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Budget Template FY 2018-19 Proposed Budget
Yes
No
FY 2014-15 Actual
FY 2015-16 Actual
FY 2016-17 Actual
FY 2017-18 Budget
FY 2017-18 Projection
FY 2018-19 Proposed
Difference
Notes
Number of Full -Time Positions
3
3
3
4
2
4
$0
Are any positions funded in other budgets?
No
Revenues
Parking Waiver Fees
$384,148
$371,968
$367,437
$390,700
$391,734
$378,724
-511,976
Parking Surcharge
$265,562
$276,091
$272,000
$275,000
$275,000
$280,000
$5,000
Special Event Supplemental Fees
$15,825
$30,356
$11,501
$11,000
$0
$2,500
-$8,500
Sidewalk Cafe Fees
$57,653
$33,751
$44,654
$45,000
$32,557
$32,057
-$12,943
Overhead Banner Fees
$4,233
$7,217
$6,858
$6,000
$5,130
$6,000
$0
BID Assessment Dues
$501,130
$493,455
$509,428
$507,277
$513,094
$494,695
-512,582
Regatta Park Parking
$0
$21,600
$28,540
$25,200
$3,600
Other Income
$500
$6,145
$24,821
$0
$0
$0
$0
Investment Income
-517,967
$491,578
$579,896
$190,000
$190,000
$120,000
-570,000
Collections Deferred
$0
$0
$0
$15,000
$0
$5,000
-$10,000
Contribution from BID Fund
$0
$400,000
$1,992,000
$1,992,000
$3,926,457
$1,934,457
In FY'19 the BID has budgeted $100,000 for Peacock Park Improvements, $160,000
for lighting improvements; $100,000 for gateway features; $1.5M for Main
Highway sidewalk restoration project; $100,000 improvements to the website and
creation of a mobile application to include parking info; additional events; $10,000
for new digital interactive kiosk at tour bus; $70,000 to enhance facade grant
program. Incudes carryover of $1.275M for FPL Utility Burial; $100,000 Main
Highway Tree remediation; $114,000 for FPL utility burial sidewalk restoration.
Revenue Grand Total
$1,211,085
$1,710,561
$2,216,596
$3,453,577
$3,428,055
$5,270,633
$1,817,056
Expenditures
Regular Salary and Wages
$202,553
$238,831
$223,381
$260,000
$205,233
$235,000
-$25,000
Fringe Benefits
$0
$0
$0
$0
$0
$0
$0
FICA Taxes
$16,000
$16,000
$16,832
$21,757
$21,757
$21,020
-$737
Retirement Contributions
$0
$0
$0
$3,000
$3,000
$3,000
$0
Life and Health Insurance
$20,500
$20,500
$16,015
$22,000
$31,020
$31,020
$9,020
The increase is the result having full time employees instead of part times.
Workers' Compensation
$523
$775
$737
$737
$737
$737
$0
Professional Services - Legal
$9,600
$0
$0
$0
$0
$0
$0
Accounting and Auditing
$76,500
$76,500
$76,000
$76,500
$76,500
$76,500
$0
Other Contractual Services
$313,513
$308,216
$369,324
$489,700
$489,700
$604,500
$114,800
Increase in Sanitation, Security and off -Duty Police contracts due to 40% increase in
the hourly living wage rates
Travel and Per Diem
$2,000
$2,000
$2,000
$1,000
$200
$1,000
$0
Communications and Related Services
$0
$0
$0
$50,000
$50,000
$72,000
$22,000
In FY'18 the BID Board voted to piggyback on a contract for marketing and public
relations services with Schwartz Media, LLC. The PSA was finalized and billing
monthly $6,000 began May 1, 2018. Previous contract had expired with ZMPR
which was $4,100 monthly.
Postage
$1,050
$1,000
$1,000
$1,000
$1,000
$1,000
$0
Utility
$5,000
$5,000
$5,190
$7,000
$7,000
$7,000
$0
Rentals and Leases
$38,000
$38,000
$39,427
$46,403
$48,682
$46,000
-$403
Repair and Maintenance Services
$0
$0
$0
$0
$0
$0
$0
Printing and Binding
$0
$24,000
$25,195
$27,000
$27,000
$27,000
$0
Advertising and Related Costs
$186,667
$153,729
$228,289
$535,900
$530,207
$534,000
-$1,900
Office Supplies
$6,000
$7,000
$7,000
$6,500
$7,000
$7,000
$500
Operating Supplies
$0
$0
$0
$0
$0
$0
$0
Motor Fuel
$0
$0
$0
$0
$0
$0
$0
Public Safety Supplies
$0
$0
$0
$0
$0
$0
$0
Subscriptions, Memberships, and Licenses
$2,000
$4,500
$4,500
$5,000
55,000
55,000
$0
Interfund Transfer
$0
$0
$0
$0
$0
$0
$0
Capital Projects and Purchases
$93,289
$120,953
$509,131
$1,748,200
$247,644
$3,444,856
$1,696,656
The FY'19 Capital Budget includes funds for street furniture and lighting, an
enhanced facade improvement and grant program, undergrounding of FPL lines,
Main Highway tree remediation and sidewalk restoration, and improvements at
Peacock Park.
All Other Expenditures
$194,078
$248,723
$190,383
$86,893
$118,015
$154,000
$67,107
In FY'19, Other expenditures include Special/BID Events &The BID's Office
Insurance. Streetscape is now a contractual agreement
Printed: 8/28/2018 4:16 PM
Page 1 of 2
Coconut Grove Business Improvement District
Budget Template FY 2018-19 Proposed Budget
Yes
No
FY 2014-15 Actual
FY 2015-16 Actual
FY 2016-17 Actual
FY 2017-18 Budget
FY 2017-18 Projection
FY 2018-19 Proposed
Difference
Notes
Number of Full -Time Positions
3
3
3
4
2
4
$0
Are any positions funded in other budgets?
No
Parking Surcharge Transfer to Surcharge
Fund
$177,000
$76,180
$15,708
$64,987
$0
$0
-$64,987
The parking surcharge transfer varies as it depends on how much funds can be
used in the projects/expenses that meet the restrictive requirements of the
surcharge funds. The funds that can not be utilized have to be transferred to the
surcharge fund in the investment account.
Expenditure Grand Total
$1,344,273
$1,341,907
$1,730,112
$3,453,577
$1,869,695
$5,270,633
$1,817,056
Revenues Minus Expenditures
-$133,188
$368,654
$486,484
$0
$1,558,360
$0
$0
Printed: 8/28/2018 4:16 PM
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