HomeMy WebLinkAboutExhibitMIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2018
Amended
Budget
FY 2018
Proposed
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$4,072,244
$4,072,446
-$202
ADVALOREM TAXES - MIAMI DADE COUNTY
$2,555,958
$2,555,958
$0
TOTAL REVENUES
$6,628,202
$6,628,404
-$202
Expenditures
INTERFUND TRANSFER (Administration - 1%
out of FY 2018 TIF revenue)
$66,282
$66,284
-$2
OTHER CURRENT CHARGES AND ()BUG
$6,561,920
$6,562,120
-$200
TOTAL EXPENDITURES
$6,628,202
$6,628,404
-$202
REVENUE LESS EXPENDITURES
1
INTERFUND TRANSFER $ 66,282
Available funds for administration in fiscal year 2018. (1% of total TIF collected)
OTHER CURRENT CHARGES AND OBLIGATIONS $ 6,561,920
Funds to be used for the payment of principal and interest on the bonds.
2018 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 (ESTIMATED)
County Operating Millage (ESTIMATED)
Adjustment (City)
Adjustment (County)
City County
FY 2017-2018 FY 2017-2018
608,607,380 608,607,380
(29281,592) (29,281,592)
579,325,788 579,325,788
579,326
550,359
7.4365
(2,822,743)
(2,823)
(2,682)
7.5710
579,326
550,359
4.6669
$4,092,748
(2,822,743)
(2,823)
(2,682)
4.6569
(20,504.44)
52,568,473
(12,514.79)
5 4,072,244 $ 2,555,958 $ 6,628,202
2