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Exhibit A
1th Budget Update 7/9/2025 2nd Budget Update 7/14/25 OIVINI TAX INCREMENT FUND BUDGET fY2026 PROPOSED BUDGET FY 2025 ADOPTED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI - TAX INCREMENT $26,321,293 $23,653,239 $2,668,054 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $16,870,354 $15,160,791 $1,709,563 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $2,400,337 $1,592,823 $807,514 MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $1,538,471 $1,023,901 $514,570 Total TIF Revenues $47,130,455 TRANSFER FROM MIDTOWN CRA (Administration) $0 $139,181 ($139,181) RENT INCOME MEC ($8,333/Month) $100,000 $100,000 $0 2026's ESTIMATED CHILDREN TRUST CONTRIBUTION $1,808,970 $1,601,953 $207,017 2025's FUND BALANCE (NON TIF REVENUE SOURCES -FUNDS DERIVE FROM RENT COLLECTIONS) $1,872,245 $1,980,073 ($107,828) 2025's ESTIMATED FUND BALANCE $22,152,618 $28,398,446 ($6,245,828) TOTAL REVENUE $73,064,289 $73,650,407 ($586,118) REDEVELOPMENT EXPENDITURES ACCOUNTING AND AUDIT $25,000 $30,000 ($5,000) PROFESSIONAL SERVICES - OTHER (Available funds for consulting agreements for specific period of time) $700,000 $700,000 $0 OTHER CONTRACTUAL SERVICES (Available funds for service agreements for limited time frame to be provided on as needed basis) $700,000 $700,000 $0 INTERFUND TRANSFER (Debt Service) $2,815,441 $2,813,062 $2,379 INTERFUND TRANSFER (Grant) $2,197,869 $812,500 $1,385,369 LAND $250,768 $5,000,000 ($4,749,232) CONSTRUCTION IN PROGRESS $1,429,835 $1,519,628 ($89,793) OTHER GRANTS AND AIDS $32,715,468 $27,498,885 $5,216,583 1 1th Budget Update 7/9/2025 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES $1,215,220 $1,415,220 ($200,000) FICA TAXES $92,964 $108,264 ($15,300) LIFE AND HEALTH INSURANCE $110,000 $110,000 $0 RETIREMENT CONTRIBUTION $195,000 $195,000 $0 FRINGE BENEFITS $4,800 $4,800 $0 OTHER CONTRACTUAL SERVICE $140,000 $140,000 $0 TRAVEL AND PER DIEM $50,000 $50,000 $0 UTILITY SERVICE $20,300 $20,300 $0 INSURANCE $430,000 $430,000 $0 OTHER CURRENT CHARGE $259,378 $259,378 $0 SUPPLIES $7,000 $7,000 $0 OPERATING SUPPLIES $10,000 $10,000 $0 SUBSCRIPTION MEMBERSHIP $10,000 $10,000 $0 MACHINERY AND EQUIPMENT $60,000 $60,000 $0 ADVERTISING $15,000 $15,000 $0 RENTAL AND LEASES $3,600 $3,600 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERFUNDTRANSFER $60,000 $60,000 $0 Total Administrative Expenditures $2,687,263 2026's RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL) $3,992,662 $3,992,662 $0 2026's RESERVE FOR 2007 GLOBAL AGREEMENT (35 % PAC) $16,495,659 $14,500,765 $1,994,894 2026's RESERVE FOR INTERLOCAL CHILDREN'S TRUST $1,808,970 $1,601,953 $207,017 2026's RESERVE FOR CITY OF MIAMI $2,000,000 $0 $2,000,000 2026's RESERVE FOR MAURICE FERRE PARK ($2m for each year) $2,000,000 $2,000,000 $0 2026's ADMIN FEE FOR MIAMI DADE COUNTY $706,957 $0 $706,957 Total Reserve for Obligations with Other Government $27,004,248 Agencies RESERVE FOR MIDTOWN ADM EXPENDITURES $0 $139,181 ($139,181) RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT - 1401 GROUP LLC $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES $0 $1,980,073 ($1,980,073) RESERVE FOR EXPENDITURES NOT ALLOWED UNDER CHAPTER 163 (Carryover $1,504,745plus $100Krent Income) $1,604,745 $0 $1,604,745 RESERVE - BILLBOARD (RENT COLLECTED) $284,273 $284,273 $0 RESERVE FOR PAYMENT OF PROPERTY TAXES - MEC $234,378 $234,378 $0 RESERVE FOR UNSOLICITATED PROPOSALS $50,000 $25,000 $25,000 Total Reserve for Other $2,338,396 2019-2025 BUDGET RESERVE $0 $6,750,485 ($6,750,485) 2026 BUDGET RESERVE $200,000 $0 $200,000 Total Revenue Shortfall Reserve $200,000 TOTAL FUND BALANCE $73,064,289 $73,650,407 ($586,118) A) B) C) 2026 TIF Revenue 2026 TIF Rev for Affordable Housing % 2026 Budget for Affordable Housing 2026 TIF Revenue 2026 Administrative Expenditures % Administrative Exp / 2026 TIF Revenue Budget Reserve (2019-2026) Total 2026 Budget % 2026 Budget Reserve / Total 2026 Budget $47,130,455 $4,713,046 10% $47,130,455 $2,687,263 6% $200,000 $73,064,289 0.27% to 7/14/25 2