HomeMy WebLinkAboutExhibitDowntown Development Authority of the City of Miami
Budget Template FY 2019-20 Proposed Budget
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 much 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
N/A
Revenues
Ad Valorem Taxes
$6,612,767
$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
$75,000
$58,398
$100,000
$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
$0
$0
Revenue Grand Total
$6,843,454
$7,526,504
$8,381,194
$9,220,000
$9,220,000
$10,285,000
$1,065,000
Carryover Funds from Prior Years
$0
$0
$0
$0
$0
$2,413,087
Total Revenues and Balances
$6,843,454
$7,526,504
$8,381,194
$9,220,000
$9,220,000
$12,698,087
Expenditures
Regular Salary and Wages
$1,895,238
$2,082,346
$2,214,558
$2,344,016
$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
FICA Taxes
$137,795
$151,212
$161,675
$179,317
$179,317
$188,283
+$8,966
Directly corresponds to salaries
Retirement Contributions
$125,588
$139,547
$147,727
$164,081
$164,081
$172,285
+$8,204
Directly corresponds to salaries
Life and Health Insurance
$294,174
$274,650
$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
$18,000
$0
Professional Services - Legal
$34,796
$30,000
$32,500
$30,000
$30,000
$30,000
$0
Professional Services
$140,867
$160,161
$148,403
$170,000
$120,000
$120,000
-$50,000
Inter -Governmental Advocacy Contract
Accounting and Auditing
$22,000
$22,000
$16,000
$25,500
$22,000
$25,500
$0
Other Contractual Services
$107,310
$75,106
$75,272
$132,000
$149,742
$145,000
+$13,000
Reclass of IT Consultant Contract
Travel and Per Diem
$29,495
$54,500
$56,267
$55,000
$55,000
$55,000
$0
Communications and Related Services
$277,286
$152,941
$212,480
$197,200
$216,000
$228,000
+$30,800
Increase contract rate and costs
Postage
$2,513
$4,176
$2,777
$3,000
$3,000
$3,000
$0
Utility
$0
$0
$0
$0
$0
$0
$0
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
$5,000
$0
Printing and Binding
$17,378
$15,835
$12,667
$20,000
$20,000
$20,000
$0
Advertising and Related Costs
$154,093
$143,434
$219,172
$177,000
$187,206
$302,000
+$125,000
1-395 Construction and SuperBowl Marketing
Campaign.
Office Supplies
$11,704
$13,425
$15,168
$12,000
$12,976
$15,000
+$3,000
Increase of costs
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
$15,693
$13,931
$17,950
$15,000
$15,000
$25,000
+$10,000
New ER/Accounting/Procurement System
Interfund Transfer
$0
$0
$0
$0
$0
$0
$0
Capital Projects and Purchases
$1,341,900
$668,261
$873,485
$1,770,000
$1,444,202
$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
$5,189,200
+$1,235,600
Superbowl, Tech Initiatives, Corporate Business
Recruitment, Ambassadors Program, DET Program,
NEAT Team, Dog Park, Resiliency Projects, DET Truck,
Traffic Mitigation Plan, etc.
Budget Reserve
$0
$0
$0
$0
$0
$0
$0
Expenditure Grand Total
$7,236,893
$6,916,888
$7,503,237
$10,069,575
$9,344,320
$11,401,352
$1,331,777
Funds Balances/Reserves
$0
$0
$0
$0
$0
$1,296,735
Total Uses
$0
$0
$0
$0
$0
$12,698,087
$0
Revenues Minus Expenditures
3/4/20133.56FM
-$ 393,439
$609,616
$877,957
-$849,575
-$124,320
$0-$266,777
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