HomeMy WebLinkAboutExhibitFY 2018
FY 2018
Budget
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
Amended
Proposed
Variance
Budget
Budget
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$4,072,244
$4,072,446
-$202
AAVALOREM TAXES - MIAMI DADE COUNTY
$2,555,958
$2,555,958
$0
TOTAL REVENUES
$6,628,202
$6,628,404
-$702
Expenditures
INTERFUND TRANSFER (Administration - 1%
$66,282
$66,284
-$2
out of FY 2018 TIF revenue)
OTHER CURRENT CHARGES AND OSUG
$6,561,920
$6,562,120
-$200
TOTAL EXPENDITURES
$6,628,202
$6,628,404
-$202
REVENUE LESS EXPENDITURES
1NTERFUND TRANSFER
Available funds for administration in fiscal year 2018. (leo of total TIF collected)
OTHER CURRENT CHARGES AND OBLIGATIONS
Funds to be used for the payment of principal and interest on the bonds.
2018 TIF COMPUTATION
Multiply By 95%
City Operating Millage - Current Year
County Operating Millage - Current Year
Gross Advalorem (City)
Gross Advalorem (County)
City Operating Millage
County Operating Millage
Adjustment By Value Adjustment Board
Divided By 1000
Multiply By 95%
City Operating Millage (ESTIMATED)
County Operating Millage (ESTIMATED)
Adjustment (City)
Adjustment (County)
City
FY 2017-2018
608,607,380
(29,281,592)
579,325,788
579,326
550,359
7.4365
$4,092,748
(2,822,743)
(2,823)
(2,682)
7.5710
(20,504.44)
5 4,072,244
2
$ 66,282
$ 6,561,920
County
FY 2017-2018
608,607,380
(29281,592)
550,359
4.6669
(2,822,743)
(2,823)
(2,682)
4.6569
S2,568.473
(12,514.79)
5 2,555,958 $ 6,628,202