HomeMy WebLinkAboutMCRA-R-17-0002 ExhibitMIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2018
Proposed
Budget
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$4,072,446
ADVALOREM TAXES - MIAMI DADE COUNTY
$2,555,958
TOTAL REVENUES
$6,628,404
Expenditures
INTERFUND TRANSFER (Administration - 1%
out of FY 2018 TIF revenue)
$66,284
OTHER CURRENT CHARGES AND OBLIG
$6,562,120
TOTAL EXPENDITURES
$6,628,404
REVENUE LESS EXPENDITURES
-
1
INTERFUND TRANSFER $ 66,284
Available funds for administration in fiscal year 2018. (1% of total TIF collected)
OTHER CURRENT CHARGES AND OBLIGATIONS $ 6,562,120
Funds to be used for the payment of principal and interest on the bonds.
2018 TIF COMPUTATION
Multiply By 95%
City Operating Millage - Current Year
County Operating Millage - Current Year
Gross Advalorem (City)
Gross Advalorem (County)
City Operating Millage (ESTIMATED)
County Operating Millage (ESTIMATED)
Adjustment By Value Adjustment Board
Divided By 1000
Multiply By 95%
City Operating Millage (ESTIMATED)
County Operating Millage (ESTIMATED)
Adjustment (City)
Adjustment (County)
City
FY 2017-2018
608,607,380
(29,281,592)
579,325,788
579,326
550,359
7.4365
(2,822,743)
(2,823)
(2,682)
7.5710
$4,092,748
(20,302.44)
County
FY 2017-2018
608,607,380
(29,281,592)
579,325,788
579,326
550,359
4.6669
(2,822,743)
(2,823)
(2,682)
4.6669
$2,568,473
(12,514.79)
$ 4,072,446 $ 2,555,958 $ 6,628,404
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