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Exhibit A SUB
THIS DOCUMENT IS A VIRGINIA KEY BEACH PARK TRUST SUBSTITUTION. THE ORIGINAL 2021-2022 Proposed Budget CAN BE FOUND AT THE END OF THIS DOCUMENT. Virginia Key Beach Park Trust 2020-2021 Adopted Budget 2021-2022 Proposed Budget 449000 Projected Revenue $ 812,000.00 $ 875,000.00 431000 Grants $ - $ 75,000.00 448000 2019 Ultra Music Festival $ 376,000.00 $ - 448000 2020 Ultra Music Festival $ - $ - 448000 2021 Ultra Music Festival $ 1,000,000.00 $ - 448000 2022 Ultra Music Festival 489900 MDC Train Project $ 47,000.00 $ - 439000 City of Miami Contribution $ 300,000.00 $ 300,000.00 466000 Cash with fiscal agent $ 5,000.00 $ 5,000.00 Total Revenue Projected $ 2,540,000.00 $ 1,255,000.00 Object Code Projected Expenditures 2020-2021 Adopted Budget 2021-2022 Proposed Budget 512000 Administration Salaries $ 401,000.00 $ 399,300.00 513000 Park Salaries $ 208,000.00 $ 230,200,00 521000 FICA $ 46,000.00 $ 48,200.00 522000 Retirement Contributions $ 22,000.00 $ 25,000.00 523000 Health & Dental insurance $ 55,000.00 $ 70,000.00 525000 Unemployment Compensation $ 5,000.00 $ 5,000.00 531000 Professional Services $ 1,000.00 $ 1,000.00 532000 Auditors $ 10,500.00 $ 10,500.00 534000 Other Contractual Services $ 246,000.00 $ 250,000.00 540000 Travel per Diem - $ 10,000.00 $ 10,000.00 541100 Postage $ 1,000.00 $ 1,000.00 541000 Communications & Related $ 5,000.00 $ 10,000.00 544000 Rent & Lease $ 55,000.00 $ 62,800.00 546000 Repair and Maintenance $ 50,000.00 $ 30,000.00 547100 Printing & Binding $ 15,000.00 $ 10,000.00 548000 Promotional Expenses $ 25,000.00 $ 20,000.00 548100 Advertising $ 15,000.00 $ 10,000.00 549000 Other current charges & obligations $ 15,000.00 $ 10,000.00 551000 Office Supplies $ 5,000.00 $ 5,000.00 552000 Operating Supplies $ 50,000.00 $ 35,000.00 552200 Uniforms $ 3,000.00 $ 3,000.00 554000 Licenses, Subscriptions and Memberships $ 5,000.00 $ 4,000.00 663000 Improvement other than building (2019 Ultra) $ 286,500.00 $ - Reserve Cash w/Fiscal Agent $ 5,000.00 $ 5,000.00 2021 - Ultra reserve Funds $ 1,000,000.00 $ - 2022 Ultra Music Festival rii r 11/41/-N nn-In rvi iiniT n csi in $ 2,540,000.00 $ 1,255,000.00 VIRGINIA KEY BEACH PARK TRUST Budget Template FY 2021-22 Proposed Budget COVID-19 COVID-19 COVED-19 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 5 6 6 7 7 6 -1 Are any positions funded in other budgets? NO No NO No No No 1 If so, how much Is in this budget? 0 0 0 0 $0 50 If so, how much is in the other budget? 0 0 0 0 $0 $0 Revenues Projected Revenue $634,218 $887,922 $418,752 5812,000 $525,000 $875,000 +$63,000 Grants $13,350 $23,080 $127,642 $0 $0 $75,000 +$75,000 2019 Ultra Music Festival $0 $1,000,000 $0 $376,000 $0 $0 2020 Ultra Music Fesitvaf -Canceled $0 $0 $0 $0 $0 $0 2021 Ultra Music Fesitvaf- Canceled $0 $0 $0 $0 $0 $0 2022 Ultra Music Festival $0 $0 $0 50 $0 $0 50 City of Miami $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 50 Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 $0 -$5,000 Miami Dade County Train Project $0 $0 $125,000 $47,000 $0 $0 -547,000 Revenue Grand Total $973,695 $2,220,087 $973,594 $1,540,000 $830,000 $1,255,000 $91,000 Expenditures Regular Salary and Wages $258,347 $335,334 $345,242 $401,000 $385,000 $399,300 -$1,700 Other Salaries /Park $128,599 $159,615 $201,967 5208,000 $185,000 $230,240 +$22,200 FICA Taxes $29,753 $37,653 $41,728 $46,000 $43,000 $48,200 +$2,200 Retirement Contributions _ -$433 $6,600 $15,014 $22,000 $19,000 $25,000 +$3,000 Life and Health Insurance 528,905 $47,585 $63,020 $55,000 $68,000 $70,000 +$15,000 Workers' Compensation $0 $0 $0 $0 $0 $0 50 Unemployment $0 $0 $0 $5,000 $3,000 $5,000 $0 _ Professional Services $800 $0 $2,000 $1,000 $0 $1,000 $0 Accounting and Auditing $9,500 $9,500 $9,500 $10,500 $9,500 $10,500 $0 Other Contractual Services $182,266 $312,811 $185,793 $246,000 $220,000 $250,000 +$4,000 Travel and Per Diem $6,509 $17,527 $11,039 $10,000 - $4,000 $10,000 $0 Postage $291 $770 $1,026 $1,000 $500 $1,000 $0 Communication & Related $2,421 $2,067 $3,787 $5,000 $9,000 510,000 +$5,000 Rentals and Leases $54,125 $44,536 $74,733 $55,000 $60,600 $62,800 +$7,800 Repair and Maintenance Services $29,104 $26,996 $29,811 $50,000 $25,000 $30,000 -$20,000 Printing and Binding Outsource $6,876 $18,047 $11,861 $15,000 $7,000 $10,000 -$5,000 Promotion Expense $25,687 $41,585 $27,561 $25,000 $15,000 $20,000 -$5,000 Advertising and Related Costs $14,150 $9,173 $4,964 $15,000 - $5,000 $10,000 -$5,000 Other Current Charges & Obligations $11,247 $14,338 $4,613 $15,000 $4,000 $10,000 -$5,000 Office Supplies $4,859 $8,349 $3,651 - $5,000 $3,500 $5,000 $0 Operating Supplies $32,950 $26,860 $60,630 $50,000 $25,000 $35,000 -515,000 Uniforms/clothing $22 S0 $1,978 $3,000 $2,000 $3,000 $0 Subscriptions, Memberships, and Licenses $4,366 $2,142 $4,457 $5,000 $3,000 $4,000 -$1,000 Equipment & Furniture $10,078 $9,735 $39,928 $0 $0 S0 $0 Improvement other than building $0 $23,080 $107,063 $286,500 $250,000 50 -$286,500 Construction in Progress $0 $0 $81,715 $0 $0 50 $0 Budget Reserve -Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 50 2022 Ultra Music Festival Reserve $0 S0 $0 50 $0 50 $0 Expenditure Grand Total $866,549 $1,163,388 $1,335,081 $1,540,000 $1,350,500 $1,255,000 -$285,000 Revenues Minus Expenditures $107,146 $1,956,699 -$381,487 -$520,500 r 5376,000 VIRGINIA KEY BEACH PARK TRUST Budget Template FY 2021-22 Proposed Budget FY 2017-18 Actual FY 2018-19 Actual SUBSTITUTED. COVID-19 FY 2019-20 Actual COVID-19 FY 2020-21 Adopted COVID-19 FY 2020-21 Projection fY 2021-22 Proposed] Number of Full -Time Positions 5 6 6 7 7 6 -1 Are any positions funded in other budgets? NO No NO No No No If so, how much is in this budget? 0 0 0 0 $0 $0 If so, how much is in the other budget? 0 0 0 0 $0 $0 Revenues z E Projected Revenue $634,218 $887,922 $418,752 $812,000 $525,000 $875,000 +$63,000 Grants 513,350 $23,080 $127,842 50 $0 $75,000 +$75,000 2019 Ultra Music Festival 50 $1,000,000 $0 $376,000 $0 50 2020 Ultra Music Fesitval -Canceled $0 $0 $0 $0 $0 $0 2021 Ultra Music Fesitval- Canceled $0 $0 $0 $0 $0 2022 Ultra Music Festival $0 $0 $0 $0 $0 $1,000,000 +$1,000,000 City of Miami $300,000 5300,000 $300,000 $300,000 300,000 $300,000 $0 Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 $0 -$5,000 Miami Dade County Train Project $0 $0 $125,000 $47,000 _ $0 $0 -$47,000 Revenue Grand Total $973,695 $2,220,087 $973,594 $1,540,000 $830,000 $2,255,000 $1,091,000 ifetsTliturs Regular Salary and Wages $258,347 _$335,334 $345,242 i 1,000 $385,000 $399,300 -$1,700 Other Salaries /Park $128,599 5159,615 5201,967 $208,000 $185,000 $230,200 +$22,200 FICA Taxes 529,753 $37,653 541,728 $46,000 $43,000 $48,200 +$2,200 Retirement Contributions -$433 $6,600 $15,014 $22,000 $19,000 $25,000 +$3,000 Life and Health Insurance $28,905 $47,585 $63,020 $55,000 $68,000 $70,000 +$15,000 Workers' Compensation 50 $0 $r $0 $0 $0 $0 Unemployment $0 $0 $0 $5,000 $3,000 $5,000 $0 Professional Services $800 $0 2,000 $1,000 $0 $1,000 $0 Accounting and Auditing $9,500 $9,500 $9,500 $10,500 $9,500 $10,500 $0 Other Contractual Services $182,266 $312,811 $185,793 $246,000 $220,000 5250,000 +$4,000 Travel and Per Diem $6,509 $17,527 $11,039 $10,000 $4,000 $10,000 $0 Postage $291 $770 51,026 $1,000 $500 $1,000 $0 Communication & Related $2,421 $2,0. 53,787 $5,000 $9,000 $10,000 +$5,000 Rentals and Leases $54,125 $•%,536 $74,733 $55,000 $60,000 $62,800 +$7,800 Repair and Maintenance Services $29,104 26,996 $29,811 $50,000 $25,000 $30,000 -$20,000 Printing and Binding Outsource $6,876 518,047 $11,861 $15,000 $7,000 $10,000 -$5,000 Promotion Expense $25,687 541,585 $27,561 $25,000 $15,000 $20,000 -$5,000 Advertising and Related Costs $14,150 $9,173 $4,964 $15,000 $5,000 $10,000 -$5,000 Other Current Charges & Obligations $11,247 $14,338 $4,613 $15,000 $4,000 $10,000 -$5,000 Office Supplies $4,: %' $8,349 $3,651 $5,000 $3,500 $5,000 $0 Operating Supplies ,950 $26,860 $60,630 $50,000 $25,000 $35,000 -$15,000 Uniforms/clothing $22 $0 $1,978 $3,000 $2,000 $3,000 $0 Subscriptions, Memberships, and Licenses $4,366 $2,142 $4,457 $5,000 $3,000 $4,000 -$1,000 Equipment & Furniture $10,078 $9,735 $39,928 $0 $0 $0 $0 Improvement other than building $0 $23,080 $107,063 $286,500 $250,000 50 -$286,500 Construction in Progress $0 $0 581,715 $0 $0 50 $0 Budget Reserve -cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 $0 2022 Ultra Music Festival Rese $0 $0 $0 $0 50 $1,000,000 +$1,000,000 Expenditure Grand Tote $866,549 $1,163,388 $1,335,081 $1,540,000 $1,350,500 $2,255,000 $715,000 Revenues Minus Expe lures $107,146 $1,056,699 -5361,487 -$520,500 $376,000 VIRGINIA KEY BEACH PARK TRUST SUBSTITUTED. 2021-2022 Proposed Budget Virginia Key Beach Park Trust 2020-2021 Adopted Budget 2021-2022 Proposed Budget 449000 Projected Revenue $ 812,000.00 $ 875,000.00 431000 Grants $ - $ 75,000.0'4 448000 2019 Ultra Music Festival $ 376,000.00 $ - 448000 2020 Ultra Music Festival $ - $ - 448000 2021 Ultra Music Festival $ 1,000,000.00 $ - 448000 2022 Ultra Music Festival $ 1 .00,000.00 489900 MDC Train Project $ 47,000.00 $ - 439000 City of Miami Contribution $ 300,000.00 $ 300,000.00 466000 Cash with fiscal agent $ 5,000.00 $ 5,000.00 Total Revenue Projected $ 2,540,000.00 $ 2,255,000.00 Object Code Projected Expenditures 2020-2021 Adopted Budg 2021-2022 Proposed Budget 512000 Administration Salaries $ 401 100.00 $ 399,300.00 513000 Park Salaries $ %8,000.00 $ 230,200.00 521000 F{CA $ 46,000.00 $ 48,200.00 522000 Retirement Contributions $ 22,000.00 $ 25,000.00 523000 Health & Dental Insurance $ 55,000.00 $ 70,000.00 525000 Unemployment Compensation $ 5,000.00 $ 5,000.00 531000 Professional Services 1,000.00 $ 1,000.00 532000 Auditors $ 10,500.00 $ 10,500.00 534000 Other Contractual Services $ 246,000.00 $ 250,000.00 540000 Travel per Diem - $ 10,000.00 $ 10,000.00 541100 Postage $ 1,000.00 $ 1,000.00 541000 Communications & Related $ 5,000.00 $ 10,000.00 544000 Rent & Lease $ 55,000.00 $ 62,800.00 546000 Repair and Maintenance $ 50,000.00 $ 30,000.00 547100 Printing & Binding $ 15,000.00 $ 10,000.00 548000 Promotional Expense. $ 25,000.00 $ 20,000.00 548100 Advertising $ 15,000.00 $ 10,000.00 549000 Other current charges & obligations $ 15,000.00 $ 10,000.00 551000 Office Supplies. $ 5,000.00 $ 5,000.00 552000 Operating pplies $ 50,000.00 $ 35,000.00 552200 Uniform- $ 3,000.00 $ 3,000.00 554000 Licen -s, Subscriptions and Me rerships $ 5,000.00 $ 4,000.00 663000 rovement other than building (2019 tra) $ 286,500.00 $ - Reserve Cash wfFiscal Agent $ 5,000.00 $ 5,000.00 2021 - Ultra reserve Funds $ 1,000,000.00 $ - 2022 Ultra Music Festival $ 1,000,000.00 $ 2,540,000.00 $ 2,255,000.00 SUBSTITUTED. Historic Virginia Key Beach Park FY 2021 - 2022 Revenue Projection COVIDI9 Weekend/Holiday Entry 190,000 M-F Entry 42,000 Pavilion Rentals 42,500 Film & Photo Shoots 10,000 Weddings & Receptions 15,000 Cabin Rentals 1,500 Returning Large Events MLK Day Parade, Egbe African Festival, Cystic Fibrosis Great Strides, Easter Weekend Activities VK Jouvert, Raido Promotion Fundraiser, Ragnar Relay Eve , Bikini Sundayz, Beach Bawl ouse of Creatives, Where are 1 Keys, Rakastella, USSO Cust. Car Show, Wet Fete Water Party July 4th Parade, Love Burn, - ig Phat Fish, JEEP Promotion . ent, Holiday Lights at HVKBr , Juneteenth Event 210,000 New Large Events Reggae Musi' Festival, Community Music Fest plash Down Event, Holiday P.p-Up Parties, Art Basel Activat".n, HBCU Spring Break BBQ, 77th ° nniversary Picnic, Grassroots Fe- Ival of Music &Dance, SWARM -ries, Fractal Beach 150,000 Fundraising Campaign ; Events; ' rants Give Miami Day, (2) Dine-n-Dash Historic Tours, Summer Back Packs, Harvest Festival, Black Ceasar Event, Rooftop fundraising reception, Mellon/FIU Grant, Florida Humanitites, IMLS, State of Florida 85,000 Key Bees Summer Camp 30,000 Camp Guaikinima 20,000 Rest of the World Soccer ademy 18,375 Biscayne Nature Center 1,000 HistoryMiami 1,000 Nature Postings 1,225 Historic Concessio' Stand Operation Pop-up Vendors 35,000 Vending Machin:- & ATM 2,000 Food Trucks & eekend Vendors 10,400 Trunk Town arket 1,000 Hip Camp on -profit & Scouting) 9,000 Total 875,000