cleaning
during construction period, new Transient dockage,
new Barkpark, SMART Plan, Tri-raii commitment
+$284,176
International Women's Conference, CRA DET team
(part of Miceilaneous income), Resiliency efforts,
Special Program Funding for Quality of Life, Baywalk
Activation
$1,145,025
$0
$2,932 $0
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