HomeMy WebLinkAboutExhibit ACITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO:: Honorable Mayor and Members DATE: November 7, 2025
of the City Commission
Exhibit A
DocuSigned by:
FROM: Arthur Noriega V �( r SUBJECT: Information for the FY 2024-25
City Manageraasol'�cl�c N�� a g
Year End Budget Amendment
November fib, 42'025 1 07:17:32 EST
Background and Summary for General Fund Amendment
As part of the year-end financial closing process, it is customary for the Administration to present to the
Commission a close-out budget amendment. In accordance with Florida Statutes 166.241(7), the City
may amend the budget of the previous fiscal year within 60 days (November 301 of the end of that
respective fiscal year. Recommendations for year-end budget amendments for departments are being
proposed to address certain line -item expenditures overages and year-end capital allocations.
In the General Fund, preliminary unaudited financial results for Fiscal Year 2024-25 (including estimated
expenditures to be posted in the thirteenth month) indicate that the City's fund balance will increase by
approximately $23 million compared to the previous fiscal year. City Administration recommends
allocating $8.002 million of this surplus to the year-end budget amendments (listed below), while the
remaining $16.498 million will be reserved to maintain compliance with the Financial Integrity Principles
(see Attachment A).
Summary of Changes in the General Fund Revenues
The City's FY 2024-25 General Fund Revenue Budget is being amended to increase the "Interest" revenue
category by $5 million. This will result in total amended General Fund Revenue Budget of $1.199 billion
(See Attachment A).
Summary of Changes in the General Fund Expenditures
The City's FY 2024-25 General Fund Expenditure Budget is being amended to increase by $5 million to
cover additional expenditures in multiple departments. The resulting total amended General Fund
expenditure budget will be $1.199 billion (See Attachment A).
Honorable Mayor and Members of the City Commission
Information for the FY 2024-25 Year -End Budget Amendment
Page 2 of 3
1. An increase of $12.458 million among City departments primarily to cover additional personnel
expenditures.
2. A decrease of -$15.460 million in the Non -Departmental Accounts (NDA), Budget Reserve Line item
and Insurance Liability Line Item to cover additional City department's needs.
3. An increase of $8.002 million in the Transfer -Out — to the General Special Revenue Fund to cover
the Class action counsel's attorneys' fees related to the Solid Waste Surcharge Litigation case ($1.5
million), — to Capital project for replacement of HVAC in City Parks ($1.502 million) and for land
acquisition ($5 million). - see Transfer out to Capital, items 10 and 11
Summary of Changes in the Special Revenue Fund (New Appropriations $27.529 million)
1. A transfer of $2 million from the Miami Ballpark Parking Facilities Fund to be used for the
refurbishing of the fire safety systems. The budget for this fund remains the same. - see Transfer
out to Capital, item 9
2. An increase of $1.610 million to the Public Benefits Trust Fund to cover a transfer to the Community
and Economic Development fund for housing activities as already approved by Resolution R-25-
0174.
3. An increase of $1.5 million to the General Special Revenue Fund to cover the Class action counsel's
attorneys' fees and cost of the Solid Waste Surcharge Litigation case as already approved by
Resolution R-23-0464.
4. An increase of $20,000 to the Parks and Recreation Services Fund, a State grant for the Pace Spoil
Island.
5. An increase of $10,000 to the Fire Rescue Services Fund received as a donation of funds.
6. An increase of $12.389 million to the UASI-Fire Rescue Fund for the 2024 UASI Grant as already
approved by Resolution R-25-0031.
7. An increase of $12 million to the Transportation and Transit Funds to cover a transfer to Capital for
mass transit projects. - see Transfer out to Capital, items 1 to 8
Transfer out to Capital — ($20.002 million) — New Appropriations considered as a Summary of Changes
in the Five -Year Capital Plan
1. $670,000 for the Miami River Greenway — Curtis Park East, Capital Project No. 40-B183603
2. $455,000 for the District 1 Traffic Calming Improvements, Capital Project No. 40-B253611
3. $1,276,000 for the Miami River Greenway — NW N River Dr from NW 22 Ave to NW 19 Ave, Capital
Project No. 40-B233601
4. $2,400,000 for the Brickell Bay Drive Seawall Flood Improvements, Capital Project No. 40-B193802
5. $1,182,000 for the District 3 Traffic Calming Studies and Improvements, Capital Project No. 40-
B243605
6. $1,217,000 for the Silver Bluff Traffic Flow Modifications, Capital Project No. 40-B243604
7. $2,400,000 for the East Flagami Flood Mitigation (Pump Station), Capital Project No. 40-B223801
8. $2,400,000 for the Shorecrest South Flood Improvements — NE 8 Ct to NE Bayshore Ct, NE Little
River Dr to NE 79 St (Pump Station), Capital Project No. 40-B233803
Honorable Mayor and Members of the City Commission
Information for the FY 2024-25 Year -End Budget Amendment
Page 3 of 3
9. $2,000,000 for Repairs at Marlins Garage, Capital Project No. 40-B203408
10. $1,502,000 for HVAC replacements in City Parks, Capital Project No. 40-BTBD
11. $5,000,000 for the acquisition of 3715 and 3825 Charles Terrace, Capital Project No. 40-BTBD
Attachment A
General Fund Revenue
Amended Budget
FY 2024-25
July 2025
Close Out Amendment
Amended Budget
FY 2024-25
Sep 30, 2025
Property Taxes
$589,253,000
$589,253,000
Franchise Fees and Other Taxes
156,298,000
156,298,000
Interest
17, 363, 000
5,000,000
22, 363, 000
Transfers -In
8,829,000
8,829,000
Fines and Forfeitures
7,379,000
7,379,000
Intergovernmental Revenues
107,933,000
107,933,000
Licenses and Permits
101,281,000
101,281,000
Other Revenues (Inflows)
64,384,000
64,384,000
Charges for Services
141,142,000
141,142,000
Total Revenues
$1,193,862,000
$1,198,862,000
General Fund Expenditures
Mayor
$3,560,000
$3,560,000
Commissioners
12,161,000
-
12,161,000
City Manager
3,689,000
896,000
4,585,000
Agenda Coordination
492,000
7,000
499,000
Independent Auditor General
-
-
-
Independent Inspector General
2,106,000
2,106,000
City Attorney
15,006,000
-
15,006,000
City Clerk
2,459,000
30,000
2,489,000
Civil Service
648,000
10,000
658,000
Code Compliance
13,048,000
-
13,048,000
Communications
2,204,000
-
2,204,000
Economic Innovation and Development
1,598,000
-
1,598,000
Equal Opportunity and Diversity Programs
711,000
-
711,000
Finance
13,971,000
-
13,971,000
Grants Administration
2,227,000
-
2,227,000
Human Resources
6,746,000
-
6,746,000
Innovation and Technology
16,971,000
-
16,971,000
Management and Budget
4,418,000
-
4,418,000
Procurement
3,974,000
-
3,974,000
Resilience and Sustainability
1,377,000
-
1,377,000
Human Services
8,118,000
-
8,118,000
Building
44,073,000
2,863,000
46,936,000
Planning
7,746,000
-
7,746,000
Zoning
6,555,000
75,000
6,630,000
Housing and Community Development
3,879,000
3,879,000
Capital Improvements
2,048,000
401,000
2,449,000
General Services Administration
37,823,000
37,823,000
Resilience and Public Works
41,500,000
41,500,000
Solid Waste
49,321,000
1,263,000
50,584,000
Fire -Rescue
243,529,000
4,275,000
247,804,000
Police
378,574,000
1,401,000
379,975,000
Real Estate and Asset Management
21,392,000
-
21,392,000
Parks and Recreation
63,384,000
1,237,000
64,621,000
Risk Management
5,286,000
-
5,286,000
Non -Departmental Accounts (NDA)
70,943,000
(15,460,000)
55,483,000
Transfers - Out
102,325,000
8,002,000
110,327,000
TOTAL GENERAL FUND
$1,193,862,000
$5,000,000
$1,198,862,000
Attachment B
Special Revenue Funds
Amended Budget
FY 2024-25September
30, 2025
Close-out
Amended Budget
FY 2024-25
Final
General Special Revenues
$ 4,598,000
$ 1,500,000
$ 6,098,000
Public Benefits Trust Fund
$ 35,000,000
$ 1,610,000
$ 36,610,000
Planning Services
$ 36,820,000
$ 36,820,000
Planning and Zoning Tree Trust Fund
$ 3,733,000
$ 3,733,000
Public Art Fund
$ 2,367,000
$ 2,367,000
Historic Preservation Trust Fund
$ 1,088,000
$ 1,088,000
Public Benefits Trust Fund - NDR2
$ 1,290,000
$ 1,290,000
Fire Rescue Services
$ 7,626,000
$ 10,000
$ 7,636,000
UASI-Fire Rescue
$ 14,726,000
$ 12,389,000
$ 27,115,000
Parks and Recreation Services
$ 23,756,000
$ 20,000
$ 23,776,000
Police Services
$ 19,834,000
$ 19,834,000
Law Enforcement Trust Fund
$ 1,667,000
$ 1,667,000
Public Works Services
$ 11,443,000
$ 11,443,000
Solid Waste Recycling Trust
$ 174,000
$ 174,000
City Clerk Services
$ 2,103,000
$ 2,103,000
Community and Economic Development
$ 120,597,000
$ 120,597,000
Homeless Program
$ 3,407,000
$ 3,407,000
Human Services
$ 1,067,000
$ 1,067,000
Bayfront/Riverfront Land Acquisition Rouse Trust
$ 2,214,000
$ 2,214,000
Miami Ballpark Parking Facilities
$ 19,258,000
$ 19,258,000
Departmental Improvement Initiatives
$ 81,821,000
$ 81,821,000
Transportation and Transit
$ 102,779,000
$ 12,000,000
$ 114,779,000
Emergency Funds
$ 100,000
$ 100,000
American Rescue Plan Act
$ 48,000,000
$ 48,000,000
TOTAL SPECIAL REVENUE FUNDS
$ 545,468,000
$ 27,529,000
$ 572,997,000
Abbreviations
ACFR - Annual Comprehensive Financial Report
FY - Fiscal Year
GF - General Fund
PR - Program Revenues
UASI - Urban Area Security Initiative