HomeMy WebLinkAboutExhibit ABUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2022-2023
THE FINAL OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
ARE 33.67% 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
$ 11,520,000
4,942,000
Total Revenues 16,462,000
Total Revenues and Balances
2,263,000
18,725,000
Operating Expenditures
General Expenses 4,334,500
Leadership, Advocacy and Operations 1,281,500
Urbanism 9,198,000
Enterprise 3,335,000
Total Operating Expenditures 18,149,000
Fund Balances and Reserves 576,000
Total Expenditures, Reserves, and Balances 18,725,000
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 2022-23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY 2021-22 Adopted I FY 2021-22 Projection I FY 2022-23 Proposed
Difference
Notes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement= $60,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement= $60,000
PI0 Reimbursement = $65,000
Revenues
Ad Valorem Taxes
$8,775,932
$9,427,283
$9,904,090
$10,079,500
$10,079,500
$10,944,000
+864,500
Number based on 95% of preliminary
collection on $11,520,000 (millage
.4681).
Grant monies
$132,165
$246,161
$389,597
$280,000
$280,000
$310,000
+30,000
Increase CRA Reimbursement
(Contract).
Other
$41,176
$49,966
$96,621
$1,815,000
$1,182,470
$4,632,000
+2,817,000
$65k PI0 (City Agreement)
$350k PitStop CRA (Agreement)
$500k Business Incentives (City Reso)
$3,717,000 DRI Funds (City Reso)
Carryover Funds from Prior Years
$0
$0
$0
$1,403,000
$769,840
$2,263,000
+860,000
Reserve and Carryover
Revenue Grand Total
$8,949,273
$9,723,410
$10,390,308
$13,577,500
$12,311,810
$18,149,000
+4,571,500
Expenditures ,
Regular Salary and Wages
$2,315,914
$2,333,237
$2,313,542
$3,000,000
$2,564,361
$3,150,000
+150,000
5 positions anticipated to be hired:
Urban Planning, Business
Development (2), Research and
Accounting.
Increases on COL, salaries, new
positions and onetime payment
supplements.
FICA Taxes
$168,100
$170,245
$170,499
$240,000
$205,149
$252,000
+12,000
Increases on COL, salaries, new
positions and one time payment
supplements.
Retirement Contributions
$149,140
$157,962
$161,269
$210,000
$179,505
$220,500
+10,500
Increases on COL, salaries, new
positions and onetime payment
Life and Health Insurance
$288,419
$291,411
$340,718
$500,000
$381,140
$600,000
+100,000
Increases on COL, salaries, new
positions and onetime payment
Workers' Compensation
$17,955
$21,611
$19,945
$25,000
$31,134
$35,000
+10,000
Increases due to cases during the year
(2 as of today).
Professional Services - Legal
$27,500
$30,000
$25,000
$60,000
$30,000
$60,000
0
Contract with the City of Miami.
Professional Services
$92,429
$58,891
$50,045
$80,000
$80,000
$100,000
+20,000
IT Consultant. New RFP 2022
Accounting and Auditing
$22,000
$22,000
$23,200
$25,500
$22,000
$30,000
+4,500
Annual Audit. New RFP 2023
Other Contractual Services
$35,000
$50,952
$81,709
$120,000
$56,000
$180,000
+60,000
Intergovernmental Advocacy (State
and Federal).
Ambassadors' Program
CRA Team
DET Team and Supplies
DET Truck
NEAT Team
Information Centers
Program Management
Security and Sanitation Program
Pit Stop Program
$565,272
$714,460
$823,491
$980,000
$980,000
$980,000
0
Contract.
$77,948
$243,298
$250,000
$280,000
$280,000
$310,000
+30,000
Increase in contract (reimbursement).
$451,052
$504,163
$408,055
$615,000
$615,000
$665,000
+50,000
Additional costs related to work force,
supplies and sanitation. Purchase of
new truck.
$0
$21,828
$0
$0
$0
$0
0
Included in DET Team and supplies.
$154,986
$180,000
$194,917
$195,000
$195,000
$195,000
0
Contract.
$37,500
$50,000
$50,000
$50,000
$50,000
$50,000
0
Contracts-2 locations.
$7,112
$300
$2,902
$0
$0
$0
0
$0
$0
$25,252
$300,000
$300,000
$500,000
+200,000
Additional security for downtown,
quarterly clean up events, street
pressure washing and other initiatives
to ensure downtown is clean and safe.
$0
$343,378
$78,914
$1,075,000
$600,000
$876,000
-199,000
Implementation of 3 pitstop
bathrooms (2 more pending), includes
bayfront and Ferre Park bathrooms.
CRA reimburses their portion.
Downtown Development Authority of the City of Miami
Budget Template FY 2022-23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY 2021-22 Adopted I FY 2021-22 Projection I FY 2022-23 Proposed
Difference
Notes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement = $60,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement = $60,000
PIO Reimbursement = $65,000
Travel and Per Diem
$58,313
$20,446
$12,504
$60,000
$60,000
$80,000
+20,000
In -person conferences and meetings
(out of Miami).
Communications and Related Services
(Advertising)
$103,518
$162,388
$171,782
$333,000
$283,000
$370,000
+37,000
Banners, Advertising, Collateral
Materials, Videos, Promotional
Materials, Website.
Postage
$2,827
$759
$11,438
$5,000
$3,500
$8,000
+3,000
Postage, Couriers, etc. Annual Report
been sent via mail.
Utility
$26,582
$24,504
$22,046
$40,000
$30,000
$40,000
0
Common areas expense, phone,
Internet, etc.
Rentals and Leases
$257,758
$291,175
$274,474
$318,000
$329,500
$356,500
+38,500
Office and Storage rent / Increase per
lease. Parking lease.
Repair and Maintenance Services
$3,204
$27,859
$10,939
$25,000
$25,000
$35,000
-F10,000
Office cleanings / Repairs / Security
System / Miscellaneous items needed
for operation of the office.
Printing and Binding
$8,030
$7,803
$24,863
$35,000
$30,000
$30,000
-5,000
Copy Machines Usage
Advertising and Related Costs
$63,337
$132,757
$196,863
$0
$0
$175,000
+175,000
Calculated Strategies that include but
are not limited to: Influencer program,
new innovative ways to promote the
DDA and it's programs and initiatives,
etc.
Office Supplies
$24,475
$28,605
$16,532
$25,000
$25,000
$30,000
+5,000
Supplies for employees
Subscriptions, Memberships, and Licenses
$17,658
$33,705
$21,453
$25,000
$25,000
$25,000
0
Software & Licenses
Capital Projects and Purchases
$1,300,332
$969,374
$1,008,938
$1,630,000
$1,430,000
$4,207,000
+2,577,000
Master Plan 2050, BayWalk/RiverWalk
+ Connections, Transportation and
Connectivity, Biscayne Green, Flagler
Street PIO Office, Utility Markings
Program, Avenue 3 activations and
Public Realm Improvements. Includes
DRI reimbursement line items.
All Other Expenditures
$38,829
$53,125
$0
$0
$0
$0
0
Please see detail below
Other Staff Benefits
$78,775
$65,087
$70,330
$97,000
$73,208
$112,000
+15,000
Cellphones, parking and passes.
Consultants
$79,823
$187,637
$59,352
$90,000
$90,000
$90,000
0
Expert Consultants such as: Human
Resources analysis, Research,
Communications and Advertising.
Additional Operational Expenses
$77,315
$52,504
$59,919
$97,000
$90,000
$105,500
+8,500
Meetings, Required Ads & Filings,
Office Equipment and program
management fees.
Insurance Cost
$19,821
$15,825
$21,236
$27,000
$25,313
$31,500
+4,500
Increases in insurances.
Professional Development
$46,691
$37,851
$20,684
$60,000
$60,000
$125,000
+65,000
Increased (per DDA Board direction) in
order to remain competitive and
retain talent during the great
resignation.
Small Business Grants
$6,900
$114,392
$290,056
$200,000
$200,000
$525,000
+325,000
Various grant assistance programs
(example: Flagler Construction,
Window Wrapping, Lighting and
Facade Program, amongst others).
Targeted Programs &Activations
$175,252
$224,253
$1,002,318
$495,000
$590,000
$890,000
+395,000
Outdoor Dining/Restaurant Recovery,
Activations, Educational Initiatives,
Homelessness, and Downtown Dog
Spot.
Sponsorships
$475,075
$271,206
$671,928
$250,000
$250,000
$300,000
+50,000
Legacy and Competitive Grant
programs
Downtown Development Authority of the City of Miami
Budget Template FY 2022-23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY 2021-22 Adopted I FY 2021-22 Projection I FY 2022-23 Proposed
Difference
Notes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement= $60,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement= $60,000
PIO Reimbursement = $65,000
Public Relations
$132,072
$146,492
$146,424
$215,000
$215,000
$185,000
-30,000
PR Contract and possible incidentals.
Research and Strategy
$46,420
$57,536
$37,311
$200,000
$75,000
$175,000
-25,000
Research Reports (3) and
Demographics Report / Yearly
subscriptions (databases)
Special Initiatives
$457,180
$641,290
$526,115
$1,245,000
$1,483,000
$1,850,000
+605,000
Business Development, Talent
Recruitment and Retention initiatives
and Business Incentives.
Permitting and Small Business Assistance
$0
$131
$6,500
$350,000
$350,000
$200,000
-150,000
Permitting clinic and other small
business initiatives.
Expenditure Grand Total
$7,910,514
$8,760,440
$9,703,463
$13,577,500
$12,311,810
$18,149,000
$4,571,500
Revenues Minus Expenditures
$1,038,760
$962,970
$686,845
$0
$0
$0
$0