HomeMy WebLinkAboutSubmittal-Office of Management and Budget-June 2025 ProjectionsSubmitted into the public record for
item(s) BU.1 on 07/24/2025, City Clerk
CITY OF MIAMI - FY 2024-25
June 2025 Projections
17038 Submittal -Office of Management and Budget -June 2025 Projections
Submitted into the public record for
item(s) BU.1 on 07/24/2025, City Clerk
GENERAL FUND - REVENUES
FY 2024-25
Adopted Budget
FY 2024-
Y 2024-25
ear -End
" rojection
Y 2024-25 Year -
End Projection
to Budget
Year -to -Date
Actual
Property Taxes
$ 589,253,000
$ 575,738,913
$ 576,219,000
$ (13,034,000)
Franchise Fees/Other Taxes
156,298,000
86,420,567
143,999,000
(12,299,000)
Interest
17,363,000
26,270,542
32,556,000
15,193,000
Transfer - In
7,457,000
43,609,080
43,606,000
36,149,000
Fines & Forfeitures
7,379,000
4,759,210
6,772,000
(607,000)
Intergovernmental Revenues
107,933, 000
78,683, 538
108,173, 000
240,000
Licenses and Permits
101,281,000
83,343,315
106,954,000
5,673,000
Other Revenues (Inflows)
38,695,000
5,632,627
5,977,000
(32,718,000)
Charges for Services
141,142,000
130,623,906
160,137,000
18,995,000
Total
$ 1,166,801,000
$ 1,035,081,698
$ 1,184,393,000
$ 17,592,000
Submitted into the public record for
item(s) BU.1 on 07/24/2025, City Clerk
GENERAL FUND - EXPENDITURES
Y 2024-25
dopted Budge
Y 2024-25
Year -to -Date
Actual
' Y 2024-25
Year -End
Projection
FY 2024-25 Year-
End Projection
to Budget
Personnel
$ 844,458,000
$ 680,524,054
$ 850,601,000 $ (6,143,000)
Operating Expense
225,123,000
190,012,794
236,400,000
(11,277,000)
Capital Outlay
1,767,000
770,385
1,258,000
509,000
Non -Operating
Expenses
18,623,000
2,418,039
6,335,000
12,288,000
Transfers - Out
76,830,000
76,770,477
84,675,000
(7,845,000)
Total
$ 1,166,801,000
$ 950,495,749
$ 1,179,269,000
$ (12,468,000)
Submitted into the public record for
item(s) BU.1 on 07/24/2025, City Clerk
INTERNAL SERVICE FUND
Y 2024-25
dopted Budget
Y 2024-25 FY 2024-2
Year -to -Date Year -En
Actual Projectio
FY 2024-25 Year-
End Projection
to Budget
Revenues:
Transfers -IN
$
$
$
$
Other Revenues (Inflows)
139,807,000
138,500,562
140,429,000
_
622,000
Charges for Services
82,000
42,422
52,000
(30,000)
Total
$ 139,889,000
$ 138,542,984
$ 140,481,000
$ 592,000
Expenditures:
Innovation Technology
18,745,000
13,790,553
18,454,000
291,000
Risk Management
121,144,000
80,056,485
118,373,000
2,771,000
Total
$ 139,889,000
$ 93,847,038
$ 136,827,000
$ 3,062,000
_
Revenues Over/(Under)
Expenditures
$ -
$ 44,695,946
$ 3,654,000
SUMMARY
*Includes $5 million of
Contingency Reserve.
Submitted into the public record for
item(s) BU.1 on 07/24/2025. City Clerk
LITEM AMOUNJ
Projected Revenues
Projected Expenditures
1,184,393,000
1,179,269,000
Revenues Over/(Under) Expenditures 5,124,000
Internal Service Fund (ISF) Net Year -End
Surplus/(Deficit)
Net Year -End All Sub - Funds Surplus /(Deficit)
Year- End Surplus /(Deficit) by Sub -Fund
Building Reserve (Sub -Fund)
Transportation Trust (Sub -Fund)
General Fund*(Sub-Fund)
3,654,000
$ 8,778,000
(17,962,000)
10,000,000
16, 740, 000
Total $ 8,778,000
Submitted into the public record for
item(s) BU.1 on 07/24/2025, City Clerk