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Home My WebLink AboutExhibit AOMNI TAX INCREMENT FUND BUDGET PY 2022 PROPOSED: BUDGET 1 FY 2021 ADOPTED BUDGET• FBUDGET VARIANCE REVENUES CITY OF MIAMI - TAX INCREMENT r.•IAMIDADECOUNTY-TAXINCREMENT(ORIGINALBOUNDARIES) CRY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) MIAMI DADE COUNTY •TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) Total TIF Revenues S30,747.532 2020 FUND BALANCE LOAN SERIES 2018 A and 2018 B (Funds held by Rink United) TRANSFER FROM MIDTOWN CRA (Administration) RENT INCOME 2022 CHILDREN TRUST CONTRIBUTION 2021 ESTIMATED FUND BALANCE (It Includes the $4,552,5D0 - Reimbursement front Loan Series 2018A) $18,191A28 $11,07%2134 $923,665 $562,155 $11,786,690 $114,723 $100,000 $1,150,560 $22,631,839 $18,726,124 $11,4131,431 $650,015 $395,021 $11,767,372 $98,467 $80,000 $1,246,906 $18,491,610 ($534,696) ($331,197) $273,650 $167,134 $19,516 $16,257 $20,000 (596,346) $4,140,229 TQ.4,,AUREYENUE, . ., '$66,531544','562856996, 53,674,549 RE4EVEL'OPMEt4T:EXPENDI70RES . ACCOUNTING AND AUDIT $15,000 $15,000 $0 PROFESSIONAL SERVICES -OTHER $425,920 $325,920 $100,000 OTHER CONTRACTUAL SERVICES $300,000 $300,000 So INTERFUND TRANSFER (Debt Service) $2,315,196 $2,814,140 $1,056 INTERFUND TRANSFER (Grant) $812,500 $812,500 SD OTHER CURRENT CHARGE $0 $1,500,000 ($1,500,000) OTHER GRANTS AND AIDS 38.322,960 35,901,708 $2,421,252 ADMINISTRATIV EXPENDITURES .. REGULAR SALARIES $1,058,540 $913,640 $144,900 FICA TAXES $77,857 563,893 $7,964 LIFE AND HEALTH INSURANCE $130,000 $120,000 $10,000 RETIREMENT CONTRIBUTION $50,000 $50,000 $0 FRINGE BENEFITS $54,500 $54,500 50 OTHER CONTRACTUAL SERVICE $140,000 $130,000 $10,000 TRAVEL AND PER DIEM $30,000 $30,000 $D UTILITY SERVICE $20,300 $20,300 $0 INSURANCE $11S,000 $115,000 $0 OTHER CURRENT CHARGE $236,617 $216,867 $19,750 SUPPLIES $10,000 $10,000 $0 OPERATING -SUPPLIES - - $10,000 $10,000 -•.$0 SUBSCRIPTION MEMBERSHIP $17,000 $17,000 SD MACHINERY AND EQUIPMENT $6,000 $6,000 50 ADVERTISING $30,000 $30,000 $0 RENTAL AND LEASES $3,600 $3,600 SD POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE-OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSFER $18,000 $18,o00 $0 T.u1,1o.W.p4w. 04...41,..,. SI,013,414 1..•: RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL) $4,084,633 $4,231,000 ($146,367) RESERVE FOR 2007 GLOBAL AGREEMENT (35 X PAC) $10,761,636 $10,910,424 ($148,788) RESERVE FOR INTERLOCAL CHILDREN'STRUST $1,150,560 $1,246,906 ($96,346) PAYMENT TO CRY OF MIAMI FOR MAURICE FERRE PARK $3,000,000 $0 $3,000,000 T.W a.servo l., OW IM..mwwhOd,uO.Y.mau $I1034.117 RESERVE FOR MIDTOWN ADM EXPENDITURES $114,723 598,467 $16,256 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT- 1401 GROUP LLC $40,0D0 $40,000 50 RESERVE FOR CAPITAL EXPENDITURES $1,354,349 $1,311,442 $42,907 RESERVE FOR PAYMENTOF PROPERTY TAXES. MEC $229,617 $209,867 $19,750 RESERVE FOR LOAN PROCEEDS SERIES 2019 A & B $0 $47,500 ($47,500) TWI Room b. 011r. SIMIAN $0 2019 BUDGET RESERVE $28,893 528,893 $0 2020 BUDGET RESERVE $406,671 $249,293 $157,373. 2021 BUDGET RESERVE $532,471 $870,131 ($337,660) *eN Wx.mxr.W Ram. S9440II I ITOrALF0N0'BALANCE 1566,531,544 962.856996 $3674548 A) B) 2022TIF Revenue 2022 TIF Rev for Affordable Housin g % 2022 Budget for Affordable Housin g So $30,747,532 $3,074,753 10% 2022 TIF Revenue $30,747,532 2022 Administrative Expenditures $2,011,414 %Administrative Exp / 2022 TIF Revenue 7% C} Budget Reserve (2019, 2020 and 2021) $968,035 Total 2022 Budget $66,531,544 % 2022 Budget Reserve / Total 2022 Budget 1.A6% So So 1