HomeMy WebLinkAboutExhibit ABUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2021-2022
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
ARE 28.1% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
Revenue Sources
Ad Valorem Tax Levy
Reimbursements
Reserve and Carryover
0.4681 Millage per $1000
GENERAL FUND
$ 10,610,000
2,095,000
Total Revenues 12,705,000
Total Revenues and Balances
1,403,000
14,108,000
Operating Expenditures
General Expenses 4,047,000
Leadership, Advocacy and Operations 1,057,500
Urbanism 5,820,000
Enterprise 2,653,000
Total Operating Expenditures 13,577,500
Fund Balances and Reserves 530,500
Total Expenditures, Reserves, and Balances 14,108,000
The tentative, adopted, and/or final budgets are on file in the office of the
above referenced taxing authority as a public record.
Downtown Development Authority of the City of Miami
Budget Template FY 2021-22 Proposed Budget
FY 2017-18 Actual
FY 2018-19 Actual
FY 2019-20 Actual
FY 2020-21 Adopted
FY 2020-21 Projection
FY 2021-22 Proposed
Difference
Notes
Number of Full -Time Positions
29
29
30
29
29
35
+6
4 positions were not hired during
2020-2021 but will be this year. Also 2
more positions requested for Business
Development.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
Revenues
Ad Valorem Taxes
$8,223,153
$8,775,932
$9,427,283
$9,522,000
$9,522,000
$10,079,500
+557,500
Number based on 95% of preliminary
collection on $10,610,000 (millage
.4681).
Grant monies
$58,398
$132,165
$246,161
$250,000
$250,000
$280,000
+30,000
Increase CRA Reimbursement
(Contract).
Other
$99,643
$41,176
$49,966
$765,000
$165,000
$1,815,000
+1,050,000
$65k PIO
$700k PitStop Expansion
$500k Recovery Reimb.
$250k Business Incentives
$300k Business Grants
Carryover Funds from Prior Years
$0
$0
$0
$100,000
$0
$1,403,000
+1,303,000
Reserve and Carryover to be use.
Economic Recovery Reserve.
Revenue Grand Total
$8,381,194
$8,949,273
$9,723,410
$10,637,000
$9,937,000
$13,577,500
+2,940,500
Expenditures
Regular Salary and Wages
$2,214,558
$2,315,914
$2,333,237
$2,350,000
$2,625,000
$3,000,000
+650,000
4 positions were not hired during
2020-2021 but will be this year. Also 2
more positions requested for Business
Development.
Increases on salaries, new positions
and bonuses.
FICA Taxes
$161,675
$168,100
$170,245
$176,250
$210,000
$240,000
+63,750
Increase on salaries, new positions,
bonuses.
Retirement Contributions
$147,727
$149,140
$157,962
$164,500
$185,000
$210,000
+45,500
Increase on salaries, new positions,
bonuses.
Life and Health Insurance
$307,875
$288,419
$291,411
$470,000
$425,000
$500,000
+30,000
Increase on salaries, new positions,
bonuses.
Workers' Compensation
$13,007
$17,955
$21,611
$25,000
$25,000
$25,000
0
DETTeam didn't increase.
Professional Services - Legal
$32,500
$27,500
$30,000
$60,000
$30,000
$60,000
0
Contract with the City of Miami.
Professional Services
$20,500
$92,429
$58,891
$80,000
$80,000
$80,000
0
IT Consultant.
Accounting and Auditing
$22,000
$22,000
$22,000
$25,500
$25,500
$25,500
0
Annual Audit.
Other Contractual Services
$54,227
$35,000
$50,952
$0
$60,000
$120,000
+120,000
Intergovernmental Advocacy.
Ambassadors' Program
CRA Team
DETTeam and Supplies
DET Truck
$0
$565,272
$714,460
$980,000
$800,000
$980,000
0
Contract.
$0
$77,948
$243,298
$250,000
$200,000
$280,000
+30,000
Increase in contract (reimbursement).
$0
$451,052
$504,163
$586,000
$550,000
$615,000
+29,000
Increase in minimum wage and
additional costs related to supplies
and sanitation.
$0
$0
$21,828
$0
$0
$0
0
Bought during FY19-20
Downtown Development Authority of the City of Miami
Budget Template FY 2021-22 Proposed Budget
FY 2017-18 Actual
FY 2018-19 Actual
FY 2019-20 Actual
FY 2020-21 Adopted
FY 2020-21 Projection
FY 2021-22 Proposed
Difference
Notes
Number of Full -Time Positions
29
29
30
29
29
35
+6
4 positions were not hired during
2020-2021 but will be this year. Also 2
more positions requested for Business
Development.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
NEAT Team
Information Centers
Program Management
Security and Sanitation Program
Pit Stop Program
$0
$154,986
$180,000
$195,000
$195,000
$195,000
0
Contract.
$0
$37,500
$50,000
$50,000
$50,000
$50,000
0
Contract.
$0
$7,112
$300
$0
$0
$0
0
$0
$0
$0
$300,000
$100,000
$300,000
0
Additional security and sanitation
services.
$0
$0
$343,378
$1,075,000
$1,075,000
$1,075,000
0
Program.
Travel and Per Diem
$79,024
$58,313
$20,446
$25,000
$25,000
$60,000
+35,000
Back to normal, in -person conferences
and meetings.
Communications and Related Services
(Advertising)
$21,673
$103,518
$162,388
$272,650
$297,650
$333,000
+60,350
All expenses related to activations,
marketing and promotion.
Postage
$2,777
$2,827
$759
$3,000
$3,000
$5,000
+2,000
Back to normal, more expenses and
communications.
Utility
$27,013
$26,582
$24,504
$40,000
$35,000
$40,000
0
Office expense.
Rentals and Leases
$274,108
$257,758
$291,175
$327,500
$305,000
$318,000
-9,500
Office and Storage rent / Increase per
lease.
Repair and Maintenance Services
$2,178
$3,204
$27,859
$6,000
$12,000
$25,000
+19,000
Back to normal, office needs more
maintenance and accommodations to
secure safety.
Printing and Binding
$0
$8,030
$7,803
$23,000
$25,000
$35,000
+12,000
Back to normal, more expenses
related to having employee's in the
office.
Advertising and Related Costs
$219,172
$63,337
$132,757
$0
$0
$0
0
Included in Research and Strategy.
Office Supplies
$15,168
$24,475
$28,605
$15,000
$15,000
$25,000
+10,000
Back to normal, office needs more
supplies for employees.
Subscriptions, Memberships, and Licenses
$17,949
$17,658
$33,705
$25,000
$20,000
$25,000
0
Capital Projects and Purchases
$873,485
$1,300,332
$969,374
$915,000
$765,000
$1,630,000
+715,000
BayWalk/RiverWalk + Connections,
Complete Streets, Biscayne Green,
Flagler Street, Flagler Office,
Resiliency and Public Realm
Improvements
All Other Expenditures
$2,996,620
$38,829
$53,125
$0
$0
$0
0
Please see detail below
Other Staff Benefits
$0
$78,775
$65,087
$91,600
$91,600
$97,000
+5,400
Cellphones, parking and passes.
Consultants
$0
$79,823
$187,637
$141,000
$75,000
$90,000
-51,000
Expert Consultants (i.e. HR).
Additional Operational Expenses
$0
$77,315
$52,504
$60,800
$77,100
$97,000
+36,200
Courier Services, Meetings, Required
Ads & Filings, Office Equipment,
Visitors Parking, Payroll and
Retirement Fees
Insurance Cost
$0
$19,821
$15,825
$24,200
$26,500
$27,000
+2,800
Increase year to year.
Professional Development
$0
$46,691
$37,851
$25,000
$25,000
$60,000
+35,000
Back to normal, in -person trainings
and study sessions.
Downtown Development Authority of the City of Miami
Budget Template FY 2021-22 Proposed Budget
FY 2017-18 Actual
FY 2018-19 Actual
FY 2019-20 Actual
FY 2020-21 Adopted
FY 2020-21 Projection
FY 2021-22 Proposed
Difference
Notes
Number of Full -Time Positions
29
29
30
29
29
35
+6
4 positions were not hired during
2020-2021 but will be this year. Also 2
more positions requested for Business
Development.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$113,000
$113,000
$120,000
+7,000
CRA Reimbursement = $55,000
PIO Reimbursement = $65,000
Small Business Grants
$0
$6,900
$114,392
$200,000
$100,000
$200,000
0
Grant assistance programs and Facade
Program.
Targeted Programs & Activations
$0
$175,252
$224,253
$285,000
$270,000
$495,000
+210,000
Homelessness, Downtown Dog Spot
and Community events
Sponsorships
$0
$475,075
$271,206
$300,000
$300,000
$250,000
-50,000
Grants and sponsorships.
Public Relations
$0
$132,072
$146,492
$165,000
$165,000
$215,000
+50,000
Contract (PR) and Influencers.
Research and Strategy
$0
$46,420
$57,536
$145,000
$220,000
$200,000
+55,000
Research and marketing strategies.
Special Initiatives
$0
$457,180
$641,290
$685,000
$185,000
$1,245,000
+560,000
Economic Recovery, Educational
Initiatives, and Business Incentives.
Permitting and Small Business Assistance
$0
$0
$131
$75,000
$0
$350,000
+275,000
Permitting clinic and Restaurant
Recovery Program.
Expenditure Grand Total
$7,503,237
$7,910,514
$8,760,440
$10,637,000
$9,673,350
$13,577,500
$2,940,500
Revenues Minus Expenditures
$877,957
$1,038,760
$962,970
so
$263,650
so
so