HomeMy WebLinkAboutPre-LegislationCity of Miami
Resolution R-24-0322
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16535 Final Action Date: 9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE BAYFRONT
PARK MANAGEMENT TRUST IN THE TOTAL AMOUNT OF $29,950,011.20,
ATTACHED AND INCORPORATED AS EXHIBIT "A", TO PROVIDE FOR THE
MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL
IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT
PARK AND MAURICE A. FERRE PARK FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025.
WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and
instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 10348 adopted
November 19, 1987, as subsequently amended from time to time; and
WHEREAS, the Trust is responsible for directing, operating, managing, and maintaining
all aspects of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park (collectively,
"Parks"); and
WHEREAS Section 38-109 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit its annual budget for the management, operation,
maintenance, and capital expenditures of the Parks to the City Commission for approval; and
WHEREAS the governing body of the Trust reviewed and approved the Trust's annual
budget for Fiscal Year 2024-2025 in the total amount of $29,950,011.20, attached and
incorporated as Exhibit "A" ("Budget"), on July 30, 2024, for the management, operation,
maintenance, and capital expenditures for the Parks; and
WHEREAS the Trust requests the approval by the City Commission of the Budget,
attached and incorporated as Exhibit "A", for Fiscal Year 2024-2025 in the total amount of
$29,950,011.20.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The Trust's Budget for the management, operation, maintenance, and capital
improvements of the Parks in the total amount of $29,950,011.20, attached and incorporated as
Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025,
is approved and adopted.
City of Miami Page 1 of 2 File ID: 16535 (Revision:) Printed On: 9/16/2024
File ID: 16535 Enactment Number: R-24-0322
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ttor -y 8/28/2024
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 16535 (Revision:) Printed on: 9/16/2024
BAYFRONT PARK MANAGEMENT TRUST
Budget Template FY 2024-25 Proposed Budget
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Adopted
FY 2023-24 Projection
FY 2024-25
Difference Notes
Proposed
Number of Full -Time Positions
16
16
16
15
21
-1
Are any positions funded in other budgets?
No
No
No
No
No
If so, how much is in this budget?
No
No
No
No
No
If so, how much is in the other budget?
No
No
No
No
No
Revenues
BPMT- AMPHITEATHER OPERATIONS & MGMT.
$926,100
$931,802
$973,729
$993,373
$1,002,941
+$61,571
BPMT - BOAT DOCK INCOME
$525,286
$576,881
$583,700
$712,979
$792,000
+$136,098
BPMT-CONCESSIONS
$331,556
$802,257
$473,200
$539,738
$1,199,600
-$262,519
BPMT- EVENT RENTAL INCOME
$999,570
$2,718,125
$2,729,000
$3,032,326
$2,402,500
+$314,200
BPMT - FILM & VIDEO LOCATION RENTAL
$32,450
$41,391
$55,000
$28,500
$30,000
-$12,891
BPMT- GLOBAL AGREEMENT REINBURSEMENT
$0
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$0
BPMT-GRANTS
$476,409
$1,112,951
$624,000
$540,786
$535,000
-$572,165
BPMT - MARQUEE REVENUE
$12,250
$15,000
$20,000
$125,557
$30,000M
+$110,557
BPMT- MISCELLANEOUS REVENUES
$688,190
$507,773
$744,000
$532,263
$15,000
+$24,489
BPMT - PARKING OPERATION INCOME
$1,357,308
$1,303,903
$1,178,000
$1,412,399
$1,222,000
+$108,496
BPMT- SKYVIEW SURCHARGE
$859,815
$247,512
$267,000
$645,419
$420,000lip
+$397,907
BPMT- SPECIAL EVENT SPONSORSHIP
$95,500
$155,200
$232,000
$165,150
$0
+$9,950
Reserve Transfer Funds
$0
$8,106,221
$16,198,244
$16,198,244
$20,300,970
+$8,092,023
Additional funding to be used for
capital expenditures
Revenue Grand Total
$6,304,434
$18,519,016
$26,077,873
$26,926,733
$29,950,011
$8,407,717
Expenditures
V
BPMT- AUTOMOBILE EXPENSES
$22,889
$24,471
$30,500
$32,736
$26,042
+$8,265
Increase in operations
BPMT - EQUIPMENT RENTAL
$6,563
$11,292
$12,000
$22,791
$38,000
+$11,499
Increase in operations
BPMT - LANDSCAPING & TREE MAINTENANCE
$3,335
$71,541
$229,000
$122,247
$198,500
+$50,706
Increase in operations
BPMT - LICENSES & PERMITS
$399
$399
$0
$6,504
$12,000
+$6,105
Increase in operations
BPMT-OFFICE & GRAL. ADMIN. EXPENSES
$156,472
$191,210
$232,000
$183,080
$142,040
-$8,130
Increase in operations
BPMT - OTHER BUSINESS EXPENSES
$388,050
$158,901
$257,000
$236,671
$73,000�
+$77,769
Increase in operations
BPMT - PAYROLL BENEFITS AND EXPENSES
$188,669
$164,486
$154,300
$206,488
$282,724
+$42,002
Proposed new employees
BPMT - PAYROLL SALARIES & WAGES
$714,516
$763,174
$1,205,821
$1,010,798
$1,305,098
+$247,624
Proposed new employees
BPMT - PROFESSIONAL FEES
$208,193
$506,379
$576,000
$690,736
$1,172,700
*
+$184,357
Increase in security
BPMT-REPAIRS & MAINTENANCE
$305,050
$374,186
$177,200
$426,468
$162,012
+$52,282
Increase in operations
BPMT - SPONSORED EVENTS & ENTERTAINMENT
$844,196
$1,270,174
$1,557,000
$1,362,217
$1,382,500
+$92,043
Sponsored events cost increase
BPMT - SUPPLIES & MATERIALS
$44,685
$32,283
$84,500
$67,838
$62,160
+$35,555
Increase in operations
BPMT-UTILITIES
$388,790
$468,031
$443,000
$623,317
$846,500
+$155,286
Increase in operations
Interest Income & Dividends
$0
$0
$0
-$1,056,243
-$1,045,000
-$1,056,243
Bank Interest
Depreciation Expense
$469,551
$469,551
$0
$509,488
$671,735
+$39,937
Capital Expenditures
$0
$11,650,000
$26,077,873
$26,077,873
$22,530,000
+$14,427,873
Capital Improvements
Expenditure Grand Total
$3,741,359
$16,156,078
$31,036,194
$30,523,009
$27,860,011
$14,366,931
Revenues Minus Expenditures
$2,563,075
$2,362,939
-$4,958,321
-$3,596,276
$2,090,000 $0-$5,959,214