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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #17843 Date: 07/01/2025 Commission Meeting Date: 09/13/2025 Requesting Department: Off -Street Parking Board/Miami Parking Authority Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '26 - Department of Off -Street Parking Purpose of Item: Approving and adopting the annual operating budget of the Department of Off -Street Parking for the fiscal year commencing October 1, 2025 and ending September 30, 2026 in the amount of $30,297,785.00 excluding depreciation, and other non -operating expenses of $4,675,560.00. Background of Item: N/A Budget Impact Analysis Item is Related to Revenue Item has NOT an Expenditure Total Fiscal Impact: Total Fiscal Impact: $17,000,000 (revenue) Reviewed B Off -Street Parking Board/Miami Parking Authority Review Completed Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk 07/03/2025 11:41 AM Lai -wan McGinnis Marie Gouin Asael Marrero Natasha Colebrook -Williams Arthur Noriega V Valentin J Alvarez Larry M. Spring Xavier Alban George K. Wysong III Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Mirtha Dziedzic Department Head Budget Analyst Review Budget Review Assistant City Manager Review Deputy City Manager Review City Manager Review Legislative Division Review Assistance City Manager Review ACA Review Approved Form and Correctness Meeting Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 07/08/2025 10:54 AM 07/08/2025 3:14 PM 07/08/2025 7:20 PM 07/09/2025 5:30 PM 07/10/2025 10:12 AM 07/16/2025 1:30 PM 08/13/2025 1:15 PM 08/29/2025 9:43 AM 08/29/2025 11:17 AM 09/13/2025 10:00 AM 09/16/2025 3:51 PM 09/16/2025 4:00 PM 09/16/2025 4:00 PM City of Miami Legislation Resolution Enactment Number: R-25-0376 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17843 Final Action Date:9/13/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET, ATTACHED AND INCORPORATED AS EXHIBIT "A," OF THE DEPARTMENT OF OFF STREET PARKING FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026, IN THE OPERATING AMOUNT OF THIRTY MILLION, TWO HUNDRED NINETY-SEVEN THOUSAND, SEVEN HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS ($30,297,785.00), EXCLUDING DEPRECIATION, AND OTHER NON -OPERATING EXPENSES OF FOUR MILLION, SIX HUNDRED SEVENTY-FIVE THOUSAND, FIVE HUNDRED SIXTY AND 00/100 DOLLARS ($4,675,560.00). WHEREAS, Section 23(h) of the Charter of the City of Miami, Florida, as amended ("City Charter") provides that all budgets, funds, and accounts pertaining to the off-street parking facilities of the City of Miami ("City") shall be segregated from all other budgets, funds, and accounts of the City and shall be so kept to reflect the financial condition and the operation of each off-street parking facility of the City separately; and WHEREAS, a budget is required to properly administer the Department of Off -Street Parking ("DOSP"); and WHEREAS, Section 23(h) of the City Charter further provides that no later than one (1) month before the end of each fiscal year, the Director of DOSP, with the approval of the Off - Street Parking Board, shall prepare and submit to the City Commission a budget estimate of expenditures and revenues for the ensuing fiscal year in the same form and like manner as all other departments of the City for approval by the City Commission; and WHEREAS, the Off -Street Parking Board reviewed and approved the DOSP annual budget for Fiscal Year 2025-2026 on June 4, 2025, in the operating budget amount of Thirty Million, Two Hundred Ninety Seven Thousand, Seven Hundred Eighty -Five and 00/100 Dollars ($30,297,785.00), excluding depreciation, and other non -operating expenses of Four Million, Six Hundred Seventy -Five Thousand, Five Hundred Sixty and 00/100 Dollars ($4,675,560.00); and WHEREAS, the DOSP requests the approval of the attached and incorporated proposed budget for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, in the operating budget amount of Thirty Million, Two Hundred Ninety -Seven Thousand, Seven Hundred Eighty -Five and 00/100 Dollars ($30,297,785.00), excluding depreciation, and other non -operating expenses of Four Million, Six Hundred Seventy -Five Thousand, Five Hundred Sixty and 00/100 Dollars ($4,675,560.00), attached and incorporated as Exhibit "A;" 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. DOSP's annual budget, attached and incorporated, for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, in the operating amount of Thirty Million, Two Hundred Ninety -Seven Thousand, Seven Hundred Eighty -Five and 00/100 Dolars ($30,297,785.00), excluding depreciation, and other non -operating expenses of Four Million, Six Hundred Seventy -Five Thousand, Five Hundred Sixty and 00/100 Dollars ($4,675,560.00), attached and incorporated as Exhibit "A," is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. APPROVED AS TO FORM AND CORRECTNESS: g Wy ng III, C y ttor y 8/29/2025 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.