HomeMy WebLinkAboutMCRA-R-19-0001 Exhibit AMIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2020
Proposed
Budget
FY 2019
Proposed
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$5,494,758
$4,221,173
$1,273,585
ADVALOREM TAXES - MIAMI DADE COUNTY
$3,388,946
$2,597,084
$791,862
TOTAL REVENUES
$8,883,704
$6,818,257
$2,065,447
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2020 TIF revenue)
$88,837
$68,183
$20,654
OTHER CURRENT CHARGES AND OBLIG
$8,794,867
$6,750,074
$2,044,793
TOTAL EXPENDITURES
$8,883,704
$6,818,257
$2,065,447
REVENUE LESS EXPENDITURES
1
INTERFUND TRANSFER $ 88,837
Available funds for administration in fiscal year 2020. (1% of total TIF collected)
OTHER CURRENT CHARGES AND OBLIGATIONS $ 8,794,867
Funds to be used for the payment of principal and interest on the bonds.
2020 TIF COMPUTATION
Multiply By 95%
City Operating Millage - Current Year
County Operating Millage - Current Year
Gross Advalorem (City)
Gross Advalorem (County)
City Operating Millage
County Operating Millage
Adjustment By Value Adjustment Board
Divided By 1000
Multiply By 95%
City Operating Millage
County Operating Millage
Adjustment (City)
Adjustment (County)
City
FY 2019-2020
795,441,747
(29,281,592)
County
FY 2019-2020
795,441,747
(29,281,592)
766,160,155 766,160,155
766,160
727,852
7.5665
(1,774,406)
(1,774)
(1,686)
7.4365
766,160
727,852
4.6669
$5,507,293
(1,774,406)
(1,774)
(1,686)
4.6669
(12,536)
$3,396,813
(7,867)
$ 5,494,758 $ 3,388,946 $ 8,883,704
2