HomeMy WebLinkAboutMCRA-R-24-0001 Exhibit A-SUBEXHIBIT A
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL. BACKUP ORIGINAL CAN
BE SEEN AT THE END OF THIS DOCUMENT
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
$4,920,421
$0
$4,920,421
TOTAL REVENUES
$18,838,550
$13,436,326
$5,402,224
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2025 TIF revenue)
$0
$134,363
-$134,363
OTHER CURRENT CHARGES AND OBLIG
$18,699,369
$13,301,963
$5,397,406
(Note 1)
2025's BUDGET RESERVE (Note 2)
$139,181
$0
$139,181
TOTAL EXPENDITURES
$18,838,550
$13,436,326
$5,402,224
REVENUE LESS EXPENDITURES
($0)
$0
$0
Note 1
1) Contribution towards Midtown CDD's Debt Service $4,697,626
2) FY 2025's anticipated transfer to the City Of Miami $5,448,793
3) FY 2025's anticipated transfer to the County $3,632,529
4) FY 2024's owed transfer to the City of Miami $4,920,421
$18,699,369
Note 2
1) Unused budget reserve must be distributed to the taxing $139,181
authorities by the end of fiscal year.
16531 Exhibit A -SUB
1
EXHIBIT A
SUBSTITUTED
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
$4,920,421
$0
$4,920,421
TOTAL REVENUES
$18,838,550
$13,436,3
$5,402,224
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2025 TIF revenue)
$139,181
$134,363
$4,818
OTHER CURRENT CHARGES AND OBLIG (Notel)
$18,699,3
$13,301,963
$5,397,406
TOTAL EXPENDITURES
$1 38,550
$13,436,326
$5,402,224
REVENUE LESS EXPENDITURES
$0
$0
$0
Note 1
1) Contribution towards Midtown CDD's Debt S ice $4,697,626
2) FY 2025's anticipated transfer to the City • iami $5,448,793
3) FY 2025's anticipated transfer to the Co ty $3,632,529
4) FY 2024's owed transfer to the City • iami $4,920,421
$18,699,369
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