HomeMy WebLinkAboutExhibit ACoconut Grove BID
FY 2025-26 Proposed Budget
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Actual
FY 2024-25 Adopted
FY 2024-25 Projection
FY 2025-26
Difference
Notes
Proposed
Number of Full -Time Positions
3
4
4
4
4
4
0Lit
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
,.
Revenues
Parking Waiver Fees
$449,186
$661,612
$531,000
$498,000
$517,000
$257,000
-$241,000
Reduction due to lack of balloon
payments
Parking Surcharge
$230,000
$320,000
$330,000
$350,000
$340,000
$360,000
+$10,000
Special Events & Supplemental Fees
$0
$0
$5,000
$15,000
$0
$10,000
-$5,000
Sidewalk Cafe Fees
$0
$0
$0
$55,000
$60,000
$50,000
-$5,000
Overhead Banner Fees
$0
$13,500
$15,000
$5,000
$5,900
$5,000
$0
BID Assessment Dues
$617,685
$654,146
$695,000
$680,000
$663,100
$722,000
+$42,000
Regatta Harbour Parking Lot
$85,644
$209,528
$168,000
$200,000
$222,000
$240,000
+$40,000
Other Income
$0
$0
$0
$15,000
$32,000
$30,000
+$15,000
Ike Kiosks revenue share
Collections Deferred
$0
$5,563
$0
$0
$0
$0
$0
Transfer from BID Investment Account
$0
$0
$3,426,000
$85,000
$0
$979,000
+$894,000
If necessary
Revenue Grand Total
$1,382,515
$1,864,349
$5,170,000
$1,903,000
$1,840,000
$2,653,000
$750,000
Operating Expenditures
Regular Salary and Wages
$278,604
$285,000
$365,000
$370,000
$352,000
$390,000
+$20,000
Includes 5% annual increase in
salaries from PY and COLA increase of
6%
Other Salaries /Park
$0
$0
$0
$0
$0
$0 $0
Fringe Benefits
$0
$0
$0
$9,000
$8,000
$9,000
$0
ED Car allowance of $500 per month,
phone allowance for staff of $250 per
month
FICA Taxes
$0
$0
$32,000
$29,000
$26,000
$30,000 +$1,000
7.65% of proposed salaries
Retirement Contributions
$0
$0
$0
$23,000
$11,000
$23,000 $0
6% match of proposed salaries
Life and Health Insurance
$0
$0
$60,000
$75,000
$45,000
$51,000
-$24,000
medical dental vision life for 4
employees.
Business Insurance
$10,500
$12,000
Workers' Compensation
$0
$0
$0
$6,000
$5,400
$6,000 $0
Coconut Grove BID
FY 2025-26 Proposed Budget
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Actual
FY 2024-25 Adopted
FY 2024-25 Projection
FY 2025-26
Difference
Notes
Proposed
Number of Full -Time Positions
3
4
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
_ , „ llgill
Unemployment
$0
$0
$0
$1,000
$1,000
$1,000
$0
Professional Services
$104,788
$416,958
$45,000
$15,000
$15,000
$15,000
$0
Allowance for surveys, architectural
and engineering plans.
Accounting and Auditing
$86,000
$86,000
$95,000
$86,000
$87,000
$87,000
+$1,000
$72,000 for Accounting Services,
$12,000 annual audit
Other Contractual Services
$0
$0
$98,000
$446,000
$489,000
$500,000
+$54,000
Block by Block - Security $168,000,
Sanitation $282,000, tree lighting
$50,000
Other Contractual Services - Grants
$0
$0
$0
$0
$0
$0
$0
Communications and Related Services
$0
$0
$78,000
$15,000
$12,000
$15,000
$0
Internet $4,200, Office phones $3,000,
IT services $7,200
Postage
$0
$0
$2,000
$2,000
$1,800
$2,000
$0
Rentals and Leases
$70,000
$79,000
$70,000
$81,000
+$2,000
Office lease $68,763, Parking $8,250,
Copier $3,000, Pitney Bowes $1,300
Repair and Maintenance Services
$0
$0
$0
$50,000
$27,000
$50,000
$0
Lighting, Signage, pavers and turf
repairs, vehicle maintenance.
Maintenance -Landscape
$95,548
$0
$203,000
$40,000
$64,000
$40,000
$0
Tree Trimming, Landscape
maintenance, replacement and
improvements
Printing and Binding Outsource
$0
$0
$17,000
$5,000
$0
$0
-$5,000
Included in Advertising line item
Promotion Expense
$60,263
$0
$26,000
$15,000
$0
$0
-$15,000
Included in Advertising line item
Marketing and Advertising and Related
Costs
$394,876
$609,299
$705,000
$542,000
$539,000
$709,000
+$167,000
See marketing budget tab for detail
Other Current Charges & Obligation
$0
$0
$0
$0
$0
$0
$0
Office Supplies
$0
$0
$12,000
$12,000
$12,000
$12,000
$0
Operating Supplies
$0
$0
$0
$1,000
$1,700
$1,000 yc,
$0
Coconut Grove BID
FY 2025-26 Proposed Budget
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Actual
FY 2024-25 Adopted
FY 2024-25 Projection
FY 2025-26
Difference
Notes
Proposed
Number of Full -Time Positions
3
4
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
Motor Fuel
$0
$0
$0
$1,000
$1,000
$1,000
$0
Fuel for equipment
Uniforms/clothing
$0
$0
$0
$1,000
$1,000
$1,000
$0
Landscape Related Supplies
$93,548
$0
$32,000
$12,000
$12,000
$12,000NW
$0
Tree and plant replacements
Subscriptions, Memberships, and Licenses
$0
$0
$20,000
$5,000
$5,000
$5,000
$0
Memberships to ULI $540 and IDA
$1750.00, CG Chamber $180, Greater
Miami Chamber $820, GMBHA $600.
Travel and Per Diem
$0
$0
$0
$5,000
$5,000
$5,000
$0
IDA Conference
Equipment & Furniture
$0
$0
$5,000
$5,000
$5,000
$5,000
$0
Improvement other than building
$169,746
$0
$3,300,000
$0
$0
$0
$0
All other Expenditure
$0
$0
$0
$3,000
$120,000
$240,000
+$237,000
$20,000 per month for transportation
services
Budget Reserve
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Operating Expenditure Grand Total
$1,425,232
$1,397,257
$5,165,000
$1,853,000
$1,926,400
$2,303,000
$438,000
Capital Expenditures
Capital Expenditures
$0
$0
$0
$50,000
$42,000
$350,000
+$300,000
Allowance for scramble at
main/grand/mcfarlane intersection
$300,000 and Pickup truck for BID
$50,000.
Capital Expenditures Grand Total
$0
$0
$0
$50,000
$42,000
$350,000
Revenues Minus Expenditures
-$42,717
$467,092
$5,000
$0
-$86,400
$0
Coconut Grove BID
FY 2025-26 Proposed Budget
FY 2021-22 Actual
FY 2022-23 Actual
FY 2023-24 Actual
FY 2024-25 Adopted
FY 2024-25 Projection
FY 2025-26
Proposed
Difference
Notes
Number of Full -Time Positions
3
4
4
4
4
4
0
Are any positions funded in other budgets?
No
No
No
No
No
No
If so, how much is in this budget?
N/A
N/A
N/A
N/A
N/A
N/A
If so, how much is in the other budget?
N/A
N/A
N/A
N/A
N/A
N/A
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