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HomeMy WebLinkAboutExhibit ACoconut Grove BID FY 2023-24 Proposed Budget FY 2019-20 Actual I FY 2020-21 Actual I FY 2021-22 Actual I FY 2022-23 Adopted I FY 2022-23 Projection I FY 2023-24 Proposed Number of Full -Time Positions 4 3 4 4 4 DifferencelNotes Revenues Parking Waiver Fees $392,280 $365,969 $449,186 $610,000 $169,000 $531,000 -979,000 Parking Surcharge $285,000 $220,000 $230,000 $300,000 $320,000 $330,000 +$30,000 Special Events & Supplemental Fees $0 $1,000 $0 $0 $0 $5,000 +$5,000 Sidewalk Cafe Fees $5,486 $6,000 $0 $0 TBD $0 $0 Overhead Banner Fees $12,252 $3,000 $0 $0 $12,000 $15,000 +$15,000 BID Assessment Dues $526,125 $585,000 $617,685 $675,000 $620,000 $695,000 +$20,000 Regatta Harbour Parking Lot $33,782 $42,000 $85,644 $108,000 $120,000 $168,000 +$60,000 Other Income $7,586 $0 $0 $0 $5,000 $0 $0 Investment Income $0 $120,000 $0 $0 $0 $0 $0 Collections Deferred $0 $0 $0 $100,000 $1,000 $0 -$100,000 Contribution from BID fund for Capital $0 $3,426,457 $0 $3,426,000 $3,426,000 $3,426,000 $0 Revenue Grand Total $1,262,511 $4,769,426 $1,382,515 $5,219,000 $4,673,000 $5,170,000 -949,000 Expenditures 1 Regular Salary and Wages $256,000 $278,000 $278,604 $280,000 $280,000 $365,000 +$85,000 4 Full Time w/ 5% Increase (+2 Part Time) Other Salaries /Consulting $0 $0 $0 $0 $0 $0 $0 Fringe Benefits $0 $0 $0 $0 $0 $0 $0 FICA Taxes $22,350 $24,952 $0 $26,000 $0 $32,000 +$6,000 Retirement Contributions $0 $0 $0 $0 $0 $0 $0 Life and Health Insurance $38,000 $48,150 $0 $53,000 $0 $60,000 +$7,000 Workers' Compensation $0 $0 $0 $0 $0 $0 $0 Unemployment $0 $0 $0 $0 $0 $0 $0 Professional Services $0 $0 $104,788 $45,000 $0 $45,000 $0 Accounting and Auditing $80,000 $86,000 $86,000 $95,000 $95,000 $95,000 $0 Other Contractual Services $416,306 $530,000 $0 $463,000 $0 $98,000 -$365,000 Other Contractual Services - Grants $0 $0 $0 $0 $0 $0 $0 Travel and Per Diem $1,200 $1,000 $4,000 $3,000 $4,000 $5,000 +$2,000 Communications and Related Services $0 $0 $0 $78,000 $0 $78,000 $0 Postage $1,200 $1,000 $0 $1,000 $2,000 $2,000 +$1,000 Rentals and Leases $52,800 $51,500 $141,859 $66,000 $66,000 $70,000 +$4,000 Increase in Rent and Storage Space Repair and Maintenance Services $0 $0 $0 $0 $0 $0 $0 Maintenance -Landscape $0 $0 $95,548 $179,000 $0 $203,000 +$24,000 Printing and Binding Outsource $0 $0 $0 $17,000 $0 $17,000 $0 Promotion Expense $0 $0 $60,263 $26,000 $0 $26,000 $0 Advertising and Related Costs $368,850 $700,000 $394,876 $700,000 $700,000 $705,000 +$5,000 Other Current Charges & Obligation $0 $0 $0 $0 $0 $0 $0 Office Supplies $0 $7,000 $0 $12,000 $12,000 $12,000 $0 Operating Supplies $0 $0 $0 $0 $0 $0 $0 Motor Fuel $0 $0 $0 $0 $0 $0 $0 Uniforms/clothing $0 $0 $0 $0 $0 $0 $0 Landscape Related Supplies $0 $0 $93,548 $30,000 $0 $32,000 +$2,000 Subscriptions, Memberships, and Licenses $7,500 $9,600 $0 $19,000 $0 $20,000 +$1,000 Equipment & Furniture $0 $0 $0 $0 $0 $5,000 +$5,000 Improvement other than building $600,246 $2,925,824 $169,746 $2,947,000 $0 $3,300,000 +$353,000 All other Expenditure $119,888 $106,400 $0 $179,000 $0 $0 -$179,000 Budget Reserve $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Expenditure Grand Total $1,964,340 $4,769,426 $1,429,232 $5,219,000 $1,159,000 $5,170,000 -$49,000 Revenues Minus Expenditures -$701,829 $0 -$46,717 $0 $3,514,000 $0