The URL can be used to link to this page

Home My WebLink AboutCRA-R-17-0008 Exhibit ASEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET FY 2017 AMENDED BUDGET FY 2017 PROPOSED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES) $10,525,607 $10,527,913 -$2,306 MIAMI DADE COUNTY -TAX INCREMENT (ORIGINAL BOUNDARIES) $6,424,109 $6,424,109 $0 CITY OF MIAMI -TAX INCREMENT (EXPANDED BOUNDARIES) $483,646 $483,761 -$115 MIAMI DADE COUNTY - TAX INCREMENT (EXPANDED BOUNDARIES) $295,185 $295,185 $0 CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION) $363,837 $364,043 -$206' MIAMI DADE COUNTY -TAX INCREMENT (PARK WEST ADDITION) $222,061 $222,061 $0 2017 CONTRIBUTION FROM THE CHILDREN TRUST FUND $753,293 $0 $753,293 GRANT FROM EDA (FEDERAL GOVERNMENT) $90,000 $0 $90,000 2016 AUDITED FUND BALANCE $29,550,417 $32,689,517 -$3,139,100 TOTAL'REVENLIE $48,708,155 $51,006,589 -$2,298,434 REDEVELOPMENT EXPENDITURES PROFESSIONAL SERVICES - LEGAL $245,561 $319,995 -$74,435 ACCOUNTING AND AUDIT $200 $31,200 -$31,000 PROFESSIONAL SERVICES - OTHER $2,786,731 $3,036,834 -$250,103 OTHER CONTRACTUAL SERVICES $385,130 $390,000 -$4,870 LAND $1,316,794 $1,653,794 -5337,000 INTERFUND TRANSFER (Grant) $1,855,789 $2,325,297 -$469,508 DEBT SERVICE PAYMENT $11,450,659 $11,450,659 $0 CONSTRUCTION IN PROGRESS $327,630 $176,984 $150,646 OTHER GRANTS AND AIDS $26,889,825 $28,171,988 -$1,282,163 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES $1,083,306 $1,083,306 $0 FICA TAXES $82,873 $82,873 $0 LIFE AND HEALTH INSURANCE $173,014 $173,014 $0 RETIREMETCONTRIBUTION $102,079 $102,079 $0 FRINGE BENEFITS $18,300 $18,300 $0 OTHER CONTRACTUAL SERVICE $92,566 $92,566 $0 TRAVEL AND PER DIEM $30,000 $30,000 $0 COMMUNICATIONS $0 $0 $0 UTILITY SERVICE $64,401 $64,401 $0 INSURANCE $139,555 $139,555 $0 OTHER CURRENT CHARGE $59,000 $59,000 $0 SUPPLIES $12,000 $12,000 $0 OPERATING SUPPLIES $12,000 $12,000 $0 SUBSCRIPTION MEMBERSHIP/TRAINING $15,000 $15,000 $0 MACHINERY AND EQUIPMENT $3,000 $3,000 $0 ADVERTISING $35,000 $35,000 $0 RENTAL AND LEASES $67,000 $67,000 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSFER $30,000 $30,000 $0 FY 2017 BUDGET RESERVE- ADMINISTRATION $240,000 $240,000 $0 BUDGET RESERVE - OTHER (Revenue Shortfall Reserve) $0 a) FY 2013 Carryover Fund Balance (Surplus) $314,134 $314,134 $0 b) FY 2014 Carryover Fund Balance (Surplus) $512,015 $512,015 $0 c) FY 2015 Carryover Fund Balance (Surplus) $360,593 $360,593 $0 TOTAL FUND' BALANCE '$48;708,155 ::" $51,006,S89 4$2,29B,434 $0 $0 $0 2017 TIF Revenue $18,314,445 2017 Administrative Expenditures $2,023,094 % Administrative Exp / 2017 TIF Revenue 11% 2017 Budget Reserve $1,426,742 Total 2017 Budget $48,708,155 % 2017 Budget Reserve / Total 2017 Budget 3% EXHIBIT "A"