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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Members DATE: November 15, 2024
of the City Commission
FROM: Arthur Noriega V.
DS
QN
SUBJECT: Information for the FY 2023-24
City Manager Year -End Budget Amendment
Background and Summary for General Fund Amendment
As part of the year-end financial closing process, it is customary for the Administration to present to the
Commission a close-out budget amendment. In accordance with Florida Statutes 166.241(7), the City
may amend the budget of the previous fiscal year within 60 days (November 30th) of the end of that
respective fiscal year. Recommendations for year-end budget amendments for departments are being
proposed to address certain line -item expenditures overages and year-end capital allocations.
In the General Fund, preliminary unaudited financial results for Fiscal Year 2023-24 indicate that the City
fund balance will increase by approximately $30.943 million from the previous fiscal year. City
Administration is recommending that $24.022 million of this surplus be allocated to year-end budget
amendments (listed below), and the remaining $6.921 million will be reserved to maintain compliance
with Financial Integrity Principles (See Attachment A).
Summary of Changes in the General Fund Revenues
The City's FY 2023-24 General Fund Revenue Budget is being amended to increase the "Interest" ($29.692
million), the "Licenses and Permits Revenues" ($16.990 million), and the "Charges for Services" ($10.558
million). This will result in total amended general fund revenues of $1.118 billion or an increase of $57.240
million (See Attachment A).
Summary of Changes in the General Fund Expenditures
The City's FY 2023-24 General Fund Expenditure Budget is being amended to increase by $57.240 million
to cover additional expenses in multiple departments. The resulting total amended General Fund
expenditure budget will be $1.118 billion (See Attachment A).
1. An increase of $41.076 million among City departments primarily to cover additional personnel
expenses due to new union contracts.
2. A decrease of -$7.858 million in the Non -Departmental Accounts (NDA), Budget Reserve to cover
others City departments' needs.
16636 Exhibit A -SUB
': CO
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Information for the FY 2023-24 Year -End Budget Amendment
Page 2 of 3
3. An increase $24.022 million in the Non -Departmental Accounts (NDA), Transfer -Out — to cover
New Capital Allocations ($22.856 million) and New Special Revenue Allocations ($1.166 million)
as detailed below.
Transfer — Out Allocations Detail ($24.022 million) distributed as follows:
Transfer out to Capital — ($22.856 million) — New Appropriations considered as a Summary of
Changes in the Five -Year Capital Plan
1. $4 million for Police Vehicles
2. $4 million for Mission Critical Capital Request and additional Capital for Department of
Fire and Rescue
3. $3.5 million for Police Garage
4. $2.965 million for Little Haiti Cultural Center, Water Intrusion and Drainage
5. $2.275 million for the Caribbean Marketplace, Re -roofing
6. $1.5 million for the Underline, Maintenance
7. $981,000 for Spot Drainage
8. $600,000 for a plumbing renovation in Police Building
9. $600,000 for a Grapeland Park
10. $500,000 for Traffic Calming
11. $350,000 for a Douglas Park Dog Run
12. $300,000 for the Public Safety Building Program and Massing Study Capital Project
13. $250,000 for a Bryan Park
14. $200,000 for the Plaza de la Cubanidad
15. $160,000 for an 8th Floor Plan Renovation
16. $151,000 for the MRC, Parking Garage Supplemental
17. $150,000 for Traffic Calming Project at SW 1 AVE and SW 24 RD
18. $150,000 for the Cost of Feasibility Study for GSA lot by AECOM
19. $130,000 for the Code Compliance Office renovation in Overtown
20. $47,000 for the City Hall, District 2 Office Renovation
21. $28,000 for the Hazard Mitigation Grant - Fire Station 6 Hardening
22. $19,000 for the Police, Small -Scale Derelict Vessel Removal program (Cash Match)
Transfer out to Special Revenue — ($1.166 million)
a) $722,000 to Citywide Festivals and Events for the College Football Playoff ($550,000), the
Gay 8 Parade ($100,000), and for the Latin GRAMMYs ($72,000)
b) $311,000 for Miami for Everyone (Venture Miami) to reclassify a balance from previous
allocation of the America Rescue Plan Act
c) $150,000 for the Miami for Everyone FIU, First -Generation Scholarship Initiative (Venture
Miami) to reclassify a balance from previous allocation of the America Rescue Plan Act
d) $18,000 for the Department of Fire and Rescue, EMS Matching Grant Award — M2413.
e)-$35,000 back to the General Fund (GF) for a GF contribution to the Human Services
Special Revenue Fund no longer needed
7
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Summary of Changes in the Special Revenue Fund (New Appropriations $1.166 million)
1. An increase of $1.183 million to the Departmental Improvement Initiative fund for Citywide
Festivals and Events ($772,000; Award 2430) and for the to the Miami For Everyone (MFE)
Program ($461,000; Award 2941) as detailed in the allocation section above (items b and c).
2. An increase of $18,000 to the Fire Rescue Services Fund as a General Fund Contribution to the
EMS Matching Grant Award — M2413.
3. A decrease of -$35,000 to the Human Services Fund to reallocate a General Fund Contribution no
longer needed.
4. A reallocation of $6,000 to the Miami Ballpark Parking Facilities, Transfer -Out Budget Line Item to
cover prior year negative fund balance in the Special Obligation Bonds (SOB), funds 24023 and
24029. This reallocation has a zero net budget impact.
Summary of Changes in the America Rescue Plan Act (ARPA) Fund 97100
• A reallocation of funding totaling $1,618.98 from Department of Housing and Community
Development's ARPA-Elderly Meals Program to the ARPA-New Construction Homeownership
Project. This reallocation has a zero net budget impact.
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Attachment A
General Fund Revenue
Amended Budget
FY 2023-24
Amendment
Nov 21, 2024
(Close-out)
Amended Budget
FY 2023-24
Property Taxes
$529,682,000
$529,682,000
Franchise Fees and Other Taxes
138,291,000
138,291,000
Interest
16,901,000
29,692,000
46,593,000
Transfers -In
25,390,000
25,390,000
Fines and Forfeitures
6,743,000
6,743,000
Intergovernmental Revenues
111,569,000
111,569,000
Licenses and Permits
87,898,000
16,990,000
104,888,000
Other Revenues (Inflows)
11,377,000
11,377,000
Charges for Services
132,737,000
10,558,000
143,295,000
Total Revenues
$1,060,588,000
$57,240,000
$1,117,828,000
General Fund Expenditures
Mayor
$3,261,000
-
$3,261,000
Commissioners
11,333,000
-
11,333,000
City Manager
4,888,000
-
4,888,000
Agenda Coordination
409,000
4,000
413,000
Independent Auditor General
1,782,000
-
1,782,000
City Attorney
12,310,000
-
12,310,000
City Clerk
2,301,000
20,000
2,321,000
Civil Service
647,000
30,000
677,000
Code Compliance
11,320,000
82,000
11,402,000
Communications
1,591,000
75,000
1,666,000
Equal Opportunity and Diversity Programs
647,000
-
647,000
Finance
12,635,000
149,000
12,784,000
Grants Administration
1,884,000
5,000
1,889,000
Human Resources
6,049,000
34,000
6,083,000
Innovation and Technology
14,541,000
170,000
14,711,000
Management and Budget
3,736,000
1,000
3,737,000
Procurement
3,344,000
-
3,344,000
Resilience and Sustainability
1,171,000
-
1,171,000
Human Services
7,406,000
324,000
7,730,000
Building
36,075,000
332,000
36,407,000
Planning
7,216,000
-
7,216,000
Zoning
6,030,000
-
6,030,000
Housing and Community Development
2,281,000
240,000
2,521,000
Capital Improvements
1,675,000
125,000
1,800,000
General Services Administration
34,736,000
391,000
35,127,000
Resilience and Public Works
37,835,000
670,000
38,505,000
Solid Waste
44,153,000
4,260,000
48,413,000
Fire -Rescue
213,400,000
23,592,000
236,992,000
Police
345,159,000
7,467,000
352,626,000
Real Estate and Asset Management
18,864,000
-
18,864,000
Parks and Recreation
57,971,000
2,650,000
60,621,000
Risk Management
4,106,000
455,000
4,561,000
Non -Departmental Accounts (NDA)
44,124,000
(7,858,000)
1 36,206,000
Transfers - Out
105,708,000
24,022,000
129,730,006
TOTAL GENERAL FUND
$1,060,588,000
$57,240,000
$1,117,828,000
-c-
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Attachment B
Special Revenue Funds
Amended Budget
FY 2023-24
Amendment
Nov 21, 2024
(Close-out)
Amended Budget
FY 2023-24
General Special Revenues
$ 4,047,000.00
$ 4,047,000.00
Sport Facilities and Activities
18,000
18,000
Planning Services
22,750,000
22,750,000
Planning and Zoning Tree Trust Fund
2,766,000
2,766,000
Public Art Fund
3,786,000
3,786,000
Historic Preservation Trust Fund
648,000
648,000
Fire Rescue Services
10,665,000
18,000
10,683,000
UASI-Fire Rescue
14,640,000
14,640,000
NET Offices and Code Enforcement
11,000
11,000
Parks and Recreation Services
4,016,000
4,016,000
Police Services
19,852,000
19,852,000
Law Enforcement Trust Fund
1,688,000
1,688,000
Public Works Services
8,680,000
8,680,000
Solid Waste Recycling Trust
127,000
127,000
City Clerk Services
2,005,000
2,005,000
Community and Economic Development
75,978,000
75,978,000
Homeless Program
2,407,000
2,407,000
Human Services
1,405,000
(35,000)
1,370,000
BayfrontlRiverfront Land Acquisition Rouse Trust
2,079,000
2,079,000
Miami Ballpark Parking Facilities
16,697,000
16,697,000
Departmental Improvement Initiatives
83,864,000
1,183,000
85,047,000
Transportation and Transit
23,710,000
23,710,000
Emergency Funds
17,953,000
17,953,000
American Rescue Plan Act
80,000,000
80,000,000
TOTAL SPECIAL REVENUE FUNDS
$ 399,792,000
$ 1,166,000
$ 400,958,000
Abbreviations
ACFR - Annual Comprehensive Financial Report
FY - Fiscal Year
GF - General Fund
PR - Program Revenues
UASI - Urban Area Security Initiative
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SUBSTITUTED
Exhibit "A"
To be provided