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Composite Exhibit A SUB
THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. /1:,1 1-4 Omni CRA OMNI Community Redevelopment Agency Legislation OMNI CRA Resolution: CRA-R-20-0011 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 7797 Final Action Date: 8/3112020 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI- DADE COUNTY. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area; and WHEREAS, as a prerequisite to carrying out Fiscal Year 2020-2021 redevelopment activities, the Board of Commissioners must approve the CRA's proposed General Operating Budget and Tax Increment Fund Budget ("Budget") for the Fiscal Year commencing October 1, 2020 and ending September 30, 2021 ("Fiscal Year"); and WHEREAS, the CRA's Budget is in the total amount of $62,856,996.00 for the Fiscal Year, and WHEREAS, unused portions of line items 3 and 23 of the Fiscal Year 2019-2020 Budget will be rolled over to the CRA's Fiscal Year Budget; and WHEREAS, a copy of the Budget is required to be transmitted to the City of Miami ("City") and Miami -Dade County ("County"); NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Budget for the Fiscal Year, attached and incorporated as Exhibit "A", is approved and adopted. Section 3. The Executive Director is directed to transmit a copy of the budget to the City and the County. Section 4. This Resolution shall become effective immediately upon its adoption. City of Miami Page I of 2 Rio ID: 7797 (Revision: A) Printed On: 9/3/2020 7791 Composite Exhibit A SUB THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Flle ID: 7797 Enactment Number. CRAM20.0011 APPROVED AS TO FORM AND CORRECTNESS: Bamaby L. Min, Deputy City Attorney 9/3/2020 City of/Wend Page 2 o! 2 File ID: 7797 (Revision: A) Printed on: 9/3/2020 EXHIBIT A THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. QR+WI.TAX IHCRIMENT;FUND BUDGET ~e, . FY 2021 PROPOSED BUDGET FY 2020 ADOPTED BUDGET BUDGET VARIANCE REVDRJBL CITY OF MIAMI -TAX INCREMENT $18.726.124 $16,97%009 $1.751,113 M IAM I DARE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $11 40k,481 $10,465,562 $93S 919 CITY OF IAAMI -TAX INCREMENT 12009 ADDfiON EXPANDED BOUNDARIES) $650,015 $531,887 $118,328 MIAMIDADECOUNT( - TAX INCREMENT (7.009ANATION EXPANDED BOUNDARIES) $395.021 $32'7.756 $67,266 Te dTIFResumes SILVIA/ q , 2020 FUND BALANCE LOAN SERIFS 2018 A and 2018 B (Funds held 6y Bank Linked) $11,767,372 $11,755,752 $11,620 TRANSFER FROM MIDTOWN CRA (Adminlsatlon) $48,467 $88,837 $9.630 RENT INCOME $80,000 $101,481 -$21,481 2020 CHILDREN TRUST CONTRIBUTION $1,243,306 $1.132,001 $114,909 2020 ESTIMATED FUND BALANCE (It ind des the 515v2.500-Paim wlsamerdfrom Leen ..... - $18,491,610 S12,667,206 $5,824,904 ..w*: ! J4,9P i5354 4 3 $4811,6051 1';• i 1.,y. ACCOUNTING AND AUDIT $15,000 $15,000 $0 PROFESSIONAL SERVICES -OTHER $325,920 $603,384 -$277,464 OTHER CONTRALTI% SERVICES $300,000 $638,692 4338,692 INTERFUNDTRANSFER (Debt Service) $2,814,240 $7,046,026 -$4,231.886 1NTERFUFDTRANSFER (Gnat) $812.500 $2.501,723 $1.683.2231 OTHER CURRENT CHARGE $1,500,000 $9,905.005 $8.403,005 • t "./ IS D D $35,901.708 $28,633.6 37,268,069 .MI mtinst REGULARSALARIES $913,640 $842,S46 $71,100 RCA TAXES $69.898 $64;,434 $5,439 UTE AND HEALTH INSURANCE $120,000 $90,000 $30,000 RETIREMENT CONTRIBUTION $50,000 $50,000 $0 FRINGE BENEFITS $54,500 $54,500 $0 OTUtatCANTRACTUALSERVICE $130,000 594000 $44000 TRAVEL AND PER DIEM $30,000 $30,''' $0 UTILITY SERVICE $20,300 $ •, , , $0 INSURANCE $14000 $104,166 $10,834 OTHER CURRENT CHARGE $216,867 $ 99,596 $17,271 SUPPLIES $14000 $14000 50 OPERATING SUPPLIES $10,000 $10,000 $0 SUBSCRIPTION MEMBERSHIP S17,000 $17,000 so MACHINERY AND EQUIPMENT $6.000 $24,000 $18.000 AUVERTTSING $30,000 $30.000 $0 RO AL AND LEASES $8.600 $3,600 SO POSTAGE $2.OD0 $2,000 $0 REPAIR/MAINTENANCE -OUTSIDE $2,000 $2.000 $0 INTERMIX) TRANSFER $18,100 $18.000 S0 iddhtssilttWki reeleMeu UAW. RESERVE FOR 2007GLOBALAGREEMENT (TUINNEL) $4,232,000 SO $4.231.000 RESERVE FOR 2007 GLOBAL AGREEMENT (85% PAQ $10,910,424 $0 $10,914424 RESERVE FOR RITERLOCAI,CIHILDREN'STRUST $1,240,906 $0 $1,246,906 RESERVE FOR MIDTOWN ADM EXPENDITURES $98r467 $88,837 $9,630 RESERVE FOR SECURITY DEPOSIT- MEC 5125,000 $125,000 $0 $40,000 $40.000 $0 RESERVE FCR SECURITY DEPOSIT-14016RROUP LLC RESERVE FOR CAPITAL O(PEID TURES 54311,442 $1,280,669 $30,783 RESERVE - BILLBOARD IINCOME GENERATED) $90,322 $0 $30,322 RESERVE FOR PAYMENT OFPROPERTY TAXES -MEC $209,867 $192,596 $17,271 RESERVE FOR LOAN PROCEEDS SERIES 2019 A A B $47,500 $47,500 $0 RESERVE FOR UNSOUCITATED PROPOSALS $50,000 $54000 $0 2019 BUDGET RESERVE (Budget Surplus) $28,1193 $94,702 -$66,809 2020 BUDGET RESERVE $249,298 $1,119,471 -$870,173 Jo $739 .609 �'x•�i.: ':1,(: �. lip: witX�;+n wt����y SA2.739,999 $B'4.MS94 $6,612.601 The Agencys abgdedco with aspect ta Mmarva Park order the tit dial Interlaced *punned fire dae+t4ct of coping dboanio n between the Oty ad the ApoeP The Mrtedead Agreement addations Wade the aaolntr monk In accordance ance .Ah do adel eel terror of due 6iebol Interlace, Agreement in4/wsudt ether moist or shad be determined by thercaohatlon a/Such oagwdp dts usslae (both/ no mat stoma nand the metres p•Uabs under the Wend terms a/the Gbh%Interlace Agree anent with respect to Museum Park) N ?MVP Revenue 2921TIP Rev for ARbvdrbie Hondas % 2021 Budget Int AffordMMe Hoo d% B) $111,17$441 *UAW* 104 2821 TIF Revenue $31.172.641 2021 AdmialstretIve Expenditures STAM0o %AdminiWstM Taw/ 2021 TiF Ammo 0% C) solos Roam (2019,21120end 2021) Tod%NM Budget % 2011 Bedard Reneve / Toted 2021 Bedsit 7797 Exhibit A -SUB 1 $1.114006 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. EXHIBIT- A ;• - g .• lA SIAX RIq pITFUND 6k7 - - -'• • •.. - • .FY2021 PROPOSED BUDGET FY 2020 ADOPTED edDe6± BUDGE VARIANCE REVENUES CITY OF MIAMI -TAX INCREMENT $18,726,124 $36,976,00? 51.751,11E MIAMI DADE COUN1Y-TAX INCREMENT (ORIGINAL BOUNDARIES) $11,401,481 S10,465,562 $935,919 CITY or WWI - TAX INCREMENT (Z009 ADDITION EXPANDED BOUNDARIES) $650,015 $531,687 $111,328 MIAMI DADE COUNTY -TAX INCREMENT(2009 ADDmON EXPANDED BOUNDARIES) $395,021 $327,756 $67,265 Total Tr Ravanum E1 /MU • ' 2020 FUND BALANCE LOAN SERIFS 201E A and 2018 B (Wilde heal by Bank United) $11,757,372 Si ,?5s,752 Oa,. , TRANSFER FROM MIDTOWN CM jAdmiMstratlani $98,467 $88,837 ,630 RENT INCOME $00,000 $101,481 1.481 202008LDREN TRUST CONTRIBUTION $1,246,906 $1,132,001 14,905 202D ESRTAMTED FUND BALANCE 1111ne udea The $4 SS2,500 - Reitabarsemant Ram Loan $18,491,010 $12,667,301 ,304 $eftfes��20 ,1pI,'yy't -ti `�, .. s .. $154.045 , -S, 11,6N - ACCOUNTING AND AUDIT $15,000 ,000 $0 PRO4 SSIONM SERVICES - OTHER $325,920 - .' ,384 4277,464 OTHER CoNTRACTUALSERVIC6S $300000 $638,692 4=38,692 'MERCUNDTRAMPER (Debt Service) 57,045,1 • $7,046,026 -$886 INTERFUND TRANSFER (Grant) $2 •-= .• • $2,501,723 -5442,317 OTHER CURRENT CHARGE Sio • ' 4 $9A05,005 $1,005,419 01aoroxfSAND AIDS $37 70B $28,04,3' $1,758.009 ' ` ' REGULAR�ES� $913.640 $842,540 $71,100 FICA TAXES $69,893 5 .454 $5,439 LIFE AND HEALTH INSURANCE $120.000 $90,000 530,000 RETIREMENT CONTRIBUTION $50.000 $50,000 $0 FRINGE BENEFITS 554,500 S54,5%D SO oTHERCONTRACTUALSERVICE $130,030 $90,000 S40,003 TRAVEL NOD PER DIEM $30,009 $30,000 S0 UTILBY SERVICE $20,300 $20.300 $0 INSURANCE $i. s,uuo $104,166 $10,834 OTTER CURRENTcHARGE $216,887 $199,596 $17,271 SUI*UES $10.000 $10,000 SO OPERATINGSUPPUES $10,000 $10,000 $0 SUBSCRIPT/ON taE BERSNIP $17,000 $17,000 $0 MACHINERY AND EQUIPMENT $6,000 $24,000 -$18,000 ADVERTISING $30,000 $30,000 S0 RENTAL AND LEASES $3,600 S3,600 $0 POSTAGE $2.000 $2.000 SO REPAIR/MAINTENANCE •OUTSIDE $2,000 $2,000 $0 IP(TE UNDT*ANSR31 Twre+.trr___ MAIN �,*,4Q $i� nn;,�; ff�E , RESERVE FORMIDTOWN ADM EXPEND11UREs $981467 %M3T $9 RESERVE FOR SECURITY DEPOSIT • MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEP051T -1401 GROU' • $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES S1,311,442 $1,280,659 530,783 RESERVE - BILLBOARD (INCOME GENERA •. $80,322 SO $80,322 RESERVE FOR PAYMENT OF PROPERTY T • .. - MET $209,961 $192,596 S17,I71 RESERVE FOR LOAN PROCEEDS SERI ' 19 A & e $47,$00 $47,500 $0 RESERVE FOR UNSOUCITATED P • • .:. $50,000 MAW $0 2019EUDGETRESERVE (Budget ) 528,s93 $95.702 -WAN 2020 BUDGET RESERVE 5249,296 $1,119,471 -$070,173 „K t._ $739,809 K. yero: The Apeulrs ob6l Napa sp MuseumPark wider the Mabel lnovloml Ail In$I F are the sseVeerof ongoing discussion betweai the CQyand the Agony. The Aprsemeet Obligations 1nA.,M the amounts Payable h eowrciomae with the Mend tenth of the Glob@ &IOH1easi Agreemtent en4Vor sods other as dw►pbe deermMed by the resolution 4f such erg &,csi sloes fbut In no ow* shall soused the emooets Paf'abte order the MOW of the dobof Interfoad Agreement eAt6 respect to Museum Pork) a 202L 11P Revenue 2F;i1 Tr Rev for Affordable Hwang % 2021 Budget for Affo►debie Housing $01.172,641 $3417,284 1011 BY 20211WRevenue $33472.641 2071AdM11MWe1I eExpondibms $1.2111.800 %Administrative Ems / 2021 IT %4evanua B% Q 7 Oudo t f, 20BD arid20Z1) Sats5096 % 2021 liolgotMunro/T0 I2022Be0et 1.si% THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Omni CRA OMNI Community Redevelopment Agency Master Report Enactment Number CRA-R-20-0011 OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 httD://miamicra.com FIIe Number: 7797 File Type: OMNI CRA Resolution Revision: A File Name: Approving Omni CRA's General Operating Budget & Tax Increment Fund Budget for FY'20-'21 Requesting Dept: OMNI Community Redevelopment Agency Status: ADOPTED WITH MODIFICATION(S) Controlling Body: OMNI Community Redevelopment Agency Introduced: 8/21/2020 Final Action Date: 8/31/2020 Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. Notes: Emile: Attachments: 7797 Exhibit A -SUB (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Bamat , L. Min 8/21/2020 OMNI Community 8/31/2020 Redevelopment Agency OMNI Community 8/31/2020 Redevelopment Agency A Bamaby L. Min 9/3/2020 A City Clerk's Office 9/3/2020 Approved Form and Correctness Meeting ADOPTED WITH MODIFICATIONS) Approved Form and Correctness with Modlfication(s) Rendered Completed Completed Passed Completed Completed City of Miami Page 1 of 1 Printed on: 9/32020 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. ©MNI TAX, INCITER NTfUND BUDGET t ..... - FY 2021 PROPOSED BUDGET' FY 2020 ADOPTED BUDGET • BUDGET VARIANCE REVENUES CITY ofMIAMI- TAX INCREMENT $18,726,124 $16,975,009 $1,751,115 MIAMI DADE COUNTY • TAX INCREMENT (ORIGINAL BOUNDARIES) 511,401,481 $30,465,562 $935,919 CITY OFMIAMI- TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $650,015 $531,687 $118,328 MIAMI DADE COUNTY - TAX INCREMENT (2009ADDITION EXPANDED BOUNDARIES) $395,021 $327,75.6 $.67,265 Total TiF Revenues 141•172 et1 2020 FUND BALANCE MAN SERIES 2018 A and 2018 9 (Funds held by Banc United) $11,767,372 $11,755,752 $11,620 TRAMEER FROM MIDTOWN CAA (Adminhuation) $98,467 $88,837 $9,690 RENT INCOME $80,000 $101,481 -$21A81 2020 CHILDREN TRUST CONTRIBUTION $1,246,906 $1,132,001 $114,905 2020 ESTIMATED FUND NUANCE (It Includes the $4,552,500 - Reimbursement from Loan $18,491,610 $12,667,306 $5,824,304 Sevin 2018A TOTAL' ., ;:;.:,- - t.' .,5IZ$5tl96 -:554,045,391 $8.811',605 JI$0$l +iENtEXFUO MES.' , ACCOUNTING AND AUDIT $15,000 $15,000 $0 PROFESSIONAL SERVICES -OTHER $325,920 $503,384 -$177A64 OTHER CONTRACTUAL SERVICES $300,000 $638,682 •$338,692 INTERFUND TRANSFER (Debt Service) $2,814,L40 $7,044026 -$4,231,886 INTERFUND TRANSFER (Giant) $812 500 $2,501,723 -51,689,223 OTHER CURRENT CHARGE $11,800000 $9,905,006 -$8,405,005 OTHER GRANTS ANDAIDS $35,9(11,703 $28,633,6394 $7,268,069 0'41IHj rRAT175'OWE:T1URTEL' ' REGULAR SALARIES $913,640 $842,540 $71,100' RCA TAXES $59,893 S64,454 $5,439 WE AND HEALTH INSURANCE $120,000 $90,000 $30,000 RETIREMENT CONTRIBUTION $50,000 $50,000 $0 FRINGE BENEFITS $54500 $54,500 $0 OTHER CONTRACTUAL SERVICE $130,003 $90,000 $40,000 TRAVEL AND PER DIEM 530,000 $30,000 $0 UNITY SERVICE 520,300 $20,300 $0 INSURANCE $115,003 $104,166 $10,834 OTHER CURRENT CHARGE $216,867 $199,596 $17,271 SUPPUES $10,000 $10,000 $0 OPERATING SUPPLIES $10,000 $10,000 $0 SUBSCRIPTION MEMBERSHIP $17,000 $17,000 SO MACHINERY AND EQUIPMENT' $6,000 $24,000 -$18,000 ADVERTISING $30,000 $30,000 SO RENTAL AND LEASES $3,600 $3,600 $0 PO5I'AGE $2,000 $2,030 $0 REPAIR/MAINTENANCE-OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSFER $18000 518.000 50 SY4m rotdJ1#*Ie,.a,e OAMati RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL) 54 231,00D $0 $4,231,000 RESERVE FOR 2007MORAL AGREEMENT (3.5%PAC) $10,910,424 $0 $10,910,424 RESERVE FOR INTERLOCAL CHILDREN'S TRUST $1,246,906 So $1,245,906 RESERVE FOR MIDTOWN ADM DIPENDFTURFS $98,467 $88.837 59,630 RESERVE FOR SECURITY DEPOSIT- MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT -1401 GROUP LLC $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES $1,311,442 $1,280,659 $30,783 RESERVE - BILLBOARD (INCOME GENERATED) $80,322 $0 $30,312 RESERVE FOR PAYMENT OF PROPERTY TAXES-MEC $209,867 $192,596 $17,271 RESERVE FOR LOAN PROCEEDS SERIES 201E A & B $47,500 $47,500 $0 RESERVE FOR UNSOUCITATED PROPOSALS S50,000 $50,000 SO 2019 BUDGET RESERVE (Budget Surphts) $28,893 $95,702 -$66,809 2020 BUDGET RESERVE $249,298 51,119,471 -$670,173 2021BUDGET $739,809 $0 S739809 D1RIe51jN[3�.k� ... ,,.--..1'« ..: $62,856,996: '$54,045,391 $8,811.605 The ABenays obligation with respect to Museum Pork under the Global Mtertanl Agreement are the subject of ongoing discussion between the 13y and the Agency. Thekerriocol Agreement Obligations include the amounts payable to riccordanar Mtn the MONO terms of the ebbed interlace! Agreement and/or such other amount os shalt be determined by the resolution of such ongoing distvadons gint In no went shall exceed the amountspmmobkunder the original teems of the Global knerkcalAgreement with respect to Museum pork.) p) 20Z .TIF Revenue 202111F Rev for Affordable Hoctsb% % 2021 Budget for Affordable Housing $31,172,641 S3,117,264 1O% B) 202171F Revenue $31,172,641 2021 Administrative Expenditures $1,818,800 % Adminis tative Edp / 1021 TIF Revenue 6% C) Budget Reserve (2019. 2020 and 1021) $1,016,000 Total 2021 Budget $61,156,996 % 2021 Budget Reserve / Total 1021 Bddeet 1.62% THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Omni CRA Budget Template FY 20-21 Proposed Budget FY 2015-16 Actual FY 2016-17 Actual FY 2017-18 Actual FY 2018-19 Actual FY 2019-20 Budget FY 2019-20 Proiection FY 2020-21 Proposed Difference/Notes Number of Full -Time Positions 11 11 12 +1 411100 434000 437000 439000 448000 461100 461110 461300 462000 469000 481000 481100 512000 514000 516000 521000 522000 523000 531000 531010 532000 534000 540000 540010 541000 541100 543000 544000 545000 546000 547000 548000 548100 549000 551000 552000 552200 554000 661000 663000 664000 670000 881000 883000 891000 895000 896000 899000 Are any positions funded In other budgets? No No No If so, how much is in this budget? If so, how much Is In the other budget? [Revenues _ Ad Valorem Taxes -Real 5E4,9,18,972 $18.129,129 118 721,974 .19,974,301 $29,432,015 $29,406.714 $32,419.547 +$2,987,532 State Grants -53,287 $0 $0 _ $0 $0 S0 50 50 Grants From Other Local Unit 5541,493 $0 50 $0 SO $0 _ $0 $0 Prins Other Local U In lieu 0 50 50 58,333 $0 50 SO $0 SO CFS-Rents And Royalties 50 $0 50 S0 50 50 $0 $4 Misc-Int & Pen -Lot Clear & D 50 50 $0 $0 50 $0 $0 50 Misc-Int & Pen -Investment $60,142 $188.888 5251,459 5240,852 50 5115,254 50 $0 Misc-Net Increase Decrease I 57.545 -513,891 -$2,676 523,057 $0 5430 $0 50 Misc-Red Licht Camera Fines 50 $0 $0 $0 50 $0 50 $0 Misc-Other Miscellaneous Rev 51,434,060 5609,028 52,091,811 9493,951 511,946,070 $195,445 $11,945,839 $231 Other-Interfund Transfer _ $0 549,466 $64,282 S0 $0 $0 50 $0 _ Other-Intrafund Transfer 5506,579 _-$10,429 $0 54.610,000 50 50 $0 50 Fund Balance -Carryover 50 50- $0 __ 50 512,667,306 50 518,491,610 +55,824,304 Revenue Grand Total S17,590,504 518,952,190 521,135,182 525,342,161 554,045,391 _ $29,717,843 562,856,996 _ $8,811,605 _ E.pnrlditures _ Regular Salaries and Wages 55,a1E $456,585 S455.220 $528,285 $842,540 5570,181 $913,640 +571,100 Overtime SO 50. 50 50 50 SO 50 50 Fringe Benefits $19Q $22,001 522,404 S21,922 $54,500 $1,661 S54.500 55 _ Fica Taxes $431 935,435. $34,518 $39,903 5564,454 543,185 S69,893 _ +55,439 Retirement Contributions 56,355 520,972 523,861 527,364 550,000 524.525 550.000 50 _ Life and Health Insurance 50 543,238. 574,476 $82,385 590,000 577 874 5120,000 +530,000 Professional Services $313,430 _ $132.704 5214,454 5683.379 $603, 84 5122,077 5325,920 -5277,464 Professional Services -Legal 54,800 50 S143 50 50 $0 _ 50 $0 Accounting and Auditing 5O $0 $0 $0 515,000 515,000 S15,000 $0 Other Contractual Services 57.0,681 $605.593 5350,613 $175,434 5728,692 _ $121.639 5430,000 -5298,692 Travel and Per Diem 50 _ $2,226 $7,081 $9,895 530,000 _ 4.550 530,000 50 Training 50 $0 $6.399 50 50 $0 _ $0 50 _ Communications & Related Ser 50 $463 $0 _ $0 50 $0 50 _ SO Postage 50 534 5846 $55 $2,000 $38 52.000 SO Utility Services 5O $17,260 $15,135 $29,623 570,300 512,472 $20,300 $0 Rentals and Leases 5192 52,863 50 $1,552 53,600 $0 S3,600 S0 Insurance _ 50 $130,112 $208,530 _ $133,692 5104.166 530.621 $115,000 t $10,834 Repair and Maintenance Servi 50 $1,814 54,699 $1,138 53000 $0 52.000 $O _ Printing and Binding SO $0 $0 $0 $0 $0 $0 50 Promotional Activities _ 50 50 50 $0 50 $0 0 S4 Advertising and Related Cost _ $0 523,386 $20.169 526,838 530,000 56,423 530,000 5O Other Current Cha50es and Ob 55,876,128 $6,997,785 57,256.584 57,668.537 5199,596 $16,261 $216,867 +517,271 Office Supplies SD $10,542 _ $5,852 $9,738 $10,000 $3 698 _ $10.000 $0 Operating Sup plies 50 $4..839 55,624 59.194 $10,000 $243 $10,000 50 Clothing/Uniform Supplies i0 50 S0 $0 50 $0 $0 50 Subscriptions, Memberships. 50 $8,949 9,380 515,054 517,000 $7,310 _ 517.000 50 Land _ $0 $4,508,613 $0 5397,726 Soo. 50 $0 Improvements Other Than Buil 50 $0 $0 SO 501 50 $0 $0 Machinery and Equipment 50 56,771 S0 518,252 $24,000 $5,020 $6,000 -518,000 Construction In Progress 51,994,076 $1,485 $0 $123,786 SOS 50 _ S0 50 _ Aids to Government Agencies 50 50 _ $0 _ 50 50 50 S0 . 50 Other Grants and Aids 52,179,365 53.242,281 54.196.713 52,452.223 526,633,639 53,515,099 $37,401,708 +58,768,069 Transfer Out-Interfund Trans 55,504,16S 96.910563 _ 55.460.786 56.976,158 54,249,000 $4,231,000 54.231,000 -518,000 Other Nonoperating Uses .51,000 50 30 $0 SO _ _ 50 S0 50 Budget Reserve 5O 50 $0 SO SO SO SO SO Other Uses 50 50 50 50 518,261,520 S14,639,231 S18,782,568 +5521,048 Expenditure Grand Total 515,906,222 $23,186,513 $18,373,486 $19.432,131 554,045,391 523,448,106 562,856,996 50,811,605 Revenues Minus Expenditures $1,684,282 -$4.234,323T 52,761,697 $5,910,0301 SO 56 269 737 $01 SUBSTITUTED TO BE SUBSTITUTED Composite Exhibit A: OMNI CRA's Board approval of August 31, 2020, all attachments thereto, and required Budget Form SUBSTITUTED • - ' r OMNI TAB INCREMENT FUND BUDGET • FY'2021 : PROP PROPOSED BUDGET FY 2020 ADOPTED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI -TAX INCREMENT $18,726,124 $16,975,009 $1,751,115 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $11,401,481 $10,465,562 $935,919 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $650,015 $531,687 $118,328 MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $395,021 $327,756 $67,265 Total TIF Revenues $31,171,641 2020 FUND BALANCE LOAN SERIES 2018 A and 2018 B (Funds held by Bank United) $11,767,372 $11,755,752 $11 . 0 TRANSFER FROM MIDTOWN CRA (Administration) $98,467 $88,837 ,630 RENT INCOME $80,000 $101,481 -21,481 2020 CHILDREN TRUST CONTRIBUTION $1,246,906 $1,132,001 $114,905 2020 ESTIMATED FUND BALANCE (It Includes the $4,552,500 - Reimbursement from Loan $18,491,610 $12,667,305 $5,824,304 Series 2�0.1-8�A 1y.410T3ENtlis.:.::-;a:•.-; j...., ...r'.:•s'.,;,:.. _ s:.:::: • '$62:85E;996 $54,045." • :$8,811,605 IditEVELORM Ertl:, iiiiFffiDir0HWS':::.,:.' ''';, ACCOUNTING AND AUDIT $15,000 ,000 $0 PROFESSIONAL SERVICES - OTHER $325,920 603,384 -$277,464 OTHER CONTRACTUAL SERVICE'S $300,000 $638,692 -$338,692 INTERFU ND TRANSFER (Debt Service) $7,045,140 $7,046,026 -$886 INTERFUND TRANSFER (Grant) $2,059 :' • $2,501,723 -$442317 OTHER CURRENT CHARGE $10,91' •24 $9,9135,005 $1,005,419 OTHER GRANTS AND AIDS S37,•.' ,708 528,633,639 -S,768,069 ABMINisTRATIVt EXPENDITURES'.: `• - REGULAR SAIARIES $913,640 5842,540 $71,100 FICA TAXES $69,893 $64,454 $5,439 LIFE AND HEALTH INSURANCE $120,000 $90,000 $30,000 RETIREMENT CONTRIBUTION $50,000 $50,000 $0 FRINGE BENEFITS $54,500 $54,500 $0 OTHER CONTRACTUAL SERVICE $130,000 $99,000 $40,000 TRAVEL AND PER DIEM $30,000 $30,000 $0 UTILITY SERVICE $20,300 $20,300 $0 INSURANCE $115,000 $104,166 $10,834 OTHER CURRENT CHARGE $216,867 $199,596 $17,271 SUPPLIES $10,000 $10,000 $0 OPERATING SUPPLIES $10,000 $10,030 $0 SUBSCRIPTION MEMBERSHIP $17,000 $17,000 $0 MACHINERY AND EQUIPMENT $6,000 $24,000 -$18,000 ADVERTISING $30,000 $30,000 $0 RENTAL AND LEASES $3,600 $3,600 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSFER 18,000 $18,000 $0 ToUlAdufdstrNM repmAtum $1,11E,aO ,, :,:f _::•>. .: •.' ::-'.: :;-r. ..:.. G_..•. :.. .,, RESERVE FOR MIDTOWN ADM EXPENDITURES $98,467 $88,837 59,630 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT -1401 GROUP $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES $1,311,442 $1,280,659 $3D,783 RESERVE -BILLBOARD (INCOME GENERATE1 $80,322 $0 $80,322 RESERVE FOR PAYMENT OF PROPERTY • - MEC $209,867 $192,596 $17,271 RESERVE FOR LOAN PROCEEDS SERIES 9 A & 8 547,500 547,500 $0 RESERVE FOR UNSOUCITATED PRO' • • • L5 $50,000 $50,000 $0 2019 BUDGET RESERVE {Budget 5 ' lus) $28,893 $95,702 -$66,809 2020 BUDGET RESERVE $249,298 $1,119,471 -$870,173 2021 BUDGET RESERVE 5739,809 $0 $739,809 TC1TkLFGN[AI FllAI�F._ _ . -..'. `': :`� . . 562,856,996 554-,045,391 = $8,811,6115 S0 50 SO The Agency's obligation respect to Museum Park under the Global Interlace! Agreement are the subject of ongoing discussion between the City and the Agency. The Inter} I Agreement Obligations Include the amounts peyebie in accordance with the original terms of the Global Interlocal Agreement and/or such other a ntas shall be determined by the resolution of such ongoing discussions (but in no event shall exceed the amounts payable under the original terms the Global lnterlocol Agreement with respect to Museum Park.) A) B) C) 2021 TIF Revenue 2D21 Ti F Rev for Affordable Housing % 2021 Budget for Affordable Housing $31,172,641 $3,117,264 10% 2021 TIF Revenue $31,172,641 2021 Administrative Expenditures $1,818,800 % Administrative Exp / 2021 TTF Revenue 64i Budget Reserve (2019, 2020 and 2021) $1,018,000 Total 2021 Budget $62,856,996 % 2021 Budget Reserve / Total 2021 Budget 1,624E 1 mni CRA B et Template FY 20-21 Proposed Budget SUBSTITUTED FY 2015-16 Actual` FY 2016-17 Actual FY 2017-18 Actual/ FY 2018-19 Actual/ FY 2019-20 Budget FY 2019-20 Protection FY 2020-21 Proposed Difference/Notes Number of Full -Time sitions 11 11 12 +1 Are any positions funde other budgets? No No Nu If so, how much is In this budget _ If so, how much Is In the other budge _ 411100 434000 437000 439000 448000 461100 461110 461300 462000 469000 481000 481100 512000 514000 516000 521000 522000 523000 531000 531010 532000 534000 540000 540010 541000 541100 543000 544000 545000 546000 547000 548000 548100 549000 551000 552000 552200 554000 661000 663000 664000 670000 881000 883000 891000 895000 896000 899000 [Revenues _ Ad Valorem Taxes -Real 5E4,948,972 $18,129,129 518721,974 19,974,301 529,432,015 $29,406.714 $32,419.547 +$2,987,532 State Grants -53,287 $0 $0 _ $0 $0 SO SO $0 Grants From Other Local UMt 5641,491 _$0 50 $0 SO $0 $0 $0 Ports Other Local U In lieu 0 SO 50 _ 58,333 $0 SO SO 50 50 CFS-Rents And Royalties 0 $0 $0 S0 SO $0 $0 50 Misc-Int & Pen -Lot Clear & D 5 $0 50 $0 50 $0 $0 50 Misc-Int&Pen-investment $60,142 $188,888 5251,459 5240,852 SO 5115,254 50 50 Misc-Net Increase Decrease I $.2.545 -513,891 -$2,676 523,057 $0 5430 SO 50 Misc-Red Licht Camera Fines 50 $0 $0 $0 50 50 $0 SO Misc-Other Miscellaneous Rev $1,434,060 9,028 $2,091.811 5493;951 511,946,070 $195,445 $11,945,839 $231 Other-Interfund Transfer _ $p 5 66 564282 SO 50 $0 50 50 _ Other-Intrafund Transfer 551b,529 _ -510,4 50. 54.610,000 5O 50 $0 SO Fund Balance -Carryover SO SO $_0 50 IZ, 5 6E7,308 50 $18,493,610 + 55,824,304 Revenue Grand Total S17,590,504 518,952,190 521,135,182 $25,342,161 $54,045,391 _ $29,717,843 562,856,996 _ $8,811,605 _ Expenditures _ _ - :. Regular Salaries and Wages i'pll 5456,585 , 20 J528,285 $842,540 5570,181 $913,640 +571,100 Overtime SO 50. - S0 50 So 50 50 Fringe Benefits 5190 $22,001 522,404 S21,922 $54,500 51,661 S54.500 4t� _ Fica Taxes $431 535,435. $34,518 539,903 $84,454 543,185 569.893 _ _ +55,439 Retirement Contributions 56,355 520,972 523,861 $27,364 550,000 S24.525 550.000 50 _ Life and Health Insurance _ $0 543,238. 574,476 82,385 590,000 577 874 5120,000 +530,000 Professional Services $313,430 _ $132.704 $214,454 .• ,379 $503, 84 $122,077 $325,920 -$277,464 Professional Services -Legal 55,800 50 5143 50 $0 _ SO $0 Accounting and Auditing 5O $0 $0 $0 515,000 515,000 515,000 $0 Other Contractual Services 520,681 $605.593 5350,613 5175.434 5728,692 $121.639 5430,000 -5298,692 Travel and Per Diem 50 _ $2,226 $7.081 $9,895 $30,000 S.4.550 S30,000 50 Training $0 $0 $6,399 S0 5O $0 _ $0 SO _ Communications & Related Ser $0 $463 $0 _ $0 50 $0 50 _ SO Postage $0 534 5846 $55 5„"r0 $38 _ $2.000 SO Utility Services 5O $17,260 $15,135 $29,623 520,30. 512,472 $20,300 $0 Rentals and Leases S192 S2,863 SO $1,552 53,500 $0 53,600 SO Insurance _ $0 $130,112 $208,530 _ $133,692 5104,166 530.621 $115,000 t510,834 Repair and Maintenance Servi 50 51,814 54,699 $1,138 52,000 $0 52,000 $0 _ _ Printing and Binding SO - $0 $0 5o 50 $0 So Promotional Activities _ 50 __-----P 50 50 $0 50 $0 $0 50 Advertising and Related Cost _ 50 523,386 $20,169 $26,838 530,000 56,4 S30,000 50 ~ Other Current Charges and Ob 55,826,128 $6.997,785 57,256,584 57,668537 $199,596 $16,261 $216,867 +$17,271 Office Supplies $0 $10,542 _ $5,852 $9,738 $10,000 $3,698 510.000 50 Operating sup plies 50 $4..839 55,624 591.94 $10,000 $243 $10,000 $0 Clothing/Uniform Supplies i0 50 50 $0 50 $0 _ $0 50 Subscriptions, Memberships. 50 $8,949 59,380 515,054 517,000 57,310 , .000 50 Land _ $0 54,508,613 $0 5397,726 50 $0,r $0 Improvements Other Than Buil SO $0 $0 50 501 50 50 $0 Machinery and Equipment 50 56,771 S0 518,252 $24,000 $5,020 $6,000 -$18,000 Construction In Progress $1,994,076 51,485 $0 $123,786 SO, $0 _ S0 50 Aids to Government Agencies 5.0 50 _ $0 _ S0 50 50 S0 511 Other Grants and Aids 52,179,36S $3.242,281 54.196.713 52,452.223 528,633,639 53,515,099 $37,401.708 _ +58.768,069 Transfer Out-Interfund Trans $5,504,265 56.910563 _ 55.460.786 $6.976,158 54,249,000 $4,231,000 54.231,000 18,000 Other Nonoperating Uses 31,000 50 $O $0 50 _ _ 50 $0 SO Budget Reserve 50 50 $0 S0 50 SO S0 e Other Uses SO 50 50 50 518,2E1,520 S14.639,231 S18,782,568 +5521,048 Expenditure Grand Total 515,906,222 $23,186,513 518,373,486 513..432,131 S54,045,351 523,448,106 562,856,996 50,811,605 Revenues Minus Expenditures $1,684,282 -$4.234,323T 52,761,697 $5,910,0301 50 56 269 737 Sol