HomeMy WebLinkAboutExhibit ACoconut Grove BID
FY 2024-25 Proposed Budget
FY 2020-21 Actual
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Adopted
FY 2023-24 Projection
FY 2024-25
Difference
Notes
Proposed
Number of Full -Time Positions
3
3
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
Revenues
Parking Waiver Fees
$365,969
$449,186
$661,612
$531,000
$475,000
$498,000
-$33,000
Parking Surcharge
$220,000
$230,000
$320,000
$330,000
$320,000
$350,000
+$20,000
Current lawsuit may impact these
funds
Special Events & Supplemental Fees
$1,000
$0
$0
$5,000
$15,000
$15,000
+$10,000
Sidewalk Cafe Fees
$6,000
$0
$0
$0
$223,000
$55,000
+$55,000
Overhead Banner Fees
$3,000
$0
$13,500
$15,000
$2,000
$5,000
-$10,000
BID Assessment Dues
$585,000
$617,685
$654,146
$695,000
$615,000
$680,000
-$15,000
Regatta Harbour Parking Lot
$42,000
$85,644
$209,528
$168,000
$168,000
$200,000
+$32,000
Other Income
$0
$0
$0
$0
$15,000
$15,000
+$15,000
Ike Kiosks revenue share
Investment Income
$120,000
$0
$0
$0
$0
$0
$0
Collections Deferred
$0
$0
$5,563
$0
$0
$0
$0
Transfer from BID Operating Accounts
$3,426,457
$0
$0
$3,426,000
$0
$85,000
®
-$3,341,000
If necessary
Revenue Grand Total
$4,769,426
$1,382,515
$1,864,349
$5,170,000
$1,833,000
$1,903,000
-53,267,000
Operating Expenditures
Regular Salary and Wages
$278,000
$278,604
$285,000
$365,000
$315,000
$370,000
+$5,000
Includes 5% annual increase in
salaries from PY as well as 1 new hire.
Other Salaries /Park
$0
$0
$0
$0
$0
$0
$0
Fringe Benefits
$0
$0
$0
$0
$8,000
$9,000
+$9,000
ED Car allowance of $500 per month,
phone allowance for staff of $250 per
month
FICA Taxes
$24,952
$0
$0
$32,000
$32,000
$29,000
-$3,000
7.65% of proposed salaries
Retirement Contributions
$0
$0
$0
$0
$4,000
$23,000
+$23,000
6% match of proposed salaries
Life and Health Insurance
$48,150
$0
$0
$60,000
$60,000
$75,000
+$15,000
medical dental vision life for 4
employees as well as insurance for
CGBID.
Coconut Grove BID
FY 2024-25 Proposed Budget
FY 2020-21 Actual
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Adopted
FY 2023-24 Projection
FY 2024-25
Proposed
Difference
Notes
Number of Full -Time Positions
3
3
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
Workers' Compensation
$0
$0
$0
$0
$0
$6,000 +$6,000
Unemployment
$0
$0
$0
$0
$0
$1,000 +$1,000
Professional Services
$0
$104,788
$416,958
$45,000
$15,000
$15,000 -$30,000
Allowance for surveys, architectural
and engineering plans.
Accounting and Auditing
$86,000
$86,000
$86,000
$95,000
$95,000
$86,000 -$9,000
$72,000 for CCSG, $12,000 annual
audit
Other Contractual Services
$530,000
$0
$0
$98,000
$484,000
$446,000 +$348,000
Block by Block - Security $126,000,
Sanitation $270,000, tree lighting
$50,000
Other Contractual Services - Grants
$0
$0
$0
$0
$0
$0 $0
Travel and Per Diem
$1,000
$4,000
$0
$5,000
$5,000
$5,000 $0
Communications and Related Services
$0
$0
$0
$78,000
$7,200
$15,000 -$63,000
Comcast $4,200, Office phones
$3,000, IT services $7,200
Postage
$1,000
$0
$0
$2,000
$2,000
$2,000 $0
Rentals and Leases
$51,500
$70,000
$73,000
$79,000 +$9,000
Office lease $65,488.56, Parking
$8,250, Copier $3,000, Pitney Bowes
$1,300
Repair and Maintenance Services
$0
$0
$0
$0
$0
$50,000 +$50,000
Lighting, Signage, pavers and turf
repairs.
Maintenance -Landscape
$0
$95,548
$0
$203,000
$70,000
$40,000 -$163,000
Tree Trimming, Landscape
maintenance, replacement and
improvements
Printing and Binding Outsource
$0
$0
$0
$17,000
$5,000
$5,000 -$12,000
Promotion Expense
$0
$60,263
$0
$26,000
$0
$15,000 -$11,000
Advertising and Related Costs
$700,000
$394,876
$609,299
$705,000
$425,000
$542,000 -$163,000
See marketing budget for detail
Other Current Charges & Obligation
$0
$0
$0
$0
$0
$0 $0
Office Supplies
$7,000
$0
$0
$12,000
$12,000
$12,000 $0
Operating Supplies
$0
$0
$0
$0
$0
$1,000 +$1,000
Coconut Grove BID
FY 2024-25 Proposed Budget
FY 2020-21 Actual
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Adopted
FY 2023-24 Projection
FY 2024-25
Difference
Notes
Proposed
Number of Full -Time Positions
3
3
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
4
,k,
Motor Fuel
$0
$0
$0
$0
$0
$1,000
+$1,000
Fuel for equipment
Uniforms/clothing
$0
$0
$0
$0
$0
$1,000
+$1,000
Landscape Related Supplies
$0
$93,548
$0
$32,000
$35,000
$12,000
-$20,000
Tree and plant replacements
Subscriptions, Memberships, and Licenses
$9,600
$0
$0
$20,000
$5,000
$5,000
-$15,000
Memberships to ULI and IDA
Equipment & Furniture
$0
$0
$0
$5,000
$5,000
$5,000
$0
Improvement other than building
$2,925,824
$169,746
$0
$3,300,000
$0
$0
-$3,300,000
All other Expenditure
$106,400
$0
$0
$0
$0
$3,000
+$3,000
FPL $3,000
Budget Reserve
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Operating Expenditure Grand Total
$4,769,426
$1,429,232
$1,397,257
$5,170,000
$1,657,200
$1,853,000
-$3,317,000
Expenditures
Security Cameras
$0
$0
$0
$0
$0
$50,000
+$50,000
Allowance for security camera
upgrades.
Capital Expenditures Grand Total
$0
$0
$0
$0
$0
$50,000
Revenues Minus Expenditures
$0
-$46,717
$467,092
$0
$175,800
$0