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Home My WebLink AboutCRA-R-26-0007 Exhibit AEXHIBIT "A" OMNI TAX INCREMENT FUND BUDGET FY 2026 ADOPTED BUDGET 2-12-2026 BUDGET AMENDMENT FY 2026 AMENDED BUDGET REVENUES TAX INCREMENT REVENUES CITY OF MIAMI - TAX INCREMENT $ 26,321,293 $ 26,321,293 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $ 16,870,354 $ 16,870,354 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $ 2,400,337 $ 2,400,337 MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $ 1,538,471 $ 1,538,471 TOTAL TIF REVENUES $ 47,130,455 $ - $ 47,130,455 OTHER REVENUES TRANSFER FROM MIDTOWN CRA (Administration) $ - $ - RENT INCOME $ 100,000 $ 100,000 2026's ESTIMATED CHILDREN TRUST CONTRIBUTION $ 1,808,970 $ 1,808,970 2025's FUND BALANCE (NON TIF REVENUE SOURCES -FUNDS DERIVE FROM RENT COLLECTIONS) $ 1,872,245 $ 1,872,245 2025's ESTIMATED FUND BALANCE $ 22,152,618 $ 22,152,618 TOTAL OTHER REVENUES $ 25,933,833 $ - $ 25,933,833 TOTAL REVENUE $ 73,064,289 $ - $ 73,064,289 REDEVELOPMENT EXPENDITURES ACCOUNTING AND AUDIT $ 25,000 $ 25,000 PROFESSIONAL SERVICES - OTHER $ 700,000 $ 700,000 OTHER CONTRACTUAL SERVICES $ 700,000 $ 700,000 INTERFUND TRANSFER (Debt Service) $ 2,815,441 $ 2,815,441 INTERFUND TRANSFER (Grant) $ 2,197,869 $ 2,197,869 LAND $ 250,768 $ 250,768 CONSTRUCTION IN PROGRESS $ 1,429,835 $ 1,429,835 OTHER GRANTS AND AIDS $ 32,715,468 $ (1,430,000) $ 31,285,468 TOTAL REDEVELOPMENT EXPENDITURES $ 40,834,381 $ (1,430,000) $ 39,404,381 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES $ 1,215,220 $ 1,215,220 FICA TAXES $ 92,964 $ 92,964 LIFE AND HEALTH INSURANCE $ 110,000 $ 110,000 RETIREMENT CONTRIBUTION $ 195,000 $ 195,000 FRINGE BENEFITS $ 4,800 $ 4,800 OTHER CONTRACTUAL SERVICE $ 140,000 $ 140,000 TRAVEL AND PER DIEM $ 50,000 $ 50,000 UTILITY SERVICE $ 20,300 $ 20,300 INSURANCE $ 430,000 $ 430,000 OTHER CURRENT CHARGE $ 259,379 $ 259,379 SUPPLIES $ 7,000 $ 7,000 OPERATING SUPPLIES $ 10,000 $ 10,000 SUBSCRIPTION MEMBERSHIP $ 10,000 $ 10,000 MACHINERY AND EQUIPMENT $ 60,000 $ 60,000 ADVERTISING $ 15,000 $ 15,000 RENTAL AND LEASES $ 3,600 $ 3,600 POSTAGE $ 2,000 $ 2,000 REPAIR/MAINTENANCE - OUTSIDE $ 2,000 $ 2,000 INTERFUNDTRANSFER $ 60,000 $ 60,000 TOTAL ADMINISTRATIVE EXPENDITURES $ 2,687,263 $ - $ 2,687,263 INTERGOVERNMENTAL OBLIGATIONS 2026's RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL) $ 3,992,662 $ 3,992,662 2026's RESERVE FOR 2007 GLOBAL AGREEMENT (35 % PAC) $ 16,495,659 $ 16,495,659 2026 PAC BOND DEBT SERVICE PAYMENT $ - $ 1,430,000 $ 1,430,000 2026's RESERVE FOR INTERLOCAL CHILDREN'S TRUST $ 1,808,970 $ 1,808,970 2026's RESERVE FOR CITY OF MIAMI $ 2,000,000 $ 2,000,000 2026's RESERVE FOR MAURICE FERRE PARK Iszm for each year) $ 2,000,000 $ 2,000,000 2026's ADMIN FEE FOR MIAMI DADE COUNTY $ 706,957 $ 706,957 TOTAL INTERGOVERNMENTAL OBLIGATIONS $ 27,004,248 $ 1,430,000 $ 28,434,248 TOTAL OTHER RESERVES RESERVE FOR MIDTOWN ADM EXPENDITURES $ - $ - RESERVE FOR SECURITY DEPOSIT- MEC $ 125,000 $ 125,000 RESERVE FOR SECURITY DEPOSIT - 1401 GROUP LLC $ 40,000 $ 40,000 RESERVE FOR CAPITAL EXPENDITURES $ - $ - RESERVE FOR EXPENDITURES NOT ALLOWED UNDER CHAPTER 163 $ 1,604,745 $ 1,604,745 RESERVE -BILLBOARD (RENT COLLECTED) $ 284,273 $ 284,273 RESERVE FOR PAYMENT OF PROPERTY TAXES - MEC $ 234,378 $ 234,378 RESERVE FOR UNSOLICITATED PROPOSALS $ 50,000 $ 50,000 2019-2025 BUDGET RESERVE $ - $ - 2026 BUDGET RESERVE $ 200,000 $ 200,000 TOTAL OTHER RESERVES $ 2,538,396 $ - $ 2,538,396 TOTAL EXPENDITURES $ 73,064,289 $ - $ 73,064,289