HomeMy WebLinkAboutMCRA-R-26-0001 Exhibit AEXHIBIT "A"
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2027
Proposed Budget
FY 2026
Adopted
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$9,123,598
$8,737,880
$385,718
ADVALOREM TAXES - MIAMI DADE COUNTY
$5,871,270
$5,600,452
$270,818
2025's CARRYOVER FUND BALANCE
$1,884,100
$1,437,957
$446,143
TOTAL REVENUES
$16,878,968
$15,776,289
$1,102,679
Expenditures
INTERFUND TRANSFER (Administration - 1% From TIF
149,949
$143,383
$6,565
OTHER CURRENT CHARGES AND OBLIG (Note 1)
$15,702,206
$14,606,093
$1,096,113
2026's BUDGET RESERVE
$1,026,813
$1,026,813
$0
TOTAL EXPENDITURES
16,878,968
$15,776,289
$1,102,678
REVENUE LESS EXPENDITURES
$0
$0
$0
Note 1
1) Contribution towards Midtown CDD's Debt Service
2) FY 2026's estimated transfer to the City Of Miami
3) FY 2026's estimated transfer to the County
Note 2
$4,765,813
$6,561,836
$4,374,557
$15,702,206
1) Funds to be used towards the payment of debt service due on 11/1/2026. $1,026,813
1