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HomeMy WebLinkAboutSubmittal-Alyce Roberton-DDA Budget Template FY 2019-20Downtown Development Authority of the City of Miami Budget Template FY 2019-20 Proposed Budget Submitted into the public record for item(s) J-{ • `� on 'I 1Z 1, City Clerk FY 2015-16 Actual FY 2016-17 Actual FY 2017-18 Actual FY 2018-19 Budget FY 2018-19 Projection FY 2019-20 Proposed Difference Notes Number of Full -Time Positions 25 27 28 28 28 29 +1 Vacant Position - Business Development Senior Manager Are any positions funded in other budgets? No No No No No No If so, how moth is In this budget? N/A N/A N/A N/A N/A N/A If so, how much is in the other budget? N/A N/A N/A N/A N/A NIA Revenues t Ad Valorem Taxes $5,612,767 $7,274,524 $8,223,153 $9,120,000 $9,120,000 $9,920,000 +$800,000 Based on approved millage Grant monies $156,400 $7$,000 $58,398 $100.000 $100,000 S365,000 +$265,000 CRA-Extra team members ers )from 6 (+1 supervisor) to 18 (+2 supervisors) plus part time changed to full time, vehicle, equipment, ete.j Other $74,287 S176,980 599,641 $0 $0 $0 $0 Revenue Grand Total $6,843,454. $7,526,504 $8,3-81.194 $9,220,000 59,220,000 _ $10,285,000 51,o€s,000 Carryover Funds from Prior Years $0 $0 $0 $0 $0 $2,413,087 Total Revenues and Balances $6,843,454 $7,526,504 $8,381,294 $9,220,000 $9.220,000 $12,898,087 Fependltures Regular Salary and Wages $1,895,238 $2,032,346 $2,214,558 S2,344,016 $2,372,280 $2,528,902 +$184,886 Cost of !lying increase Fringe Benefits $2,000 $2,000 $2,000 $2,000 $2,000 52.000 S0 FICA Taxes $137,795. $151,212 5161,675 5179,327 $179,317 5188,283 +$8,966 Directly corresponds to salaries Retirement Contributions $125,588 _ 5139,5'47 $147,727 5164,082 $164,081 $172,285 +$8,204 Directly corresponds to salaries Life and Health Insurance _ $294,174 5274,650 $305,875 $503,261 $503,261 $543,682 +$40,421 Estimated increase on insurance cost FY1920 Workers' Compensation $10,311 $9,677 $13,007 $18,000 $11,989 518,040 $0 Professional Services - Legal $34,796 $30,000 $32,500 530,009 $30,000 $30,000 SO Professional Services 5140,867 $160,161 $148,403 $170,000 $120000 $120,000 -$50,000 Inter -Governmental Advocacy Contract Accounting and Auditing S22,000 $22,000 S16,000 525,500 $22,000 525,500 $0 Other Contractual Services 5107,310 $75,106 $75,272 $132,000 $149,742 $145,000 +$13,000 Reclass of IT Consultant Contract Travel and Per Diem 529,495 $54,500 $56,267 $55,000 $55,000 $55,000 50 Communications end Related Services 5277,286 5152,941 $212,480 $197,200 $216,000 $228,000 +$30,800 Increase contract rate and costs Postage 52,513 $4,176 $2,777 $3,000 $3.000 53,000 $0 LltihtO $0 $0 $0 $0 $0 $0 50 Rentals and Leases S232,056 $238,674 $261,441 $293,600 $293,600 S300,500 +$6,900 Lease renewal Repair and Maintenance Services 53,675 $5,944 $2,178 $5,000 $5,000 $5,000 $0 Printing and Binding $17,378 $15,835 522,667 $20,000 520,000 $20,000 50 Advertising and Related Costs $154,093 $143,434 $219,172 $177,000 $187,206 $302,000 +5125,000 1-395 Construction and Super Bowl Marketing Campaign, Office Supplies S11.704 $13,425 S15,168 $12,000 $12,576 $15,000 +$3,000 Increase of costs OperatinRSupplies $0 $0 50 50 50 $o $o Motor Fuel $0 $0 $0 SO $0 $0 $0 Public Safety Supplies $0 50 $0 $0 50 $0 $0 Subscriptions, Memberships, and Licenses $15,693 $13,931. $17,950 515,000 $15,000 $25,000 +$10,000 New ER/Accounting/Procurement System interfund Transfer $0 So $0 50 $0 $0 $0 Capital Projects and Purchases $1,341,900 $668,261 $873,485 $1,770,000 51,444,202 $1,485,000 -5285,000 Signage/Wayfinding Expense paid All Other Expenditures 52,381,021 $2,659,06B $2,712,635 $3,953,500 $3,537,655 $5,189,200 *$1,235,600 Super bowl, Tetli hrilialivu, Corporate Buxinxss Recruitment, Ambassadors Program, 0E7 Program, NEAT Team, Dog Park, Resiliency Projects, DE7 Truck, Traffic Mitation Plan, etc. Budget Reserve $0 $0 $0 SO SO $0 50 Expenditure Grand Total 57,236,893 56,916,888 57,503,237 510,069,575 $9,344,320 511,401,352 $1,331,777 Funds Balances/Reserves $0 $0 $0 $0 $0 $1,296,735 Total Uses $0 $0 50 $0 $0 $12,698,087 $0 Printed: 9/12/2019 3.:52 PM Pagel of2 3 l C a SLA3m-t # N1 - AV -Ace_. rbob2RA- Sin - (N>A- ibu/442; 20 I a -2J Downtown Development Authority of the City of Miami Budget Template FY 2019-20 Proposed Budget Submitted into the public l+_ record f r iteim(s) j . T On j e l 14i City Clerk FY 2015-16 Actuat FY 201G-17 Actual FY 2017-18 Actual FY 2018-19 Budget FY 2018-19 Projection FY 2019.20 Proposed DifferencelNotes Number of Full -Time Positions 25 27 28 28 28 29 +1 Vacant Position - Business Development Sensor Manager Are any positions funded in other budgets? No No No No No No If so, how much Is in this budget? N/A N/A N/A NIA N/A N/A If so, how much is in the other budget? N/A N/A N/A N/A N/A NiA [Revenues Minus Expenditures -5393,434 $609,616 $877,957 -$849,575 -$124,320 $0 Printed: 9/12/20193:52 PM -$266,777 Page 2 of 2