HomeMy WebLinkAboutExhibit ABUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2025-2026
THE PROPOSED OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
ARE 5% LESS THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
Revenue Sources
Ad Valorem Tax Levy
Reimbursements
Reserve, Carryover and Others
0.3900 Millage per $1000
GENERAL FUND
$ 12,820,000
3,369,490
Total Revenues 16,189,490
Total Revenues and Balances
2,676,500
18,865,990
Operating Expenditures
General Expenses 3,566,500
Leadership, Advocacy and Operations 1,330,000
Quality of Life & Enhanced Services 8,611,490
Arts, Culture & Entertainment 1,000,000
Urbanism 2,048,000
Business Development 2,310,000
Total Operating Expenditures 18,865,990
Fund Balances and Reserves
Total Expenditures, Reserves, and Balances 18,865,990
The tentative, adopted, and/or final budgets are on file in the office of the
above referenced taxing authority as a public record.
Downtown Development Authority of the City of Miami
Budget Template FY 2025-26 Proposed Budget
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
27
29
30
30
30
0
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in this budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in the other budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
Revenues
Ad Valorem Taxes
$10,924,767
$11,902,296
$12,321,500
$12,321,500
$12,179,000
-142,500
Per Millage calculations:
0.3900 - Decrease of 10%
95% - $12,179,000 (Conservative Internal Revenue)
100% = $12,820,000 (Based on 07/01 Appraisal Report)
Grant monies
$322,271
$355,097
$644,490
$644,490
$644,490
0
CRA Reimbursement (Contract).
Other
$4,196,620
$503,057
$2,625,000
$3,140,000
$3,190,000
+565,000
Interest Income ('"$465k)
$65k PIO (City Agreement)
$1,860,000 DRI
$700,000 IKE Kiosk
$100k ARPA Funds
Carryover Funds from Prior Years
$0
$0
$4,260,210
$1,111,700
$2,852,500
-1,407,710
Will be based on need from Economic Recovery Reserve and Carryover.
Revenue Grand Total
$15,443,658
$12,760,450
$19,851,200
$17,217,690
$18,865,990
-$985,210
Expenditures '
Regular Salary and Wages
$2,004,888
$2,418,629
$2,790,100
$2,750,000
$2,700,000
-90,100
30 employees / No raises for FY2526/Reclassification of employees and salaries.
Quality of Life = 11 Staff
Urban Planning = 3 Staff
Community Engagement = 5 Staff
Economic Development =4 Staff
Operations = 5 Staff
Leadership, Advocacy and Operations = 2 Staff
Personnel Related Costs
$687,096
$714,128
$1,064,610
$900,000
$866,500
-198,110
Reclassification of employees and salaries/Decrease in use and costs. Taxes, Pension Plan, insurances,
transportation, and communications.
Accounting and Auditing
$27,000
$25,000
$35,000
$35,000
$35,000
0
Required Annual Audit and ARPA Funds Audit.
Professional Services - Legal
$27,500
$30,000
$60,000
$30,000
$30,000
-30,000
Contract with the City of Miami.
Professional Services
$93,729
$125,000
$100,000
$100,000
$85,000
-15,000
IT Services Contract/Negotiated fees.
Other Contractual Services
$188,328
$223,801
$170,000
$98,200
$130,000
-40,000
Intergovernmental Advocacy (State, County and City), legal services in case of conflict with The City and
Procurement Services (City of Miami).
Ambassadors' Program
CRA Team
$1,065,076
$980,000
$1,500,000
$1,500,000
$1,647,000
+147,000
RFP for new agreement is under the cone of silence. Estimate for Ambassador contract; contract expired June 2024
and we are on a month -to -month agreement.
1.We added 4 additional positions - total $257,000
a.1 -Assistant Operations Manager - $87,000 (Currently there is only one Operations Manager for a Team of 20
Ambassadors who work Monday -Sunday. This position will serve as an additional administrator for the the
afternoon, evening, and weekend Team members. This is a full-time position. The dollars estimated or at the
current rate of the Operations Manager as billed on the contract at $42.05/hour. This rate is estimated)
b.1 - Lead Supervisor - $60,000 (Currently, we have 3 Lead Supervisors - 2 Leads supervising day Teams (Monday
through Sunday 8 am to 6:30 pm) and 1 working on nights (Monday -Sunday 6:30 pm to 1:00 am) - an additional
Lead Supervisor will be added to the night Team to supervise the Ambassadors that work on the night shift.
$322,271
$199,595
$644,490
$644,490
$644,490
0
Reimbursable grant.
Downtown Development Authority of the City of Miami
Budget Template FY 2025-26 Proposed Budget
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
27
29
30
30
30
0
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in this budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in the other budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
Homeless Assistance & Reintegration Support
$963,894
$1,216,044
$2,521,000
$2,500,000
$3,000,000
+479,000
Changed line item name to include DET Team, and Homeless Assistance.
Increase of salaries to $1/hour more than minimum wage ($14); DET 60 Team Members ($1.4M) (Pit Stop and
street cleaning)
Aging fleet (requires more maintenance), insurance costs, new truck, and increase in prices for supplies/equipment
(Pit Stop and street cleaning) ($925k)
New DET NEAT Team ($125k)
Hermanos de la Calle ($200k)
Lotus House ($50k)
Mental Health Provider ($70k)
Youth Program - HEAT program / Educate Tomorrow ($5k)
Homeless Outreach ($225k)
NEAT Team
Enhanced Sanitation, Security and Lighting
$192,207
$194,369
$195,000
$50,000
$0
-195,000
Elimination of NEAT contract due to increased cost of contract (salaries and equipment cost); work will be
absorbed by DET Team.
$20,761
$951,042
$2,000,000
$1,835,000
$3,165,000
+1,165,000
Pressure Washing of Construction area sidewalks ($65k)
Off Duty (-$1.5M)
Increase of Cameras, License Plates readers and drones (-$1.5M)
Graffiti Task Force (-$50k)
Dog Spot Maintenance ($50k)
Communications and Related Services
$364,880
$392,735
$580,000
$315,000
$500,000
-80,000
Advertising / Collateral Materials / Photography & Video/ Promotional Materials / Website Maintenance/Hosting
/ Marketing Initiatives / Branding Plan and Holiday Lights.
Operational Expenses
$105,975
$393,506
$319,500
$342,000
$196,000
-123,500
Courier Services, Meetings, Postage/Meter, Required ads, utilities, copy machines, office supplies, office
equipment, software and licenses, repairs, maintenance, storage rent, and visitors parking. Increases last year was
due to move and increases in costs, negotiated better prices and made adjustments as needed. Parking is only for
Only for Board Members and Government Officials. Storage, needed a bigger space for files per Florida State
Record Management.
Office Rent
$358,205
$482,734
$566,000
$550,000
$516,500
-49,500
Negotiated lease for second year, free rent months.
Office Insurance Cost
$60,884
$95,821
$76,000
$76,000
$77,500
+1,500
Non -Profit Package and Umbrella, Wind, Workers Compensation, Directors and Officers, EPLI. Increases due to new
year.
Capital Projects and Purchases
$1,840,879
$2,166,556
$2,071,500
$1,980,000
$2,003,000
-68,500
Master Plan 2050, Baywalk/Riverwalk + Connections, Transportation Initiatives, Public Information Officer and
Permit Clinic Office, 3D Development Pipeline, and Public Realm Improvements.
All Other Expenditures
-
-
-
-
-
-
Please see detail below:
Professional Development and Conferences
$102,337
$106,662
$150,000
$145,000
$75,000
-75,000
Tuition reimbursement and professional development for staff to remain competitive and retain talent. More local
conferences and classes online.
Targeted Programs & Activations
$228,817
$297,189
$305,000
$320,000
$50,000
-255,000
Decrease due to moving Homelessness Assistance to Homeless Assistance & Reintegration Support. And lack of
interest in grant process from some educational partners.
Public Education Assistance: Will create a grant program like ACE and BD for these kind of educational assistance
requests:
New World School - Music Program ($10k)
Mater Brickell Music Program ($5k)
NFTE ($5k)
Downtown Miami Charter ($5k)
Mater Brickell -Tech Program ($5k)
Southside School ($10k)
Police Community Events & Best Buddies ($10k)
Downtown Development Authority of the City of Miami
Budget Template FY 2025-26 Proposed Budget
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
27
29
30
30
30
0
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in this budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
If so, how much is in the other budget?
$
125,000
$
137,000
$
135,000
$
135,000
$
137,000
+2,000
CRA Reimbursement (salary and benefits increases) = $72,000
PIO Reimbursement = $65,000 (part of salary)
Community Activations and Grants
$587,154
$789,123
$1,190,000
$500,000
$1,000,000
-190,000
Decrease due to the Board Director's review during the Budget process.
Downtown Creative Collaborator Grants: ($475k)
Approximate funding ranges:
Funding Range $5k-$7.5 (10) = $75k
Funding Range $10k-$15 (10) = $150k
Funding Range $20k-$25k (max $50k) (5) = $250k
Legacy Grants ($425k)
Activations ($100k)
Public Relations
$264,100
$169,187
$208,000
$197,000
$185,000
-23,000
Negotiation of Contracts.
Research Reports and Databases
$97,869
$137,088
$355,000
$200,000
$200,000
-155,000
Spending Report/Placer AI/Salesforce/Commercial Report/Residential Report
Special Initiatives
$692,669
$505,496
$2,950,000
$2,150,000
$1,760,000
-1,190,000
Growth and Development Assistance
Professional Development/Sponsorships/Event Grants/Networkers/Business Openings
Fagade Improvements Grants
Incentive Grants Program
Small Business Assistance
Expenditure Grand Total
$10,296,517
$12,613,705
$19,851,200
$17,217,690
$18,865,990
-985,210
Revenues Minus Expenditures
$5,147,141
$146,745
$0
$0
$0