HomeMy WebLinkAboutBack-Up DocumentsBAYFRONT PARK
M
BAYFRONT PARK MANAGEMENT TRUST
OPERATING BUDGET
FISCAL YEAR 2025/2026
BAYFRONT PARK
MIAM1
TABLE OF CONTENTS
1. MEMBERSHIP
2. LETTER OF INTRODUCTION
3. RESOLUTION ADOPTING NEW BUDGET FOR
FISCAL YEAR 2025/2026
4. BUDGET VARIANCE AND COMPARISON FROM
PREVIOUS YEAR
5. BUDGET SUMMARY BY MONTH
6. NOTES TO PROPOSED BUDGET
7. CAPITAL IMPROVEMENT BUDGET
BAYFRONT PARK
MIAMI
CHAIRMAN
Commissioner Miguel Angel Gabela
TRUST MEMBERS
Christopher Penelas
Javier Banos
Marie Loussaint
Carlos Martell
Steven Smith
Pat Santangelo
Horacio Stuart Aguirre
Ana Matos
INTERIM EXECUTIVE DIRECTOR
Raul Miro
MILDRED AND CLAUDE PEPPER
BAY FRONT PARK
MANAGEMENT TRUST
301 N. BISCAYNE BOULEVARD. MIAMI, FL 33132
TELEPHONE: (305)358-7550 FAX: (305) 358-1211
July 30, 2025
SUBJECT: Submission of the Bayfront Park Management Trust Operating Budget for
Fiscal Year 2025- 2026- Beginning October 1, 2025 and ending on September 30, 2026.
Dear City of Miami Commission:
Pursuant to Section 38-109 of the Code of the City of Miami, the Bayfront Park Management
Trust submits its annual operating and maintenance budget for Bayfront Park and Maurice
A. Ferre Park to the City Commission for approval.
Attached for your review and approval is the Trust's Operating Budget for Fiscal Year 2025-
2026, covering the period from October 1, 2025, through September 30, 2026.
Please feel free to contact me if you have any questions.
Sincer
Rau Miro
inte im Executive Director
RMiro@miamigov.com
MILDRED AND CLAUDE PEPPER
BAYFRONT PARK
MANAGEMENT TRUST
301 N. BISCAYNE BOULEVARD, MIAMI, FL 33132
TELEPHONE: (305)358-7550 FAX: (305) 358-1211
Resolution No. 25-55
A RESOLUTION OF THE BAYFRONT PARK MANAGEMENT TRUST ("TRUST") OF
THE CITY OF MIAMI, FLORIDA ("CITY"), APPROVING AND ADOPTING THE
PROPOSED ANNUAL BUDGET, ATTACHED AND INCORPORATED AS EXHIBIT A, IN
THE AMOUNT OF THIRTY MILLION, SIX HUNDRED TWENTY-THREE THOUSAND,
SEVEN HUNDRED FIFTY-TWO AND 00/100 DOLLARS ($30,623,752.00) TO PROVIDE
FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL
IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND
MAURICE A. FERRE PARK FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2025, AND ENDING SEPTEMBER 30, 2026; DIRECTING THE EXECUTIVE DIRECTOR
TO TRANSMIT A COPY OF THIS RESOLUTION TO THE CITY OF MIAMI FOR
PLACEMENT ON THE CITY COMMISSION'S SEPTEMBER 13, 2025 FIRST BUDGET
HEARING MEETING AGENDA FOR THE CONSIDERATION AND APPROVAL BY THE
CITY COMMISSION OF THE TRUST'S PROPOSED BUDGET PURSUANT TO
SECTION 38-109 OF THE CODE OF THE CITY OF MIAMI, AS AMENDED.
Dated this 30th day of July, 2025
Com - ssioner Miguel Angel Gabela
Ch. man, Bayfront Park Management Trust
g6i
BAYFRONT PARK
MIAMI
"EXHIBITA & B"
BUDGET VARIANCE AND COMPARISON FROM
PREVIOUS YEAR
Bayfront Park Management Trust Corporation
Operating Budget
October 2025 - September 2026
"Exhibit A"
Budget Variance
Actual Oct 1 2024 - Forecast July 1 2025 - Proposed Budget Approved Budget Proposed vs Prior
June 30, 2025 Sept 30, 2025 202512026 202412025 Year Budget
Income
BPMT-AMPF67EATHER OPERATIONS & MGMT. 577,200.61 250,735.22 1,002,941.00 1,002,941.00
BPMT-BOAT DOCK INCOME 511,357.42 27,757.00 792000.00 792,000.00 -
BPMT-CONCESSIONS 1,600,084.51 293,399.97 1,199,600.00 1,199,600.00
BPMT-EVENT RENTAL INCOME 2,964,144.00 2,402500.00 2,402,500.00
8P'4T-FILM &VEIEO LOCATION RENTAL 7,50000 30,000.00 30,000.03
BPMT-GLOBAL AGREEMENT REIMBURSEMENT 2,000,000.00 2,030000.00 2,0.23,000.00 -
BPhil' -GRANTS 588,741.00 5,000.00 136,741.00 535,000.00 53,741.00
BPUT - MARQUEE REVENUE 174,73282 7,500.00 30,000.00 30,000.00 -
BP14T - MISCELLANEOUS REVENUES 266,331.97 3,750.00 15,000.00 15,000.00
BPMT- PARKING OPERAT10:Imoo ME 1,160,421.17 321,000.00 1,222,000.00 1,222,000.00
BPMT- SKYVEEW SURCHARGE 215584.00 105,000.00 420,000.00 420.00100 -
BPMT- SPECIAL EVENT SPONSORSHIP 140,000.00 - 120,000.00 120,000.00
Reserve Transfer Funds 20,300,970.00 20,3C0,970.00
General Fund 500,000.00 500,000.00
Total Income S 10,194,140.50 $ 1,028,14219 $ 30,623,75200 $ 29,950,011.00 $ 673,741.0D
Gross Profit $ 10,194,140.50 5 1,028,14219 $ 30,623,75200 $ 29,550,011.60 $ 673,741.00
Expenses
BPMT- AUTOMOBILE EXPENSES 17,876.13 6,51007 26,04200 23,04200
BPMT-EQUIP IA. ENT RENTAL 10,121.69 9,499.97 38,000.00 36.000.00
BRAT -LANDSCAPING &TREE MAINTENANCE 221,989.39 63,124.97 198,500.00 198,500.00
BPMT- LICENSES & PERMITS 11,255.89 3,000.40 12,000.00 12,000.00
@FAIT- OFFICE SGRAL. ADMIN. EXPENSES 115,089.77 34,934.97 142,040.00 142,040.00
BPAfl`-OTN ER BUS'NE SS EXPENSES 27,73218 18,250.03 73,000.00 73,000.00
BPMT- PAYROLL BENEFITS AND EXPENSES 130,628.02 70,681.03 282,724.00 282,724.00
BPHT-PAYROLL SALARIES & WAGES 772,059,32 323,524.17 1,550,000.00 1,305,098.00 244,90200
BPMT-PROFESSIONAL FEES 697,31189 293,175.00 1,172,700.00 1,172,700.00
BPMT- REPAIR S & MAINTENANCE 611.67978 41,552.91 162,01200 162,01200
BPMT- SPONSORED EVENTS & ENTERTAIN/VENT 1,392,686.80 300,000.00 1,782,500.0D 1,332500.00 400,073.,:9
BPMT - SUPPLIES & MATERIALS 51,979.21 15539.91 62.160. CO 42,160.00
BPMT-UTILITIES 513,692.43 211,624.97 846,500.CD 346,500.00 -
City 05 mia mi - 500,000.00 - 500,00200
FICA Taxes - - 114,750.00 114,750.00
Retirement Contributions 155,000.00 155,000.00
Contingency Reserve 2,138,3 39.t 0 2,138,019.00
Toul Expenses $ 4,574,04255 $ 1,396,463.40 $ 9,306,017.00 $ 5,703,276.00 $ 3,602,741.00
I=c= Operating Income 5 5,620,097.95 $ (358,326.21) 5 21,317,73500 5 24,246,735.00 $ (2,929,030.00)
Other Income
Interest Income & Dividends 619,415.90 261,250.03 1,045,000.00 1,045,000.00 -
Other Income
Total Other Income $ 619,415.90 $ 261,25(1.03 5 1,045,0:0.00 S 1,045,000.00 S
Other Expenses
7700 Deprech t.n Expense 391,345.23 167,933.63 671,735.03 671,735.00
Tout Other Expenses 5 391,845.23 $ 167,933.68 5 671,735.00 $ 671,73200 $ -
CapDatExpand itures 3,354,647.00 $ 21,691,000.00 5 22,530,000.00 (d39.0;0.00)
Net Omer Income 5 (3,127,076.33) $ 93,316.35 $ (21,317,735.00) $ (22,156,73500) $ 839,000.00
/Nthcome 5 2,493,021.62 $ (275043.15) 5 0.00 $ 2,090,000.03 S (2,090,000.00)
Bayfront Park Management Trust
nudge! Template FY 2025-26 Proposed 3sodpot
Exhibit 6
FY 2022.23 Actual' FY 202344 Actuog FY 2024.25 Amended' FY 202425 Pro&lotionf FY 2025.25 Proposed' I Dlffer.ncel Notes
Number el F,II•Tlme Positions
Am.n *positions funded In other budgets?
If so how much Is In thdl budget?
^ow much Is In tn. other budge?
16
No
No
No
15
No
No
No
21
No
No
No
15
No
No
No
17
N0
No
N0
000- u..s
Amcln mother Operations & Mgt
5951,802
5993,374
$1A02,941
$1,002,,941
•M11
Roar DaAA Income
5476,8B1
$712,979
$792,000
$792,00
$1007
$792600
$0
S0
Concessions
5802,257
5539,738
$3,199,600
$3,199,600
55,199600
50
Event Rmml Income
$2,718,125
51 093,326
$2,402,500
52,402,500
$2,402,500
50
Film & wdr., Location Rental
$41,391
53e 500
30,,000
$30,000
$30,0011
$0
Global :...,...meet 0eimbunement
$2,000,000
$2.000,000
$2,000,000
52,000,000
52,000000
SO
Grants
51,112,951
55407B6
$55,000
$50
$888,Fs
•553,7
Woollen us Itnos ov.n
$407,773
$537,Z63
15000
$15.000 000
$�ODe
SO
Marquee Rew.nue
$15,000
5125,57
$50,000
$30,000
$3000r
$0
Parking Operation Income
$1,903,903
S1,412,309
51222,000
$1,222,000
$1,222000
$0
Spacial Event Sponsorship
$105,200
5165,150
$0
$120,000
$120,O0n
•5120000
Reutrue Transfer Funds
$8,106,221
516,198,244
$20,300,970
518,437,229
$20,300,970
$p
General Fund
$0
$0
00
5420 on
.-.
•$500,0so00
Ratum $g00kto the CleyeFMlami
9kyvlaw surth.rge
$247,512
$645,419
$420,000
Sa2o,01100
$621,,752
50
Rsivenue Grind Total
$18,518,016
526,926.734
539,95D011
$28,: M, 011
590,825,752
•5473741
[.p.ndRu70
I'..eular Wary and Wages
5763,174
$1,010 799
51,905,098
51,305,090
$1,550,000
.5244902
Noll RelmOta and F .,.,.•a
.
$164,486
$206,486
$282,724
$282,724
$282,724
SO
City of Miami
$0
$0
$0
50
$500
4500,000
ileum $5006 to the Clty of Miami
FICA Tam
S0
$0
SO
$0
$1,185 r
S0
0o11rement Contributions
SD
$0
$0
50
$155
$0
Alfa and Health Insurance
$0
S0
$0
$0
,.0
$0
Workers' Comppnsntlon
$0
50
$0
SO
$
$0
Unemployment
SO
SO
$O
$0
0
5O
$p
Profeslonal Services
$506379
$090,736
$1,172700
$1,172 700
$1,172,700
$0
Sponsored Events& 9,' ".nm.nt
$1,270,174
$1362,217
$1,382,500
51,782,500
51,782,500
4400,000
Other Contr■atualservec.
S0
50
S0
$0
SO
$0
Other Contract, Servleee • Grams
$0
$0
$0
$0
$a
$0
Office & Grid, Admin. Expenses
$191,210
$183,080
5142,040
$142,040
5142,940
$0
Communications and Related Services
$0
$0
SO
SD
so
$0
Postage
$0
$0
$0
$0
5
50
Rema1, and &4.444
$0
$D
Sp
$0
506
$0
Repair and Maintenance Senlces
5374,186
$426,468
$162,012
5162,012
$162012
$0
Manden.nce• Andscaps
$71,541
$12.2,247
$198,500
$195,500
$190,500
$0
IICIIRies
$468,031
5623,317
$846,500
$846,500
$846,500
SO
Promotion Expense
S0
$0
SO
$0
40
So
!Moro rt Income & Olvldmds
$0
51,056,241
41,045,000
$104k 000
$1p45,000
42,101,249
Dopreclatlon 6vnenae
$469,551
$509,488
$671,735
$ 671,715
$6>3,)96
s$1622
Office Supplies
50
$0
50
50
$0
0
-.Oneratln. Sunnlles&Materlalr
Automobhe B,nemes
xt. ;..�
724,a71
587,836
$62160
$62.160
S6Z.2 "
$0
$32,736
$26,042
$26,042
26 043
$0
UnIlorm8/clothIng
$0
$D
$0
$0
50
$0
Lund4r.,v.• Imisn. llos
50
$0
50
50
60
$0
Pon its and Ucen.es
$399
$6,504
$12,000
$12,000
$12,000
$0
4ulmm
Een. Rental
$13,292
$22,791
$98,000
$99.0
$0
Contingency Retsina
$0
$0
SO
$0
SO
S2,188B,,089
$
her OtItuslness 5 P.m es
$158901
$236 671
$73,000
$73,000
$736co 40
$06
Capitol 6930n111000..
$11,650,000
526,077,873
522,530,000
522,530,000
518,530,000
•53,547,873
$0
SO
$0
$0
0opendllure Gnnd Tots!
Rayons,. Min.
Min. 0am
S16,158,074
44 a oa•
aa
532,635,495
.,
527960,011
$28,2d0,011
._
$30,623,757
-
•56,631,771
•
50
5,91x,03P
BAYFRONT PARK
MIAMI
BUDGET SUMMARY BY MONTH
Bayfront Park Management Trust Corporation
Budget Overview: Budget_FY26_P&L - FY26 P&L
O4tober 2021- Bopl.roblr 2026
Obd;nVorinnoo
MAW 00112064• Portent July 11021• Proposed Bodge Approved Bodied Propolad N PNq
JNM 70,71126 B1pI 30,2026 Meow0012026 00002021 0042020 Jan 2096 rob 2026 01e2020 Apr2026 00072020 Jun 2026 J422021 Aug 2026 O.p2020 2026/2020 102419026 YOOl .42 nu
.110.07.AMPNI104IN01607000170101 A 0O017, 177100,11 150,714.12 1311041 00,07042 40,67042 52,07012 60,07042 00,11002 17,070.62 0747041 13070,42 02,07442 13,0/042 03,67110 1,002,94120 1,002,141.04
060.7• 10117 00012012.0511 011,10742 27,767.00 00,14320 117,002.00 11241600 75001,00 4041001 71,027.00 101.111160 4564460 50,101,00 11,11000 10,624,00 0,11300 717,000J0 713000,00
BPMT-1'ONCE3NON0 1,I00011401 701,010,17 111,144A7 00111.17 01,N1,07 11,1N.17 µ401,07 11,N1.17 104N17 n,11/.n I0,IN07 04,1N.17 01,410,n 1,700,'0000 1,111,6N.00
S PAT•1VINT RINTALN0001 1,104,144.00 100,00000 1,ON,ON,N 2460400 2102,100A0 2d09,I00,05
0707• FILM 0 V1000 L000TION RENTAL 7,60000 2,400.00 0,00000 2,00000 300000 2,10000 1,60000 2,10010 2,600,10 3,100,00 2,50000 2,000,00 2,00000 10,00000 700011,00
411M1•0000AL4491:. we 00N0U69e.CNT 3,000,000,00 0000,000,00 •2200100.00 9,000,000,00
04017.01141171 10E,741,00 000100 • 650,00040 00.741,00 051,74100 030,000.00 07,741,00
RPM? •MA1wn..r ROVINUO 174,751,02 700000 2,500.00 2,60000 3,10010 4400.00 2,50000 7000.00 2,10600 2,600.00 9,00000 2,10000 2,100.0E 2,000.00 30,10000 30,000.00
OPMT .M1101444N000(R4V1NU01 010,004,07 3400,00 1110,00 1,060,01 1,24/10 106000 1,0/0.00 124000 1,00000 1,20010 1,26010 1.20000 1,210.00 106020 11,00040 /0,000,00
01107•PAMN04007'1447101614001117 1,150421.17 311000,00 107400.00 107,60020 107,0000E 10760040 107,E0011 40000,00 10760040 10720040 107,000.00 10700010 10701500 10760040 1,11200010 1,222,000.00
1Pr4T•21.HOW 1050144441 210164,00 100,000.00 2000000 30100.00 31,00000 70000,00 0400000 35,040,00 1/000.00 30000,00 00,000.00 04,000N0 31,00000 10,00000 450,00040 420,000,00
SPOT. 21151,,OK I....,, 0701600110017 140,000,00 10,000.00 10,000.00 10,60000 1000000 10,06010 10,000.00 10,00000 1000400 10000,00 10000,00 10,000,00 10400,00 10160000 12010010
Rn.. 0.Tnn.l.rP.Nb ,
•
*.Rd POND•
a...n.•n en 202N1N 70.00 121100,002
100,000.00
02 p. 1 10,104,140,00 {
Oro..Pro*1,N1,142.10 6 0007100,01 0 460,07701 $ 1.004,7N00 1 117000.01 6 312,9N01 3 4N1,024N 141310/10 1 30764201 1 370,111,0E 0 4111400/ / 1021N,00 6 347111.01 1 N120,70410 $ 20,10001140 I (1,410,1n.N1
Oro.. t 70,104,140,00 1 1,020,149,10 1 143703100 6 400,07700 1 1,004,110.00 0 717000.00 6 00/41401 1 2221,12314 / 413,10411/ 1 10710400 0 010,00000 6 41/,44000 l 000170A/ 1 247100,0/ I 046,10,702A0 4 79,062611.00 0 (7014706,001
O ng •AUTOM0MN04P0N000 17,070,13 4,61041 2,170.17 2,170.17 2.170,17 2170,17 2,170.17 1,120.11 2,170.17 2,17027 2,170,17 2,170.17 2,170.17 2,174,13 20,042.00 14042,00
SPRY 40001112426170701A4 10,131,1E 0,4119,17 0,10447 3,14407 3,110.117 2162,07 2,14147 3,10.61 7,111,17 0,914.07 3,12667 1,161A7 3,111111> 3,111000 00400.40 00,00010
61107.L91200047140A TROD 90600540601 221101.71 43,12417 10,041.15 10,21107 15,3111117 100410$ 16,21107 14211.11 10,04100 1420147 70.201,17 10,04104 10101,07 10011,07 704,100.00 101,00020
01037• LI004100 41741131110 1105100 3,000,00 1,000.00 1,000.0 1400.00 10110,00 1210,00 1000.00 1,000,00 1000.00 1000.00 1,00040 1,000.00 1000.00 1740010 12,000,00
070T•0011014012464012112. 4%P7N301 116001,17 00,10417 11,460,11 11,141/7 11,46147 1110147 11,1N17 1114117 11,11117 17,21567 11,111.17 11,64147 11,111.11 1114102 14221400 142,046,00
1e9e• OTMON IUIIN6401005N0IU 27,752,11 11,26065 0,01303 410113 4,10303 040102 0112,93 4,007.31 4,011.33 1063.21 1,077,0E 4,01303 10140E 1000.7 73,00400 73,00,00
07740•PAY1101.1.11202176A114:126eKNse. 130420,01 70101.0E 33620.21 2341065 23610.33 22540.11 23,64003 23,620.1 97,100,3E 23,640,33 23,5.0,13 20440.33 23150,33 23,100,77 201,724.00 1113,10.420
01101• PAYROLL 0AL490112WA06.9 772,05402 710,124.17 121,11417 120641.17 121,161117 n414/.17 114,10117 121,141.61 101,111,17 120,10167 121,101,67 129,14117 131,156,17 171,111.17 1160,0040E 1,706,010.00 244,901,50
SPAT •77012114441 7009 407,07111 900,170.0E 07,430.40 07,12010 47,7060E 07,72010 07,70404 17,736,00 57,121,00 07,7260E 27,711,00 01,120.00 07,71040 17,72660 1,172,70010 1,171,700,00
6PMT•RO1AM01MAIN717UN01 111,006,7E 41401.11 1410161 12461.01 1246161 11.61.01 1116111 12,461.01 14,05101 1246141 13,451.01 11,10111 1246141 1266011 14241240 112,012,00
00.1.772040309040(7671400001170204147 1,710,011,00 300,00000 . • 1003,00000 700,000.00 1,702,100.00 1012,100.00 400,00000
SPRY •OUPPLI634 0000616109.1 01271,21 1601.01 6,11011 0.12061 6,100,01 0,100,01 1,11061 0.100,01 0.10041 0.100,01 6,/0041 6,12041 1,110,01 0.171.11 4260010 07,110,00
01001 •UTILI7166 113,10241 211,62467 70,041,61 74441.47 70.44147 70641.7 70,141/27 702141.17 74541,17 70241,47 70,111,17 7064/47 70,647.17 70,547,11 144,60060 046,600,00
CIg01 MARL
IICAT.x.. 600.000.00 000,000.00
R.0N0unt O.NN01.1m. L114r/om t174,76E1D
40n11..101 Ru.rv.
16014000 165200.00
2,104001100 1,1111401400
71101104010.1 1 A0/404206 6 1200400.40 $ 350047.10 1 371,01111.20 0 1,460411,16 6 111021411,11 1 317,010,2E 4 377,110,20 $ 717,121.10 4 110,107,70 0 011,11000 1 10121,000.11 4 37761/60 1 317,11760 1 10A77,017,40 3 0,70217140 1 4,073,741,00
Ne0p.M11121I1M01M 1 61200)17,11 1 (360,224.11) 0 4,024,01400 1 00,07060 4 (401,700.11( 4131,06110 1 4610.00 4 2,010,11311 t 11,001.10 5 17,14001 4 1,107,21 1 (014002,101 1 (21401,111 $ 150001.171 1 11,10.,7310E 1 24,240,73440 1 17010,000,00(
o6Nr1n00oN
InI1..l00111. 0M6md4 010,700o 201,210,03 11001,13 17A9433 1701312 67An.33 n,N003 11012,12 07,06031 07,00300 J7,N113 07A10,00 07,043.00 01,012.07 1044N000 1,0N00000
O 111N limn.
74141014,N.0n. 01011010 0 211,4013 1 070N,03 6 47,00211 4 17,01300 I 07000.53 1 070001E I 07013.31 1 07,013.33 4 07200.03 6 01,000.33 4 0700000 1 07163,33 $ 0710117 1 144400000 6 1,046,000,00 4
04.. lop.N...
77000.71.140n 01,7.10.. 311,04600 107437.40 06177,12 64171.02 00477.02 10,077,12 14077,12 06077.02 0E,17102 44/11.12 60077,11 61,117,01 00477.12 661771E 471,70600 571,73540
7014010.r 044.... 6 311,046,13 1 117033.00 1 16077.02 6 00,177.02 1 66077,12 1 10,117,12 1 14177.172 1 /6177,01 1 16,177,91 1 14,077,69 1 60.07101 4 1617702 1 00277.02 6 0027720 I 074430,00 6 071,71100 3
CHOIR ,.,...nwr.. 0,104,147,00
II 11020.00000 4 22,0304000E (4100000,,07
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BAYFRONT PARK
MIAMI
NOTES TO PROPOSED BUDGET
Bavfront Park Management Trust - Operating Budget
Notes to Proposed Budget for 2025/2026
General Revenue
202 Amphitheater Operation & Management: Proposed $1,002,941. This revenue is based
on the management agreement with Live Nation.
101 Boat Dock Income: Proposed $792,000. Revenue based on North and South docks rental.
105 Concessions: Proposed $1,199,600. Use fee based on agreements with park
concessionaires (Food Trucks), Billboards and Antenna towers.
201 Event Rental Income: Proposed $2,402,5000. Event Rental income is based on revenue
generated by the Ultra Music Festival as well as returning events like OBE Worldwide and other
fitness events.
103 Film and Video Location Rental: Proposed $30,000. Revenue based on prior years'
experience.
311 Global Agreement Reimbursement: Proposed $2,000,000. Funds to be used for Capital
Improvement only. Based on the agreement with different Miami -Dade County and the Omni
CRA.
222 Special Events Grants: Proposed $588,741. Represents grants received for special
events from the City of Miami, Miami -Dade County and the Miami DDA.
106 Marquee Revenue: Proposed $30,000. Revenue based on prior years' experience.
104 Miscellaneous Revenue: Proposed $15,000. Revenue based on previous years'
experience.
107 Parking Operation Income: Proposed $1,222,000. Revenue projection based on parking
operation and the agreement with the City of Miami for street parking.
Skyview Surcharge: Proposed $420,000. Use fees based on surcharge agreement.
108 Special Event Sponsorship: Proposed $120,000. Represents income received by an
organization, often nonprofits, government agency, or event organizer in exchange for
promotional benefits.
Administrative Expenses
BPMTAUTOMOBILE EXPENSES
3326 Park Vehicle Maintenance and Repairs: Proposed $4,000. These funds will be used for
routine maintenance and repairs of the Park's pick-up trucks. This will include tires, tune-ups
and complete vehicle maintenance.
3330 Gator Maintenance & Repairs: Proposed $8,000. These funds will be used for
maintenance and repair of the Trust's five John Deere Gators.
3326.1 Park Vehicle Gas: Proposed $7,200. These funds will be used for gas expenses for all
our fleet.
3344.1 Park Vehicle Insurance: Proposed $6,152. These funds will be used to purchase
insurance for the Park's trucks; funds also be used to purchase vehicle registration fee $500.
3344.5 Vehicle Registration: Proposed $690. These funds will be used to purchase vehicle
registration fees.
BPMT-EQUIPMENT RENTAL
3328.1 Equipment Leasing & Rentals: Proposed $15,000. These funds will cover the cost of a
wide range of equipment rentals necessary for the ongoing maintenance of Bayfront and
Maurice Ferre Park.
3328.2 Equipment Repairs: Proposed $13,000. These funds will cover the cost of a wide
range of equipment repairs necessary for the ongoing maintenance of Bayfront and Maurice
Ferre Park.
3329 Miscellaneous Supplies: Proposed $10,000. These funds will allow designated staff
members to purchase miscellaneous supplies as the need arises.
BPMT-LANDSCAPING & TREE MAINTENANCE
3313.1.1 Tree Health Monitoring: Proposed $15,000 for Bayfront Park and Maurice Ferre
Park. These funds will be used to pay for professional services to monitor the health of our
trees.
3313.1.2 New Plants and Shrubs: Proposed $15,000. for Bayfront Park and Maurice Ferre
Park. These funds will be used to replace damaged or dying plants as needed.
3318 Fertilizer & Chemicals: Proposed $15,000. These funds will be used to fertilize the turf,
palms, shrubs and deciduous trees in Bayfront and Maurice Ferre Park.
3356 Facilities Cleaning Contractor: Proposed $68,500. Cleaning services are provided for
both parks.
4500 Landscaping Services: Proposed $85,000. Landscaping Maintenance for both parks.
BPMT-LICENSES AND PERMITS
5506 Permits: Proposed $12,000. For services provided to request permits for the office and
events.
BPMT-OFFICE AND GRAL. ADMIN. EXPENSES
1112 Computer Supplies and Software: Proposed $3,240. For the annual renewal of the
accounting software and other required add-ons.
1113 Courier: Proposed $500. These funds will be used to procure courier services.
1115 Equipment Rental/Maintenance: Proposed $3,000. These funds will be used for office
equipment rental, lease and maintenance contracts. Includes the postage machine and the
copier.
1116 Postage: Proposed $1,200. These funds will be used to purchase postage and the ren
1117 Printing: Proposed $2,500. These funds will be used to pay expenses related to printing.
1118 Office Supplies: Proposed $8,000. These funds will be used to purchase office supplies.
1119 Telephone and Cable Services: Proposed $11,800. These funds will be used to procure
telephones.
1125 Meeting Expenses: Proposed $16,800. These funds will be used for expenses
associated with the monthly Board Meetings and employee's appreciation meetings of the
Bayfront Park Management Trust.
1127 Business Expenses: Proposed $3,000. These funds will be used for general business
expenses.
1129 Property Insurance: Proposed $50,000. These funds will be used to purchase Property
Insurance for Trust property not adequately covered by the City of Miami Self Insurance Fund.
2222 Website Production and Design: Proposed $30,000. These funds will be used to pay for
website production and design services for the Bayfront Park Management Trust website.
3325 Uniforms: Proposed $12,000. These funds are used to purchase and maintain uniforms
for the park maintenance staff.
1111 Miscellaneous Expenses: Proposed $6,000. These funds will be used for miscellaneous
purchases of goods or services required during the year.
BPMT-PAYROLL BENEFITS AND EXPENSES
1106 Worker's Compensation Insurance: proposed $33,241. These funds will be used to
purchase workers' compensation insurance for Trust administrative employees.
1107 Health & Dental Insurance Contribution: Proposed $154,000. These funds will be used
to purchase health, dental and vision insurance for Trust employees.
1108 Life Insurance & Disability Contribution: Proposed $5,958. These funds will be used to
purchase life and disability insurance for Trust employees.
3308.1 Employees' Retirement Plan: Proposed $35,525. These funds will be used for the
Executive Director and employees' retirement plan.
3308.2 Employees Expense Allowance: Proposed $54,000. These funds will be used to give
each employee an allowance of $300.00 monthly to help with the rising cost of living.
BPMT-PAYROLL SALARIES AND WAGES
1100 Salaries and Wages Admin.: Proposed $568,260. This includes the salary of the
administrative employees who provide overall management for the Bayfront Park Management
Trust. Payroll costs of the administrative employees are proposed for $79,509.
2200 Salaries and Wages - Sp. Events: Proposed $123,492. This includes the salary of the
Event Manager as well as the consideration of a new Event Coordinator. Payroll costs of the
Event Dept. employees is proposed for $9,447.
2201 Salaries and Wages Maintenance: Proposed $609,623. This includes the potential hiring
of 3 new maintenance technicians and a new tree and garden expert. Payroll Cost is proposed
for $54,669, which includes the cost for the proposed overtime of $105,000.
BPMT-PROFESSIONAL FEES
1131 Bookkeeping Services: Proposed $55,800. These funds will be used for the Bayfront
Park Management Trust bookkeeping service.
1132 Audit: Proposed $27,500. These funds will be used to procure the annual audit of the
Trust's finances.
1138 Parking Attendant Service: Proposed $78,000. These funds will be use to pay extended
time for parking service.
3337 Alarm Monitoring Services: Proposed $2,400. These funds will be used for alarm
monitoring services in the administrative offices.
3352 Private Security: Proposed $725,000. These funds will be used to hire private security
from an existing City of Miami contractor to provide 24-hour security in Bayfront Park and
Maurice Ferre Park.
3800.1.1 40 Year Recertification: Proposed $150,000 to be allocated for the 40 Year
Recertification due for the building at Bayfront Park.
3800.1.2 Board meeting Transcript Services: Proposed $12,000 to pay for the transcript
services provided at the board meetings.
3800.1.3 Land Surveys and Appraisals: Proposed $40,000. Funds to be allocated for land
assessments and surveys as required.
3800.1.3 Land Surveys and Appraisals: Proposed $40,000. Funds to be allocated for land
assessments and surveys as required.
Merchant Processing Fees: Proposed $42,000. These funds are deducted from parking lot
income from the merchant company that services our card reading machines.
BPMT-REPAIRS & MAINTENANCE
3315 Fence and Site Improvements: Proposed 3,000. These funds will be used for expenses
associated with the maintenance of the fence around the property.
3317 Exterminator: proposed $3,500. These funds will be used for a contract exterminator, to
keep rodents and insects to a minimum in Trust facilities.
Sculptures Maintenance proposed $9,000. These funds will be used to maintain and upgrade
Bayfront and Maurice Ferre Parks' sculptures.
3324 Painting and Accessories: Proposed $20,000. These funds will be used to contract a
painting service provider and painting materials to paint the Bayfront Park Offices and around
both parks.
3331 Park Electrician Ongoing Maint.: Proposed $12,000. These funds will be allocated for
the need of electrical work around the office and Parks.
3332 Lift Station and Pump Services: Proposed $12,600. These funds will be allocated for
expenses related to the lift station and the pumps around both Parks.
3333 Electrical Maintenance Material: Proposed $18,000. These funds will be used for
receptacles and miscellaneous hardware related to the Bayfront Park electrical system. This will
cover most receptacles within park buildings, admin. Offices, service buildings and
amphitheater.
3349 General Plumbing Repair and Maintenance: Proposed $9,779. These funds will be
used for plumbing repair and maintenance throughout Bayfront Park, all restrooms, toilets,
sinks, and showers in the amphitheater, south end service building, light tower complex, and
administrative offices.
3350 Maintenance of Irrigation Pumps: Proposed $12,000. These funds will be used to
maintain the Park's irrigation pumps, located in the pump station adjacent to the Mildred &
Claude Pepper Fountain and the south -end service building.
3359 Repairs & Maintenance: Proposed $62,133. These funds will be used for unforeseen
expenses associated with both parks caused by rain, strong winds, etc.
BPMT-SPONSORED EVENTS & ENTERTAIMENT
Fourth of July: Proposed $400,000. These funds will be allocated for the 4th of July event.
New Year's Eve: Proposed $1,382,500. These funds will be allocated for the New Years event.
BPMT-SUPPLIES AND MATERIAL
3319 Signage: Proposed $6,000. These funds will be used for maintenance of existing signage
in Bayfront Park and Maurice Ferre Park.
3329 Miscellaneous Supplies: Proposed $12,000. These funds will be used to purchase
supplies and other materials needed around the office and parks.
3346 Cleaning Supplies: Proposed $9,000. These funds will be used to purchase cleaning
supplies and other materials needed to keep the park's administrative offices clean.
3346.1 Trash Bags: Proposed $9,000. These funds will be used to purchase trash bags for all
park needs.
3346.2 Hand Towels: Proposed $4,000. These funds will be used to purchase hand towels for
use in the park's restrooms.
3346.3 Toilet Tissue: Proposed $3,000. These funds will be used to purchase toilet tissue for
use in the park's restrooms.
3346.4 Hand Soap: Proposed $2,000. These funds will be used to purchase hand soap for use
in the park's restrooms.
3346.5 Bleach: Proposed $500. These funds will be used to purchase bleach for use in the
park's restrooms.
3346.5 Doggy Bags: Proposed $9,491. These funds will be used to purchase doggie bags for
use in park's common areas.
3351 Turf and Irrigation Supplies: Proposed $7,169. These funds will be used to maintain and
upgrade Bayfront and Museum Parks' turf and irrigation system.
BPMT-UTILITIES
3338 Miami -Dade County Water and Sewer: Proposed $650,000. These funds will be used for
all water and sewage services supplied by Miami -Dade County Water & Sewer Department.
3339 FP&L Utilities: Proposed $196,500. These funds will be used to purchase electrical
services from FP&L and include an increase to cover projected rate changes.
BPMT-OTHER BUSINESS EXPENSES
33340 Other Business Expenses: Proposed $73,000. These funds will be used for ordinary
and necessary costs of operating the business that does not fall under standard expenses.
BPMT- Return Fund to the City of M iami: $500,000. That the City allocates to BPMT.
OTHER INCOME
Interest Income and dividends: Proposed $1,045,000. Interest Income from bank deposits.
BAYFRONT PARK
MIAMI
BAYFRONT PARK MANAGEMENT TRUST
CAPITAL IMPROVEMENT BUDGET
FISCAL YEAR 2025/2.026
Capital Improvements Funds Report
Fiscal Year 2025/2026
Total Capital Improvements Funds: $21,691,000
1. Bayfront Park Projects
Description Amount Notes
Landscaping $150,000
General Improvements at Bayfront Park $1,500,000 Lighting, Monuments, Promenade
Office Building Improvements $9,500,000
Dock Repairs $3,200,000
Promenade $3,000,000
Total —Bayfront Park $17,350,000
2. Maurice Ferre Park Projects
Description Amount
Play Area Fencing $275,000
New Playground/Gym equipment $800,000
Lighting $750,000
Landscape Design $300,000
Seawall Repair $800,000
Power/`Vater Treatment Dockage $1,000,000
Storage Facility Maintenance $416,000
Total — Maurice Ferre Park $4,341,000
Total Capital Improvements Funds Allocated: $21,691,000