HomeMy WebLinkAboutCRA-R-17-0045 Exhibit A-SUBSEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
FY2018
PROPOSED
BUDGET
FY2017
AMENDED
BUDGET
BUDGET
VARIANCE
REVENUES
CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES)
$10,377,451
$10,525,607
($148,156)
MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$6,515,446
$6,424,109
$91,337
CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES)
$643,508
$483,646
$159,862
MIAMI DADE COUNTY - TAXINCREMENT (EXPANDED BOUNDARIES)
$404,683
$295,185
$109,498
CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION)
$414,240
$363,837
$50,403
MIAMI DADE COUNTY - TAX INCREMENT (PARK WEST ADDITION)
$261,143
$222,061
$39,082
CONTRIBUTION FROM THE CHILDREN TRUST FUND
$758,074
$753,293
$4,781
GRANT FROM EDA (FEDERAL GOVERNMENT)
$90,000
($90,000)
2017 UNAUDITED FUND BALANCE - 7/13/17
$26,915,529
$29,550,417
($2,634,888)
TOTAL REVENUE
$46,290,074
$48,708,155
($2,418,081)
REDEVELOPMENT EXPENDITURES
PROFESSIONAL SERVICES - LEGAL
$512,133
$245,561
$266,572
ACCOUNTING AND AUDIT
$31,000
$200
$30,800
PROFESSIONAL SERVICES - OTHER
$2,161,804
$2,786,731
-$624,927
OTHER CONTRACTUAL SERVICES
$568,519
$385,130
$183,389
LAND
$291,795
$1,316,794
-51,024,999
INTERFUND TRANSFER (Grant)
$11,075,084
$8,787,323
$2,287,761
DEBT SERVICE PAYMENT
$4,521,875
$4,519,125
$2,750
CONSTRUCTION IN PROGRESS
$296,611
$327,630
-$31,019
OTHER GRANTS AND AIDS
$22,978,579
$26,889,825
-$3,911,246
TOTAL REDEVELOPMENT EXPENDITURES
$42,437,400
$45,258,319
($2,820,919)
REGULAR SALARIES
$1,158,306
$1,083,306
$75,000
FICA TAXES
$88,610
$82,873
$5,738
LIFE AND HEALTH INSURANCE
$173,014
$173,014
$0
RETIREMENT CONTRIBUTION
$107,329
$102,079
$5,250
FRINGE BENEFITS
$18,300
$18,300
$0
OTHER CONTRACTUAL SERVICE
$92,566
$92,566
$0
TRAVEL AND PER DIEM
$30,000
$30,000
$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
BUDGET RESERVE - ADMINISTRATION
$240,000
$240,000
$0
TOTAL ADMINISTRATIVE EXPENDITURES
$2,349,081
$2,263,094
$85,988
Revenue Shortfall Reserve
a) FY 2013 Carryover Fund Balance (Surplus)
$314,134
$314,134
-
b) FY 2014 Carryover Fund Balance (Surplus)
$512,015
$512,015
-
c) FY 2015 Carryover Fund Balance (Surplus)
$360,593
$360,593
-
d) FY 2016 Carryover Fund Balance (Surplus)
$316,851
$0
316,851
TOTAL REVENUE SHORTFALL RESERVE
$1,503,593
$1,186,742
$316,851
TOTAL FUND BALANCE
$46,290,074
$48,708,155
($2,418,081)
2018 TIF Revenue
2018 Administrative Expenditures
%Administrative Exp / 2018 TIF Revenue
$0.00
$18,616,471
$2,349,081
13%
2018 Budget Reserve $1,503,593
Total 2018 Budget $46,290,074
% 2018 Budget Reserve / Total 2018 Budget 3%
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIP Revenue
Professional Services - Legal
1
2015 Holland & Knight, LLC
a. to provide specialized
legal services to the CRA.
(Additional Funding derived
from a reimbursement of
the bond proceeds)
Legal Services
15-0006
$200,000
$190,417
$9,583
$9,583
$0
2
2016 Holland & Knight, LLC
a. to provide specialized
legal services to the CRA.
Legal Services
16-0019
$200,000
$197,451
$2,549
$2,549
$0
3
2017 Holland & Knight, LLC
a. to provide specialized
legal services to the CRA.
Legal Services
NR
$200,000
$0
$200,000
$200,000
$0
4
2018 Holland & Knight, LLC
a. to provide specialized
legal services to the CRA.
Legal Services
NR
$300,000
$0
$300,000
$0
$300,000
Accounting and Audit
5
2016 External Audit - Sanson
Kline Jacomino & Company,
LLP
External Audit
13-0045
$31,000
$0
$31,000
$0
$31,000
Professional Services - Other
6
Professional planning
services in connection with
the preparation of the
"0vertown Special Area Plan
for Overtown Folk Life
Village"
Consultant
NR
$275,000
$0
$275,000
$275,000
$0
7
Update of DRI and Feasibility
Study of Extending Life of
the SEOPW CRA/E.L. Waters
and Co.
Consultant
17-0011
$335,000
$95,000
$240,000
$240,000
$0
8
Amended Redevelopment
Plan/Feasibility Plan
Infrastructure
(Planning)
NR
$500,000
$0
$500,000
$500,000
$0
9
Reimbursement to the CRA
for expenses incurred in
obtaining and updating
SEOPW regional impact
development order in an
amount of $165,691.
Available funds for update of
DRI and Fesibility Study.
Infrastructure
(Planning)
12-0006
$165,691
$0
$165,691
$165,691
$0
10
Available for Marketing
Services - $115K out of
$200K
Public
Relations
Company
14-0070
$200,000
$30,000
$29,457
$543
$543
$0
11
Radio Advertisements -AM
1490 WMBM
Advertising
16-0001
$16,000
$11,850
$4,150
$4,150
$0
12
2016 Available for Marketing
Services
Miscellaneous
Marketing
Expenses
2017 Budget
$84,000
$80,122
$3,878
$3,878
$0
13
Exclusive Management &
Leasing Agreement with
WLS, L.C.., Florida Limited
Company D/B/A NAI Miami
Commercial Real Estate
Services.
Job Creation /
Economic
Develop.
13-0019
16-0003
$200,000
$178,299
$21,701
$21,701
$0
14
Service
/
and
Available funds for 2016
Property Management
- Community Center
Contingency for Capital
Repairs (Shopping Center
Community Center)
Administration
NR
$200,000
$0
$200,000
$200,000
$0
$512,133
$31,000
2
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Professional Services - Legal
15
Leo A. Daly Company to
perform architectural
services
Consultant
15-0052
$400,000
$303,640
$96,360
$96,360
$0
16
Design 2 Form - 224 NW
16th St and 1900 NW 2nd
Court
Consultant
15-0051
$120,000
$54,435
$65,565
$65,565
$0
17
Financial Assessment
Convention Center
Consultant
16-0026
$6,000
$0
$6,000
$6,000
$0
18
Professional Services
agreement with United
Architects, Inc. in an amount
not to exceed $84,925.40 to
provide architectural and
engineering plans the
remodeling and addition of
rooftop terrace at 925 NW
2nd Court.
Consultant
17-0027
$84,925
$0
$84,925
$84,925
$0
19
Governmental
representation lobbying
services - Colodny Fass
Consultant
17-0039
$32,500
$0
$32,500
$32,500
$0
20
Available for Other
Professional Services - FY
2017 Budget - $571,367
Administration
NR
$465,490
$0
$465,490
$465,490
$0
Other Contractual Services
21
Available TIF Funds for
Horsepower Electric, Inc. for
Streetlight Maintenance
(Outside Scope of Work -
Expenditures under $4,500).
Quality of Life
NR
$25,000
$17,545
$7,455
$7,455
$0
22
Street Light Maintenance
Agreement - Horsepower
Electric
Quality of Life
17-0002
$14,227
$6,019
$8,208
$8,208
$0
23
Renewal Option with
Howard & Howard for
Landscaping and Irrigation
Services.
Quality of Life
13-0029
$42,000
$41,700
$300
$300
$0
24
Weed A Away - Landscaping
Service
Quality of Life
16-0045
$50,000
$40,821
$9,179
$9,179
$0
25
Funds to be expended for
the demolition of unsafe
structures throughout the
Redevelopment Area.
Infrastructure
13-0005
$50,000
$14,113
$35,887
$35,887
$0
26
For the installation of the
CRA's telephone system and
other moving expenses in
connection with the CRA's
relocation at the Lyric
Theater.
Administration
14-0002
15-0002
$51,200
$51,143
$57
$57
$0
27
St John - Monitoring
Compliance
Affordable
Workforce
Housing
(Capital
Projects)
Pursuant to St
John
Development
Agreement
$75,000
$45,000
$30,000
$30,000
$0
28
Available for Other
Contractual Services
(Contingency)
Contractual
Services
NR
$477,432
$0
$477,432
$477,432
$0
Subtotal
$4,630,466
$1,357,011
$3,273,455
$2,942,455
$331,000
Total Budget Amount (Professional Services - Legal, Accounting and Audit, Professional Services - Other and Other Contractual
Services)
NR - No CRA Resolution
R - CRA Resolution Passed
$2,433,585
$839,870
$3,273,455
$2,161,804
$568,519
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
3
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Interfund Transfer (Debt Service)
1
Grant to the City of Miami
for the construction of the
Gibson Park Project -First
Amendment to Grant
Agreement (Amortization
Schedule) -Fourth Payment.
Parks and
Open Spaces
12-0045
$833,357
$0
$833,357
$0
$833,357
2
FY 2017 Global Agreement
Payment (45%)
Global
Agreement
2007 Global
Agreement
$6,100,000
$5,207,467
$892,533
$892,533
$0
3
FY 2018 Global Agreement
Payment (45%)
Global
Agreement
2007 Global
Agreement
$5,200,000
$0
$5,200,000
$0
$5,200,000
4
Estimate Contribution to
the City of Miami relating to
the TRI Rail Project
Infrastructure
Interlocal
Agreement
$2,000,000
$0
$2,000,000
$0
$2,000,000
5
Available funds for the
creation of the Overtown
Police Unit.
Quality of Life
15-0011
$700,000
$509,867
$190,133
$190,133
$0
6
2015-2016 Policing Services
- City of Miami
Quality of Life
15-0057
$900,000
$737,637
$162,363
$162,363
$0
7
2016-2017 Policing Services
- City of Miami
Quality of Life
17-0004
$750,000
$461,376
$288,624
$288,624
$0
8
2017-2018 Policing Services
- City of Miami
Quality of Life
NR
$750,000
$0
$750,000
$0
$750,000
9
2018 Contribution to the
Children Trust
Quality of Life
Interlocal
Agreement
$758,074
$0
$758,074
$0
$758,074
Debt Service Payment
10
Available TIF Revenue for
the Third Loan Payment -
Debt Service Reserve
Affordable
Workforce
Housing
14-0051
$4,521,875
$0
$4,521,875
$0
$4,521,875
Purchase of Land
11
Purchase of property and
land located at 921 NW 2nd
Court and 925 NW 2nd
Affordable
Workforce
Housing
12-0012
$235,000
$223,556
$11,444
$11,444
$0
12
Available for purchase of
land
Affordable
Workforce
Housing
NR
$280,351
$0
$280,351
$280,351
$0
Subtotal
$23,028,657
$7,139,902
$15,888,755
$1,825,449
$14,063,306
Total Budget Amount (Interfund Transfer (Debt Service), Debt Service, Purchase of Land and Interfund
Transfer (Grant)
NR - No CRA Resolution
R - CRA Resolution Passed
$7,880,958
$8,007,797
$15,888,755
$11,075,084
$4,521,875
$291,795
4
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Construction in Progress -
1
Funds to be expended for
the kitchen build -out of the
property located at 300 NW
llth Street, Miami, Florida.
Infrastructure
14-0064
$2,000,000
$1,984,165
$15,835
$15,835
$0
2
Folk Life Club / Gallery
(Pool Hall) located at 920
Job Creation /
Economic
Development
14-0046
17-0009
$930,000
$956,939
-$26,939
-$26,939
$0
3
Renovation and
rehabilitation of the
Overtown Shopping Center,
1490 NW 3rd Avenue,
Miami, Florida. Additional
funding allocated in the
amount of $200K.
Job Creation /
Economic
Development
13-0038
13-0042
14-0065
$1,550,000
$1,546,618
$3,382
$3,382
$0
4
Repairs to the Black Police
Precinct
Infrastructure
15-0050
/additional
funds
$55,000.
16-0032
$120,000
$116,564
$3,436
$3,436
$0
5
Securing, prepping,
demolation and painting of
building located at 925 NW
Infrastructure
14-0036
$30,000
$29,848
$152
$152
$0
6
Securing, prepping,
demolation and painting of
building located at 925 NW
Infrastructure
16-0044
$50,000
$9,255
$40,745
$40,745
$0
7
Parking upgrades at the
parking lots owned by the
Infrastructure
16-0033
$260,000
$0
$260,000
$260,000
$0
Subtotal
$4,940,000
$4,643,389
$296,611
$296,611
$0
Total Budget Amount Construction in Progress
NR - No CRA Resolution
R - CRA Resolution Passed
$296,611
$296,611
$296,611
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
5
Description
Category
Reso#
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
1
Grant to MTZ Carver LLC to
underwrite costs associated
with the rehabilitation of
the vacant commercial
structure at 801 NW 3rd
Avenue.
Job Creation /
Economic
Development
(Capital
Project)
11-0034
$670,000
$663,108
$6,892
$6,892
$0
2
MT Zion Carver Repair and
Renovation
Quality of Life
(Programming)
15-0041
$280,000
$83,033
$196,967
$196,967
$0
3
St. Peters American
Catholic Church - 40 Year
Recertification and
Improvements
Quality of Life
(Programming)
NR
$226,537
$0
$226,537
$226,537
$0
4
Grant for the rehabilitation
of the Dunn Hotel.
Job Creation /
Economic
Development
(Capital
Project)
14-0030
$850,000
$667,540
$182,460
$182,460
$0
5
Add Funds Grant for the
rehabilitation of the Dunn
Hotel.
Job Creation /
Economic
Development
(Capital
Project)
NR
$380,000
$0
$380,000
$380,000
$0
6
Additional funding to
People Helping People Self
Reliance, Inc. for the
rehabilitation of property at
210 NW 16th Street, Miami,
Florida. 6 units
Affordable
Workforce
Housing
(Capital
Projects)
13-0063
14-0045
17-0012
$450,000
$427,387
$22,613
$22,613
$0
7
Housing rehabilitation
agreements for the
associations of Town Park
Village, Town Park South,
an Town Park North /
Available Funding for Other
Residential Developments.
Total Project Funding
$15Millions
Affordable
Workforce
Housing
(Capital
Projects)
12-0056
13-0068
14-0052
$13,265,175
$9,033,223
$4,231,952
$4,231,952
$0
7-1
Relocation of Town Park
Project North/Project
Reserve
Affordable
Workforce
Housing
(Capital
Projects)
14-0052
$1,768,158
$1,179,476
$588,682
$588,682
$0
8
Bridge Financing - Grant
Amount - Town Park North
Rehab Project
Affordable
Workforce
Housing
(Capital
Projects)
Funds related
to the Town
Park North
Project
15-0004
$75,000
$0
$75,000
$75,000
$0
9
Playground at Town Park
North - To be reimbursed
by Health Foundation of
South Florida, Inc. (Award
Amount $75,000)(To date
amount collected $67,500)
Affordable
Workforce
Housing
(Capital
Projects)
16-0002
$67,500
$0
$67,500
$67,500
$0
10
Town Park North -
Contingency
Affordable
Workforce
Housing
(Capital
Projects)
Assigned
but not
encumbered
pursuant to
resolution
$408,948
$0
$408,948
$408,948
$0
11
Contingency for Town Park
South and Town Park
Village - Rehabilitation
Projects
Affordable
Workforce
Housing
(Capital
Projects)
NR
$280,765
$26,325
$254,441
$254,441
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
6
Description
Category
Reso#
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
" 2018
TIF Revenue
Other Grants and Aids
12
Development Agreement
with Overtown Gateway
Partners, LLC for the
development of Block 45.
Affordable
Workforce
Housing
(Capital
Projects)
14-0005-$3M
($2,264,185 were
allocated to 2017
budget
administration,
these funds will
be replenished
once 2017 TIF
revenues are
collected in
December 2016)
$3,000,000
$0
$3,000,000
$3,000,000
$0
13
Budget Reserve for
Settlement Agreement of
Block 46. CRA's agreement
to remit 50% of the tax
increment revenues
generated from the Project
to the Developer.
($1,500,000 in the
aggregate.)
Affordable
Workforce
Housing
(Capital
Projects)
14-0007 / Gran
Central Loan
Indenture
$1,000,000
$0
$1,000,000
$1,000,000
$0
14
Rehabilitation of an eight
(8) unit apartment building
located at 472 NW 10th
Street.
Affordable
Workforce
Housing
(Capital
Projects)
NR
$220,000
$0
$220,000
$220,000
$0
15
Rehabilitation of Poinciana
Village Residential
Development / Settlement
Agreement of Block 46.
CRA's commitment to
funding predevelopment
expenses in an amount not
to exceed $500K, and the
CRA's agreement to remit
50% of the tax increment
revenues generated from
the Project to the
Developer. ($1,500,000 in
the aggregate.)
Affordable
Workforce
Housing
(Capital
Projects)
14-0007
$500,000
$460,031
$39,969
$39,969
$0
16
Construction of temporary
parking at 276 NW 9th
street, Miami, Florida to
complement Carver
Apartments and Shoppes
development.
Infrastructure
(Capital
Projects)
13-0059
$120,000
$12,843
$107,157
$107,157
$0
17
Renovation and
rehabilitation of the Over
town Shopping Center,
1490 NW 3rd Avenue,
Miami, Florida. Total grant
amount $500,000 (CRA-R-
13-0042). Out of this
amount $200,000 were
transferred to the
completion of the
renovation of the shopping
center/ Grant to Two Guys
Restaurant for relocation to
the new facility located at
the Over town Shopping
Center - $150,000) / Grant
to Caring Touch Barbershop
-$100,000.
Job Creation /
Economic
Development
(Capital
Project)
13-0038
13-0042
14-0027
14-0063
$200,000
$180,828
$19,172
$19,172
$0
18
Renovation and
rehabilitation of the Over
town Shopping Center,
1490 NW 3rd Avenue,
Miami, Florida. Loan to
VSMD $400K
Job Creation /
Economic
Development
(Capital
Project)
15-0038
$400,000
$407,834
-$7,834
-$7,834
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
7
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
19
Funds to be expended with
the interior build - out of
three additional retail bays
at New Arena Square, 271
NW 10th Street, Miami,
Florida.
Job Creation /
Economic
Development
(Capital
Project)
09-0039
12-0038
13-0058
$130,000
$61,593
$68,407
$68,407
$0
20
Development Mixed Use -
Mt Zion Commercial Space-
renovations and tenants
improvements -
$150K"Groovin Bean Coffee
Bar, $4,169.73 Black Kultz,
$4,487.58 Nails
Job Creation /
Economic
Development
(Capital
Project)
15-0016
($600,000)
$48,000
$25,607
$22,393
$22,393
$0
20-1
Brother Frazier's Ribs
Job Creation /
Economic
Development
(Capital
Project)
16-0021
$200,000
$49,288
$150,712
$150,712
$0
20-2
Ultrina Harris - Overtown
Shopping Center - Funding
Derived from CRA-R-15-
0016
Job Creation /
Economic
Development
(Capital
Project)
16-0020
$92,000
$50,575
$41,425
$41,425
$0
20-3
Groovin Bean - Funding
Derived from CRA-R-15-
0016
Job Creation /
Economic
Development
(Capital
Protect)
15-0016
$150,000
$108,625
$41,375
$41,375
$0
20-4
Gerald Graphics - Funding
Derived from CRA-R-15-
0016
Job Creation /
Economic
Development
(Capital
Project)
16-0007
$110,000
$107,692
$2,308
$2,308
$0
21
Jackie's House Restaurant
located at 1495 NW 3rd
Avenue - Funding derived
from CRA-R-15-0016
Job Creation /
Economic
Development
(Capital
Project)
NR
$200,000
$0
$200,000
$200,000
$0
22
Grant to the City of Miami
for additional funding
relating to the design and
construction of an indoor
basketball gymnasium at
Gibson Park.
Parks and
Open Spaces
(Capital
Projects)
13-0030
$600,000
$556,153
$43,847
$43,847
$0
23
Grant to the City of Miami
for the renovation of
Gibson Park
Parks and
Open Spaces
(Capital
Projects)
09-0012
$1,000,000
$891,346
$108,654
$108,654
$0
24
Installation of a Purvis
Young "Tribute" mural
along the Metrorail
guideway at NW llth
Street and NW 3rd Avenue.
Quality of Life
(Programming)
14-0068
Additional
Funds in the
amount of
$10K were
added. Funds
to be approved
on June 26,
2017 17-0040
$112,000
102,065
$9,935
$9,935
$0
25
landscape
2016 Grant to Human
Resource Staffing of Miami,
Inc., to manage and
operate a job
creation/training program
that will provide
beautification and
maintenance
services of various locations
throughout the
redevelooment area.
Job Creation /
Economic
Development
(Programming)
16-0008
16-0054
$360,000
$357,889
$2,111
$2,111
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
8
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
26
2017 Grant to Human
Resource Staffing of Miami,
Inc., to manage and
operate a job
creation/training program
that will provide
beautification and
landscape maintenance
services of various locations
throughout the
redevelopment area.
Job Creation /
Economic
Development
(Programming)
17-0013
$320,000
$75,341
$244,659
$244,659
$0
27
2018 Grant to Human
Resource Staffing of Miami,
Inc., to manage and
operate ajob
creation/training program
that will provide
beautification and
landscape maintenance
Job Creation /
Economic
Development
(Programming)
NR
$320,000
$0
$320,000
$0
$320,000
28
Professional services
agreement with Circle of
One Marketing, Inc to
perform venue operations
and management services
at the"OPAC".
Job Creation /
Economic
Development
(Programming)
17-0010
$220,000
$21,818
$198,182
$198,182
$0
29
Grant to Miami Dade
College to underwrite costs
associated with the
continued operation of the
Hospitality Institute Job
Training and Job Placement
Program.
Job Creation /
Economic
Development
(Programming)
13-0006
$300,000
$283,168
$16,832
$16,832
$0
30
2016 Grant to Miami Dade
College to underwrite costs
associated with the
continued operation of the
Culinary Institute Program
and Hospitality Institute.
Job Creation /
Economic
Development
(Programming)
16-0023
$165,000
$135,456
$29,544
$29,544
$0
31
2017 Grant to Miami Dade
College to underwrite costs
associated with the
continued operation of the
Culinary Institute Program
and Hospitality Institute.
Job Creation /
Economic
Development
(Programming)
NR
$165,000
$0
$165,000
$165,000
$0
32
Culinary Institute EDA
Award ($900K)-To date
reimbursed amount is
$810,000. Funds will be
used towards the operation
of the Culinary Institute
Program
Job Creation /
Economic
Development
(Programming)
NR
$900,000
$0
$900,000
$900,000
$o
33
2017 Grant to Hospitality
Employees Advancement &
Training
Job Creation /
Economic
Development
(Programming)
17-0014
$300,000
$0
$300,000
$300,000
$0
34
2014 Grant to New
Washington Heights
Community Development
Conference, Inc for the
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
Job Creation /
Economic
Development
(Programming)
14-0017
$80,000
$77,949
$2,051
$2,051
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
9
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
35
2015 Grant to New
Washington Heights
Community Development
Conference, Inc for the
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
Job Creation /
Economic
Development
(Programming)
14-0072
$110,000
$105,919
$4,081
$4,081
$0
36
2016 Grant to New
Washington Heights
Community Development
Conference, Inc for the
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
Job Creation /
Economic
Development
(Programming)
15-0056
$120,000
$128,281
-$8,281
-$8,281
$0
37
2017 Grant to New
Washington Heights
Community Development
Conference, Inc for the
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
Job Creation /
Economic
Development
(Programming)
17-0003
$120,000
$37,164
$82,836
$82,836
$0
38
Grant to Suited for Success,
Inc. for Training and
Professional Attire to Job
Seekers.
Job Creation /
Economic
Development
(Programming)
15-0003
$50,000
$49,897
$103
$103
$0
39
Grant to Suited for Success,
Inc. for Training and
Professional Attire to Job
Seekers.
Job Creation /
Economic
Development
(Programming)
16-0022
$110,000
$98,609
$11,391
$11,391
$0
40
Grant to Suited for Success,
Inc. for Training and
Professional Attire to Job
Seekers.
Job Creation /
Economic
Development
(Programming)
17-0015
$112,000
$0
$112,000
$112,000
$0
41
Grant for 2015 Summer
Youth Training Institute
Job Creation /
Economic
Development
(Programming)
15-0015
$226,000
$209,428
$16,572
$16,572
$0
42
Grant for 2016 Summer
Youth Training Institute
Job Creation /
Economic
Development
(Programming)
16-0024
$205,000
$180,912
$24,088
$24,088
$0
43
Grant for 2017 Summer
Youth Training Institute
Job Creation /
Economic
Development
(Programming)
17-0029
$220,000
$98,656
$121,344
$121,344
$0
44
Grant for 2018 Summer
Youth Training Institute
Job Creation /
Economic
Development
(Programming)
NR
$220,000
$220,000
$0
$220,000
45
Inc.
the
Training
2017 Grant to Neighbors
and Neighbors Association,
to underwrite costs
associated with the
continued operation of the
Business Incubator and
Development Program and
operation of the
Community Workforce
Program.
Job Creation /
Economic
Development
(Programming)
17-0017
$200,000
$18,178
$181,822
$181,822
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
10
Description
Category
Reso #
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
46
2018 Grant to Neighbors
and Neighbors Association,
Inc. to underwrite costs
associated with the
continued operation of the
Business Incubator and
Development Program and
the operation of the
Community Workforce
Training Program.
Job Creation /
Economic
Development
(Programming)
$200,000
$200,000
SO
$200,000
47
Available funds for grant to
World Literacy Crusade of
Florida, Inc. / Architectural
Services "Mama Hattie's
House"
Job Creation /
Economic
Development
(Programming)
Per Interlocal
Agreement /
16-0013
$340,419
$0
$340,419
$340,419
48
Grant to Villas of St. Agnes
Condominium Association,
Inc. to underwrite costs
associated with the
installation of perimeter
fencing surrounding the St.
Agnes development.
Infrastructure
(Capital
Projects)
14-0018
$150,000
$133,659
$16,342
$16,342
49
Funds to be expended for
installation of the Lyric
Plaza, located at 831 and
841 NW 2nd Avenue,
Miami, Florida.
Infrastructure
(Capital
Projects)
13-0049
$185,000
$27,035
$157,965
$157,965
50
Grant to the Black Archives
for Archival Collection,
Marketing and Cultural
Heritage Institute.
Arts and
Culture
(Programming)
14-0003
$572,000
$562,517
$9,483
$9,483
$0
51
2017 Grant to the Black
Archives for Archival
Collection, Marketing and
Cultural Heritage Institute
for 2017 calendar year.
Arts and
Culture
(Programming)
17-0042
$500,000
$0
$500,000
$500,000
$0
52
2018 Grant to the Black
Archives for Archival
Collection, Marketing and
Cultural Heritage Institute
for 2018 calendar year.
Arts and
Culture
(Programming)
NR
$500,000
$0
$500,000
$0
$500,000
53
Commercial Lease
Agreement with the Black
Archives for the lease of
office space for the CRA's
administrative offices. (For
two years)
Administration
/ Arts and
Culture
(Programming)
14-0002
$144,000
$138,000
$6,000
$6,000
$0
54
2017 Grant to the Black
Archives for renovation of
the Historic DA Dorsey
House./Loan
Reimbursement received
from the Black Archives
Foundation ($191,398).
Infrastructure /
Arts and
Culture
(Programming)
17-0041
$150,000
$0
$150,000
$150,000
$0
55
2017 Funds to be used for
the Overtown Music
Festival. Miami Foundation
Grant
Arts and
Culture
(Programming)
17-0016
$225,000
$92,957
$132,043
$132,043
$0
56
2018 Funds to be used for
the Overtown Music
Festival. Miami Foundation
Grant
Arts and
Culture
(Programming)
NR
$225,000
$0
$225,000
$0
$225,000
57
Funds to rehab the building
located at 240 NW 17th
Street, Miami Florida-9
units
Affordable
Workforce
Housing
(Capital
Projects)
14-0061
$450,000
$415,117
$34,883
$34,883
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
11
Description
Category
Reso#
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIP Revenue
Other Grants and Aids
-
58
2016 Holiday Tree Lighting
Event
Arts and
Culture
(Programming)
17-0006
$21,736
$20,750
$986
$986
$0
59
2017 Holiday Tree Lighting
Event
Arts and
Culture
(Programming)
NR
$20,000
$0
$20,000
$20,000
$0
60
Rehabilitation of"People's
Bar B Que"
Job Creation /
Economic
Development
(Capital
Project)
14-0075
$1,000,000
$812,093
$187,907
$187,907
$0
61
Add Funds Rehabilitation of
"People's Bar B Que"
Job Creation /
Economic
Development
(Capital
Project)
NR
$350,000
$0
$350,000
$350,000
$0
62
Grant for construction of
"Harlem Square"
Job Creation /
Economic
Development
(Capital
Project)
14-0076
$1,250,000
$60,077
$1,189,923
$1,189,923
$0
63
Work readiness orientation
and training sessions for
manufactures construction
class held at the Lyric
Theater
Job Creation /
Economic
Development
(Capital
Project)
16-0053
$15,000
$20,760
-$5,760
-$5,760
$0
64
Work readiness orientation
and training sessions for
manufactures construction
class held at the Lyric
Theater
Job Creation /
Economic
Development
(Capital
Project)
17-0007
$25,000
$15,500
$9,500
$9,500
$0
65
Grant to the Black Archives
for installation of visual
equipment.
Arts and
Culture
(Programming)
13-0052
$66,000
$65,857
$144
$144
$0
66
Professional Services
Agreement with Harold A.
Johnson Consulting - Miami
World Center
Job Creation /
Economic
Development
(Programming)
15-0024
$450,000
$444,167
$5,833
$5,833
$0
67
Grant to Charles Lowell
Realty Investment - 1767
NW 3rd Avenue -18 Units
Affordable
Workforce
Housing
(Capital
Projects)
15-0020
15-0055
$585,000
$0
$585,000
$585,000
$0
68
ST John 2nd Amendment
Overtown Signage
Affordable
Workforce
Housing
(Capital
Projects)
Pursuant to
Development
Agreement
$100,000
$0
$100,000
$100,000
$0
69
2016 American Black Film
Festival
Arts and
Culture
(Programming)
NR
$50,000
$0
$50,000
$50,000
$0
70
2015 Annual Revolt Film
Festival
Arts and
Culture
(Programming)
15-0040
$150,000
$139,753
$10,247
$10,247
$0
71
2017 Art Basel
Arts and
Culture
(Programming)
NR
$140,000
$0
$140,000
$140,000
$0
72
2018 Art Basel
Arts and
Culture
(Programming)
NR
$140,000
$0
$140,000
$0
$140,000
73
Emergency repairsto the
Former Law Office of the
Honorable Judge Lawson
Edward Thomas located at
1021 NW 2nd avenue.
Infrastructure
(Capital
Projects)
16-0048
$100,000
$0
$100,000
$100,000
$0
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
12
Description
Category
Reso#
Encumbrance
Amount
Amount
Expended
Remaining
Balance
Carry Over
2018
TIF Revenue
Other Grants and Aids
74
Grant in an amount not to
exceed $235,000 ($150K
IMLS/$85K CRA) to the City
of Miami Black Police
Precinct and Courthouse
Museum.
Arts and
Culture
(Programming)
16-0047
$85,000
$2,693
$82,307
$82,307
$0
75
Grant in an amount not to
exceed $10,000, to World
Literacy Crusade of Florida,
Inc - 2017 Girl Power
STEAM Summer Camp.
Job Creation /
Economic
Development
(Programming)
17-0025
$10,000
$0
$10,000
$10,000
$0
76
Grant to Nicole Gates and
Karim in an amount not to
exceed $50,000, for the
interior buid out of Lil
Greenhouse Grill located at
1300 NW 3rd Avenue.
Job Creation /
Economic
Development
(Programming)
17-0026
$50,000
$0
$50,000
$50,000
$0
77
Grant to Community Work
Training Program, Inc. in an
amount not to exceed
$150,000 for a job training
program.
Job Creation /
Economic
Development
(Programming)
17-0028
$150,000
$0
$150,000
$150,000
$0
78
Grant to Felicia and Derick
Pearson, in an amount not
to exceed $352,000, for the
interior build out of Code
Fever Miami located at 937
NW 3rd Ave.
Job Creation /
Economic
Development
(Programming)
17-0030
$352,000
$0
$352,000
$352,000
$0
79
Reserve to pay Gran Central
Loan $1,708,864
Infrastructure
(Capital
Projects)
Loan
Agreement
$1,708,864
$0
$1,708,864
$1,358,274
$350,590
80
Available for Other Grants
and Aids
Job Creation /
Economic
Development
(Capital
Project)
NR
$140,078
$0
$140,078
$140,078
81
Available for Other Grants
and Aids
Job Creation /
Economic
Development
(Capital
Project)
NR
$675,568
$0
$675,568
$0
$675,568
Subtotal
$42,902,748
$19,924,169
$22,978,579
$20,347,421
$2,631,158
Total Budget Amount Other Grants and Aids
NR - No CRA Resolution
R - CRA Resolution Passed
$5,081,623
$17,896,955
$22,978,579
$22,978,579
13
(Position
Executive Director
Assistant Executive Director
Architect
Financial Officer
In House Legal Counsel
Marketing Coordinator
Grant Writer
Agenda Administrator/Assistant to the Executive Director
Assistant Financial Officer
Business Coordinator
Community Liaison
Project lnspector
Administrative Assistant
Office Assistant
Accumulated Annual Leave
Contingency for Salary Increases (COLA 3%) or Promotions
Regular Salaries
Fica taxes
Executive Director
Financial Officer
Other CRA Staff
Employee's Contribution
Contingency
Life and Health Insurance
SEOPW
$149,000
$123,000
$105,987
$104,906
$88,000
$66,837
$71,379
$54,457
$50,457
$53,086
$44,558
$43,584
$45,526
$35,646
$46,883
$75,000
$1,158,306
$88,610
$88,610
Health/Dental/Vision Insurance
Retirement Contribution (457 Deferred Compensation and
Executive Director (Estimated Pension Contribution)
Assistant Executive Director
Financial Officer
Administrative Assistant
Agenda Administrator/Assistant to the Executive Director
Assistant Financial Officer
Project Inspector
Architect
Marketing Coordinator
Grant Writer/Part Timer
Office Assistant
Business Coordinator
Community Liaison
Contingency for Salary Increases (COLA 3%) or Promotions
Retirement Contribution
$14,850
$3,120
$160,000
-$4,956
$15,000
$173,014
$50,025
$9,840
$13,638
$2,276
$2,723
$2,523
$2,179
$5,299
$3,342
$3,569
$1,782
$2,654
$2,228
$5,250
$107,329
Car Allowance
Executive Director $6,000
Assistant Executive Director $2,400
Cell Phone Allowance
Executive Director
Assistant Executive Director
Financial Officer
Administrative Assistant
Agenda Administrator
Assistant Financial Officer
Project lnspector
Architect
Marketing Coordinator
Grant Writer
Business Coordinator
Fringe Benefits
ADP - Payroll Processing Fee (26 payroll periods X $150)
Best Janitorial Supply (12 months x $365)
Circle Security System (4 quarters X $175)
ICMA Retirement - Annual Plan Fee
Crystal Water
Other Contractual Services - Contingency
Other Contractual Services
$2,400
$1,200
$900
$900
$900
$1,800
$900
$900
$18,300
$3,900
$4,380
$700
$250
$800
$82,536
$92,566
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
14
To include cost for travel out of the city for conferences and
Travel and Per Diem
$30,000
$30,000
Black Police Precint
FPL-480 NW llth St Black Police Precint $12,000
Miami Water and Sewer - 480 NW llth Street Black Police Precint $7,200
Oracle Elevator Service - Black Police Precint $1,600
Community Center
FPL-300 NW llth $12,000
Miami Water and Sewer - 300 NW llth Fire line $600
TECO Gas - 300 NW llth $3,000
Phone Service $2,000
FPL- 250 NW 10th (Parking-4) $1,200
FPL - 153 NW 8th St parking $12,000
FPL-1000 NW 3rd Avenue (Parking-3) $3,043
FPL - Ward Rooming House (Account 27200-90022) $1,758
Miami Water and Sewer - 249 NW 9th Street (Ward Rooming $1,000
Miami Water and Sewer - 250 NW loth St $1,000
Contingency $6,000
Utility Service
Auto Insurance (One (1) New Vehicles)
Property Insurance/General/Liability Insurance
Workers Compensation (Estimate)
Long Term Disability Insurance for CRA Staff
Insurance
To include the cost of food associated to CRA Board
To include the cost of fuel.
To include the cost of miscellaneous supplies.
2016 Property Taxes Shopping Center
Other Current Charges
To include supplies necessary for use in the operation of an
Supplies
$64,401
$3,000
$121,555
$3,000
$12,000
$139,555
$20,000
$3,000
$3,000
$33,000
$59,000
$12,000
$12,000
15
To include other supplies not office related. Ex. Misc. Project
Operating Supplies
To include the cost of books, dues, memberships to
Subscription Membership/Training
$12,000
$12,000
$15,000
$15,000
To include the cost of office furniture $3,000
Machinery and Equipment
To include the expenses of placing advertisements in the
Advertising •
Konica Minolta Copier (Black and White Copies and Color
Sharp Copier (Black and White Copies)(12 months x $323.04)
Office Grant Lease $6K (Lyric Theater) will expire on June 30,
Rental and Leases
To include the cost of stamps or other related item.
Postage
To include the cost associated to any office/truck repair.
Repair / Maintenance - Outside
To include transfer of funds to the City of Miami Office of the
Interfund Transfer
Total FY 2018 Amended Budget - Recurrent
Expenditures
$3,000
$35,000
$35,000
$3,000
$4,000
$60,000
$67,000
$2,000
$2,000
$2,000
$2,000
$30,000
$30,000
$2,109,081
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16
SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
FY 2018
PROPOSED
BUDGET
FY 2017
AMENDED
BUDGET
BUDGET
VARIANCE
REVENUES
CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES)
$10,377,451
$10,525,607
($148,156)
MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$6,515,446
$6,424,109
$91,337
CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES)
$643,508
$483,646
$159,862
MIAMI DADE COUNTY - TAX INCREMENT (EXPANDED BOUNDARIES)
$404,683
$295,185
$109,498
CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION)
$414,240
$363,837
$50,403
MIAMI DADE COUNTY - TAX INCREMENT (PARK WEST ADDITION)
$261,143
$222,061
$39,082
CONTRIBUTION FROM THE CHILDREN TRUST FUND
$758,074
5753,293
$4,78
GRANT FROM EDA (FEDERAL GOVERNMENT)
$90,000
($90,0tt)
2017 UNAUDITED FUND BALANCE - 7/13/17
$26,915,529
$29,550,417
($2,63, :88)
TOTAL REVENUE
$46,290,074
$48,708,155
($2,• :,081)
REDEVELOPMENT EXPENDITURES
PROFESSIONAL SERVICES - LEGAL
$512,133
$245,561
$266,572
ACCOUNTING AND AUDIT
$31,000
$200
$30,800
PROFESSIONAL SERVICES - OTHER
$2,161,804
$2,786,7
-$624,927
OTHER CONTRACTUAL SERVICES
$568,519
$38 30
$183,389
LAND
$291,795
$1, 6,794
-51,024,999
INTERFUND TRANSFER (Grant)
$11,075,084
,787,323
$2,287,761
DEBT SERVICE PAYMENT
$4,521,875
4,519,125
$2,750
CONSTRUCTION IN PROGRESS
$296,611
$327,630
-$31,019
OTHER GRANTS AND AIDS
$22,978,57'
$26,889,825
-$3,911,246
TOTAL REDEVELOPMENT EXPENDITURES
$42,437,, i0
$45,258,319
($2,820,919)
REGULAR SALARIES
$1, ' ,306
$1,083,306
$75,000
FICA TAXES
88,610
$82,873
$5,738
LIFE AND HEALTH INSURANCE
$173,014
$173,014
$0
RETIREMENT CONTRIBUTION
$107,329
$102,079
$5,250
FRINGE BENEFITS
$18,300
$18,300
$0
OTHER CONTRACTUAL SERVICE
$92,566
$92,566
$0
TRAVEL AND PER DIEM
$30,000
$30,000
$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
BUDGET RESERVE - ADMINISTR• ION
$240,000
$240,000
$0
TOTAL ADMINISTRATIVE EX NDITURES
$2,349,081
$2,263,094
$85,988
Revenue Shortfall Resery
a) FY 2013 Carryover Fu . Balance (Surplus)
$314,134
$314,134
-
b) FY 2014 Carryover ' nd Balance (Surplus)
$512,015
$512,015
-
c) FY 2015 Carryov Fund Balance (Surplus)
$360,593
$360,593
-
d) FY 2016 Carr .ver Fund Balance (Surplus)
$316,851
$0
316,851
TOTAL REVE E SHORTFALL RESERVE
$1,503,593
$1,186,742
$316,851
TOTAL FU r a BALANCE
$46,290,074
$48,708,155
($2,418,081)
2018 TIF Revenue
2018 Administrative Expenditures
%Administrative Exp / 2018 TIF Revenue
0.00
$18,616,471
$2,349,081
13%
2018 Budget Reserve $1,503,593
Total 2018 Budget 546,290,074
% 2018 Budget Reserve / Total 2018 Budget 3%
SUBSTITUTED