HomeMy WebLinkAboutMCRA-R-24-0001 Exhibit A 2024-09-07EXHIBIT A
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2025
Proposed
Budget
FY 2024
Adopted
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$8,478,964
$8,369,430
$109,534
ADVALOREM TAXES - MIAMI DADE COUNTY
$5,439,165
$5,066,896
$372,269
2024's CARRYOVER FUND BALANCE
$0
$0
$0
TOTAL REVENUES
$13,918,129
$13,436,326
$481,803
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2025 TIF revenue)
$139,181
$134,363
$4,818
OTHER CURRENT CHARGES AND OBLIG (Note1)
$13,778,948
$13,301,963
$476,985
TOTAL EXPENDITURES
$13,918,129
$13,436,326
$481,803
REVENUE LESS EXPENDITURES
$0
$0
$0
Note 1- Contribution towards Midtown CDD's Debt Service is $4,697,626.00.
Distribution of unused funds is $9,081,322.00 ($5,448,793.20-City and $3,632,528.80-County).
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