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HomeMy WebLinkAboutExhibit AEXHIBIT "A" Resolution R-16- 0384 Approving Trust's Original Annual Budget of $740,990 CIA ►, City of Miami fi • " " • Legislation " h Resolution: R-16-0384 File Number: 16-01181 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Aclion Date: 916/21116 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED, IN THE AMOUNT OF $740,990.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017. WHEREAS, the City of Miami ("City") created and established the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859, adopted October 12, 2006, and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area, and WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit a budget to the City Commission for approval, in a form acceptable to the City Manager; and WHEREAS, the governing body of the Trust was scheduled to review and approve the Trust's budget for Fiscal Year 2016-2017 on September 1, 2016; and WHEREAS, the Trust requests the approval of the budget for the Fiscal Year commencing October 1, 2016 and ending September 30, 2017, in the amount of $740,990.00; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA.- Section LORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Trust's Fiscal Year 2016-2017 budget, in the amount of $740,990.00, attached and incorporated, for the Fiscal Year commencing October 1, 2016 and ending September 30, 2017, is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. (1) 00. of ,Miami Page 1 aft File 1& 16-01181 (J ersion: 1) Printed Ott: 1/30V2017 File Number: 16-01181 Footnotes: Ennefinew .Vittirher- R-16-0384 {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Cifp of k/imni Pune 2 of File 1d: 1641181 (Ii�rsioir 1) Primed On: W012017 Liberty City Community Revitalization Trust Ctty of Miami Budget Template 'e;,(i Regular Salary and Wages (51.20D0) IY 2012 -IS Actual iY 2013-14 Actual - FY 2014-15 Actual ON FY2015-16 Bud et FY 201546 Pro ecfion 1-Y 2016-17 Pro osed 185,000 00 Difference Notes General Fund $ (90,783) Difference re: summer program $ 199,000 $ 199,000 S 199,000 $ 199000 Neighborhood improvement Grant/Rollover $ 139,905 $ 144,655 $ 2,453 $ 54,443 $ $1,990 21,473 $ 16,000 $ Off -Street Parking $ 11,500 $ 21,895 $ 13,832 $ 15,000 $ 15,000 $ 15,000 7$zNo Otherincorne $ 313 $ 630 $ 400 $ 2,222 Other Income/Rental $ 6,250 $ 4,900 $ 700 $ 8,400 $ 8,400Skyrise 1,914 $ 9,000 $ 2,500 $ Rollover $ (5.500) S 350,000 $ 350,000 - $ 350,000 15,200 $ neW revenue Summer Youth Employment Program Rollover 15,000 $ $ 150,000 $ 150,000 $ 35,000 $ (115,000.00) No new revenue MLK Mural 6,500 $ 1,000 Other Contractual Services (534000) $ $ 90,000 Is 90,000.00 Revenue Grand Total $ 157,969 272,080 $ 566,384 $ 776,843 $ 372,400 $ 740,990 1 $ (35,853.00) $0 'e;,(i Regular Salary and Wages (51.20D0) 279,054 $ 130,325 $ 163,463 S 275,783 $ 200,000 $ 185,000 00 $ (90,783) Difference re: summer program - Fringe Benefits FICA Taxes (521000) $ 9,028 $ 9,970 $ 12,844 $ 21,473 $ 16,000 $ 17,000 $ (4,473) Retirement Contributions Life and Health Insurance $ 2,222 Workers' Com ensation (525000) $ 1,565 $ 1,583 $ 1,914 $ 9,000 $ 2,500 $ 3,500 $ (5.500) Professional Services - Legal Professionat Services 531ODD) $ 11,750 $ 13,065 $ 15,200 $ 15,000 $ 15,000 $ 15,000 $ Accounting and Auditing 5320001 $ 5,500 $ 5,500 $ 6,500 $ 1,000 Other Contractual Services (534000) $ 7,690 $ 8,023 $ 7,261 $ 14,000 $ 10,000 $ 10,000 $ (4,000) Travel and Per Dlem(540000) $ 2800 $ 2,600 $ 3,000 $ 5;700 $ 7,550 $ 3,000 $ (2,70D) Communications and Related Services Posta a 541100) $ 187 $ 93 $ 12 $ 500 $ 250 $ 350 $ (150) Utility Remalsand Leases 1544000 $ 1,327 $ 1,222 $ 1,242 $ 13,800 $ 1,000 1,500 $ (12,300) Repalrand Maintenance Services $ 225 " Printing and Binding 547000 $ 80 $ 160 $ 398 $ 1,00D $ 1,000 Advertising and Related Costs (548100) $ 16D $ 454 $ 889 $ 1,250 $ 767 $ 11000 $ (250) Other Current Charges and Obli (549000) $ 10,000 $ 1,000 Office Supplies 4551000) $ 1,660 $ 2,303 $ 3,446 $ i6587 $ 8,000 $ 4,000 $ 12,587) ) Insurance -General Liability 545013) $ 3500 Omrating Su lies 552000 S 3,148 S 4,555 5 3,200 S 5,948 S 4.000 S 800 Motor Fuel Public Safety Supplies Subscriptions, Memberships, and Licenses 654000 $ 17S $ 200 $ 250 $ 300 $ 100 Interfund Transfer Capital Projects and Purchases $ 90,000.00 $ 90,000 All Other Expenditures S 350,000.00 $ 350,000 Budget Reserve 384,850 $ 45,340 $ (339,516) Expenditure Grand Total $ 1.57,969 $ 171580.44 $ 216,384 $ 776,843 $ 274,163 $ 740$90 $ (29353)1$0 Revenues Mlnus Expenditures -is 49956 350,000 1 $ S 98237.49 1 S 1 -$6,500 $0 Printed: 8/10/2016159 PM Page 1 of 1