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Home My WebLink AboutComposite Exhibit A-SUBTHIS DOCUMENT IS A SUBSTITUTION. THE ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. COMPOSITE EXHIBIT A 1. Board of Directors of the Downtown Development Authority of the City of Miami ("Miami DDA") Resolution No. 016/2019, adopted July 19,2019, and 2. Miami DDA Budget Information for Fiscal Year 2019-2020, and 3. Budget Template for the Miami DDA for Fiscal Year 2019-2020 FILE NO. 6313 COMPOSITE EXHIBIT A RFE)I,UTION NO. 016/20 9 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR ThE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE' FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER. 30, 2020 AT 0.4681 MILLS, WHF,REAS, Section 200.06 (2Xa)1, Florida Statutes (2017) ("Statute"), requires each taxing authority to ; Nish a proposed Mil 4 rate; and WHEREAS, the Statute stipulates that the proposed millagc rate be submitted to the Miami.Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage • i= reflects the levy necessary to realize property tnx revenue anticipated in the Fi Year 2019-2020 Bud et for the Downtown Development Authority.of the City of Miami ("Miami DDA"); and WHEREAS, the Statute requires that the proposed tax rate be includedon tax notices; aid WHEREAS, the proposed millagc rate submitted to the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices; NOW, 'IlIEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OP THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA; Section 1, The recitals are true and correct and are adopted by reference and incorpo 'if fully set forth in this Section, Section 2. The Miami DDA Board of Directors hereby au0torizes the Executive Director to establish a proposed millage r y- for the Downtown Development District of the City of rviireni, Florida ("Distriet") for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020 'at 0.4681 mills, Section 3. The Executive Director of the Mierni DDA is instructed to submit said proposed millage rate for the Downtown Development Di 'et of the City of Miarni, Florida to the Miami -Dade County Property Appraiser and Tax Collector. 4,* Section 4. This Resolution shall become effective immediately upon its adopti PASSED AND ilt July, 2039, mtuissioner Aly M. bertson, Executive Director BUDGET SUMMARY The [downtown Development Authority of the C Fiscal Year 2019-2020 0 Miami, Florida THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI ARE 13% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES Revenue Sources Ad Valorem Tax Levy Other Revenue 0.4681 Millage per $1000 Total Sources Carryover Funds from Prior Years Total Revenues and Balances Operating Expenditures General Expenses Leadership, Advocacy and Operations Urbanism Enterprise Fund Balances/Reserves Total Operating Expenditures Total Uses GENERAL FUND 9,920,000 365,000 10,285,000 2,413,087 12,698,087 3,577,152 1,020,200 4,883,250 1,920,750 1 4i11,52 1,296,735 7 Downtown Development Authority of the City of Miami Budget Template FY 2019-20 Proposed Budget Number of Full -Time Positions Are any positions funded in other budgets? in this budget? uch €sin the other bud4et? FY 2015-16 Actual FY 2016-17 Actual! FY 2017-18 25 A 27 al FY 2018-19 Budget 28 FY 2018-19 PraJection 28 Difference FY 2019-20 Proposed 29 Notes Vacant Pos Manager s DevelopmentSenior Ad Valorem Taxes $6,612,767 $7,274,524 S8,223,153 $9,120,000 S9,120,000 $9,920,000 +$800,000 Based on approved millage Grant monies $156,400 $75,000 558,398 5100,000 $100,000 $365,000 +$265,000 CRA-Extra team members (from 6 (+1 supervisor) to 18 (+2 supervisors) plus part time changed to full time, vehicle, equipment, etc) Other $74,287 $176,980 $99,643 $0 $0 Revenue Grand Total $6,843,454 $7,526,504 $8,381,194 $9,220,000 $9,220,000 $10,285,000' $1,065,Ot76 I Carryover Funds from Prior Years $0 50 $0 $0 SO $2,413,087 Total Revenues and Balances $6,843,454 $7,526,504 $8,381,194 $9,220,000 $9,220,000 322,598,087 j Regular Salary and b+fages 51,895,238 $2,082,346 $2,214,558 $2,34€,016 $2,372,280 $2,528,902 •+$184,886 Cost of living increase Fringe Benefits $2,000 $2,000- $2,000 $2,000 $2,000 $2,000 $0 CA Taxes $137,795 $1,51,212 $161,675 $17,3,317 $179,317 $188,283 +58,956 Directly corresponds to salaries itetirementContributions $125,588 $139,547 $147,727, $164,081 $164,031 5172,285 +$8,204 Directly corresponds to salaries Life and Health insurance $294,174 $274,650 $305,375 5503,261 $503,25i $543,682 +$40,421 Estimated increase on insurance cost FY1920 Vdorkers'Compensation $10,311 $9,677 $13,007 $18,000 $11,989 518,000 SO Professional Services - Legal 534,796 530,000 $32,500 $30,000 $36,B00 $30,00r? $0 Professional Services $140,367 $150,161 $148,403 $170,000 $120,000 $120,000 -$SO,808 Inter -Governmental Advocacy Contract Accounting and Auditing $22,000 522,000 $16,000 $25,500 $22,000 $25,500 $0 flther ContractuaiServices $107,310 $75,106 575,272 $132,000 5149,742 $145,000 +$13,000 Reclass of IT Consultant Contract Trauei and Per Etiem $29,495 $54,500 $56,267 $55,000 $55,000 $55,000 SO Communications and Related Services $277,285 $152,941 5212,480 $197,200 $216,000 $228,000 +$30,800 Increase contract rate and costs Postage 52,513 $4,176 $2,777 $3,000 $3,000 $3,000 $0 Utility SO $0 50 50 $0 50 50 Rentals and Leases $232,056 $238,674 $261,441 $293,600 $293,600 $300,500 +$6,900 Lease renewal Repair and Maintenance Services $3,675 $5,944 $2,178 $5,000 $5,000 55,000 $0 Printing and Binding $17,378 $15,835 512,667 S20,000 S20,000 $2.0,000 $0' Advertising and Related Cass $154,093 $143,434 $219,172 5177,000 5187,206 $302,000 +$125,000 I-395 Construction and SuperBowi Marketing Campaign. Office Supplies $11,704 $13,425 $15,158 $12,000 $12,976 $15,000 +$3,000 Increase ofcosts Operating Supplies 50 SO $0 50 $0 $0 50 Motor Fuel SO 5O SO 5O SO $0 5O Public Safety Supplies $0 $0 $0I $0 50 $0 $0 Subscriptions, Memberships, and licenses $15693 $13,931 $17,950 $15,000 515,00i} 525,000 +$10,000 New ER/Accounting/Procurement System intsrfundTransfer $01_ 50 $0 SO $0 $0 $O capital Projectsand Purchases $1,341,9ii0 $668,261 $873,485 51,770,000 $1,454.202 $1,485,000 •$285,000 Signage/Wayfinding Expense paid All Other Expenditures $2,381,021 $2,659,068 $2,712,635 $3,953,600 $3,537,666 S5,189,200 +$1,235,600 Superbowl, Tech €niiiat ves, Corporate Business Recruitment, Ambassadors Program, DET Program, NEAT Team, Dog Park, Resiliency Projects, DETTruck, Traffic Mitigation Plan, etc Budget Reserve $0 $0 SO SO $0 50 50 Expenditure Grand Total $7 236,893 $6,916,888 $7,503,237 $1i#,069,575 $9,344,320 $11,401,352 $1,331,777 Funds Balances/Reserves 50 $O $0 50 $0 $1,296,735 Total Uses $ii $0 $0 $0 $0 $12,698,087 SO Printed; 9/12/20193;52 PM Page 1 of 2 Downtown Development Authority of the City of Miami Budget Template FY 2019-20 Proposed Budget FY2015-16Actual! FY2016-17Actual! FY2017-18Actual! FY 2018-19 Budget! FY2D18-19Projectionj Fy2019-20Proposed Difference Notes Number of Fun -Time Positions Are any positions funded in other budgets? If so, how much is in this budget? d 25 27 +1 Vacant Position - Business Development Senior Manager Revenues Min usEgenditures d; 9/12/2019 3:92 PM -$393,4391 $977,957 -$124,320 •$265,777 Page 2 SUBSTITUTED. COMPOSITE EXHIBIT A 1. Board of Directors of the Downtown Development Authority of tr e City of Miami ("Miami DDA") Resolution No. 016/2019, adopted July-'9,2019, and 2. Miami DDA Budget Information for Fiscal Year 2019-2020, find 3. Budget Template for the Miami DDA for Fiscal Year 2019/ 020 SUBSTITUTED. IMSQLUTION O. 0134019 A RESOLUTION OF THE BOARD OP DIRECTORS OF DOWNTOWN DEVELOPMENT AUTHORITY OF THE cn. OF MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DI • TOR TO ESTABLISH A PROPOSED MILLAGE RATE Ei THE DOWNTOWN DEVELOPMENT .DISTRICT OF Tills CrIY OF FLOIUDA FOR THE. FISCAL YEAR. .4 INNING OCTOBER 1, 2019 AND ENDING SEPTEMBER. 30, 020 AT 0.4681 MILLS. WHEREAS, Section 200.065(2Xa)1, Florida S authority to blish a proposed Millage rate; and WHERRAS, The Statute stipulates that the p County Property Appraiser and the Tax Collector; WHEREAS, the proposed /tillage anticipated in the Pi,: ; Year 2019.2020 B Miami ("Miami DDA"); and WHEREAS, the Statute WHEREAS, the pmpo necesssay for the purpose of p • NOW, TB:REF* DOWNTOWN DE * (2 7) ("Statute"), minima each taxing ed /tillage rate be submitted to the Miami -Dade the levy n esary to realize property tax revenues e Downtown Development Authority.of the City of proposed tax rate be includedon tax notices; and bmitted to the Property Appraiser is not binding but n of tax notices; BE 1T RESOLVED BY THE BOARD OF DIRECTORS OF THE MENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals are true and correct and are adopted by reference and in ly act forth *,tltiB Sction. k I establish ("Diatri 2. The Miami DDA Boned of Diredurs hereby authorizes the Executive Director to proposed mill e r r. for the Downtown Development District of the City of MiAini, Florida ) for the Fiscal Year beginning October. 1, 2019 and ending September 30, 2020 at 0,4681 mills. on The Executive Director of the Miami DDA instructed to submit said proposed lege rate for the Downtown Development District of the City of Marti, Florida to the Miami -Dade County Property Appraiser and Tax Colleetor, SUBSTITUTED. SUBSTITUTED. BUDGET SUMMARY The Downtown Development Authority of the City cif that i, Florida Fiscal Year 2019-2020 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIA ARE 13% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDIT ES ENERAL FUND Revenue Source Ad Valorem Tax Levy 0.4681 Millage per $1000 9,920,000 Other Revenue 36a5,000 Carryover Funds from Prior Years Operating Expendit General Expenses 3,577,152 Leadership, Advocacy and Oper. ions 2,020,200 Urbanism 4,883,250 Enterprise 1,920,750 Total Operating Expenditures 11.,401,352 Tot al50,zces 1 ,28S,000 2,413,087 Total Revenue; and Balances 12,698,0 Fund Balances/'Res'ves 1,296,735 Total Uses 12,698,087 Downtown Development Authority of the City of Miami Budget Template FY 2019.2O Proposed Budget SUBSTITUTED. FY 2015.16 Atwell 7 FY 2017-18 Actual I FY 2016-19 Budget! aiectionl FY 2019.20 Proposed E0'rfferenc Naps flambe ro#Fvtt-TfinePonicnr 11111 29 t1 cant Fos -bus DaveiopmentSenior an e rAreanypositronsiunded e `r,w�;a` ..,,w)+r 7's,4 % : 4•ti 4� * . �,..- Ilitl ' ` . a ' �ti �'"t s o y ..< . -:?4.: is - If so, how maget7 chislathat/P goo,hawmarhfsIntheotherbudsetl lea°.; ��'{...-�?k. ' .i" ii' alai - u O c�*M y- •. .. :'$ s.' a. + iu^ sy' i t i`,',, 4,va''k, .:'.s., ,.. ,3 AdVakxemTaxeS 58512767 7 74 4 $ ,2 ,52 58,2331$3 59,12Q000 5' I2d1000 $9,92ooa 800,000 Based an approved rnitiage Grantmpnlec $156,400 $75,000 $5$,398 51t$1000 $100,000 93#'5,000 +$265A00 Cities Extra team members (from 6 j+1 sapeMwri fc `a$ j+2. supervisors) pus part rims Oran to fui(SArne, vehiede, equipment, etcj Other $73,287 $176,980 $99,843 50 50 S0 ry0f RevenuegrerdTotat $6,64341's S 520,$c51 $8381,194 $9,2z0.000 s9,n0,00i 510265000 :2,c65,000 'y •^ .. Regular Salary and Wages $ &95 ;-' $2,052,346 $2.21° . SZ,344,i116 $2,372 2:. .52528.902 +$134,856 CastaflHingft ctease FringeBeneiit $2,Aafl $2,000 ++0 $2.000 .000 $2,000 50 f CATaracs $137,795 �" $161,672 $179.317 179,317 $188 283 ' +58,966 Direetlycorresparxis FieliremmtConttiauttots $125,588 $147,727 $164,081 $1firi,081 $i72,285 +68,204 salaries Directly €3fe and CEeald dnswanre $294,174 $274,550 $3ii5,875 $503,261 5503,261 5543,682 1540,421 co orids tosalaries Estimated Increaseon insurance S2FY1920 Y otkers Compensation $10,311 $9,677 $1' r r $18 000 $1 : ` , 518, i $0. Pro►ecsionaJSmices-t :al $34,795 $30000 $32,500 $30,�.,�. $3F7,000 $30,00t1 $0 PI sianalServices $140,967 $161i,161 $148,409 S1 c_i-i:. $120,000. $120,000 -$50,000 irnar-GaremmeMalAdvoz Contraet Accuvntt and $22,000 $22.000 $16,000 ,500 S222,000 j25,500 Srs OtherCentractos 5ervicec $107,310 575,106 $132,000 149,742 $145,000 +513,000 Redessoil'tCansultantContract Tavel arrd Fer Diem $29,495 $54,5031• - $55,000 $55 coo $55,000 50 Comm unicationsand RelaSedServices $277,285 5152,942 $212.480 519i,2it0 $216,000 $22$,000 +530,900iner econhsaetrate and costs PostaPe 52,513 $4,176 52,777 53,000 83,000 S3,000 50 L t thitY $D $0 ' Rentals and sasses 5232,05fs 1111111•11111111MME1111111111117,4t1 $293 600 $293,500 5300,500 +56,900 tease renewal Repots'ance Services 53675 . SS 41.111111.r52.178 $5.80 55,000 $S,itt30 SD Prtntingand in = $12,687 $20,000 $20,000 520' .' 50 A5vevt.sirig an3 Reiatod Costs 5154,093 IIIIIIIi r: lc $215,172 5177,000 5187,20E $302,000 +$125,000 F395 Construction and Saper5ovri Markming Campaign. Otitce$uppltes $11,iO4 • .3 515,1ii8 512,090 512.976 $15.0 *53, increase of costs • rr t to.. 5 .. ies ...,en 0 { Nowt wet Sir $0 5d $0 SO PubOcSafetySuppi Subscriptions, Memberships, and ticanse5 -- $0 So S15,693 , t 517950 $1S.ik?0 $15,000 $25,000 +$10,000 New ER/Aaoundng/Pmarmnent System Tracnier 50 $ 50 50 $0 £upifaI Projects 6rtd Purchases � ��u� �'% ] $659,T62 $873,485 $ 770 MO 51,4d6,202 $1,485.000 285,EX0 5'i5nop ayfnding Expense paid All Other Expand lturea .:1,021 52,659,to8 Ss° 713.635 53,953,60i t53,S$7,656 55,034,200 +$1,080,605 Saperbbwl, Tech initiatives, Corporate Business Aecsuttmer%, Ambassadors R.,ydm, DET Program, NEAT Team, Dog Park, Resiliency Projects, DET Truck, Traitic Rrlhsgatfon Plan etc. Reserm 50 $Q $0 $0 Sri $ij $0 >::endltareGMndTenni .: -, i ::. ,tx7,Eiti, 7 510,069 5 53,8444,120 S12,9ac'152 $1.I76,7TT! aes ■nditurea Printed:7730 4: 93 9 5609,616 $677,9571 -$849� S124,201. $961. j •5rtt1,1 Page 1of1