Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Res No 205-14-14299
RESOLUTION NO.205-14-14299 Aresolutionapproving the SouthMiami Community Redevelopment Agency (SMCRA)adoptedbudgetfor Fiscal Year 2014-2015, authorizing the expenditureoffundspursuantto that budgetand authorizing transmittal of the adopted budget to Miami-Dade County forfinal approval. WHEREAS,asarequirementofthe SMCRA's inter-local cooperationagreement with Miami-Dade County,the Agency is required toadoptanannualrevenueand expenditure operating budget;and WHEREAS,on September 8,2014,theSouth Miami Community Redevelopment Agency held a publically noticed budget workshop to review the FY 2014-2015 proposed budget;and WHEREAS,on October 13,2014,the South Miami Community Redevelopment Agency Board helda publically noticedbudgethearingtoadoptthe FY 2014-2015 Budget;and WHEREAS,total projected FY 2014-2015 budget revenues includingtax increment financing revenues,projectedinterest earnings andrentrevenues,andprioryear fund balance are projected tobe $1,253,620;and WHEREAS,totalproposedexpenditures including redevelopment relatedland acquisition,propertymanagement,capitalimprovements,economicdevelopment,affordable housing,protectiveservices,administrationand legal servicesare$1,253,620;and WHEREAS,the City Commissionand SMCRA Board desire tocomplywith Florida Statute andinter-local cooperation agreement requirements concerning approvalofaannual redevelopment revenue and operating expenditure budget. NOW,THEREFORE,BEIT RESOLVED BYTHE MAYOR AND CITY COMMISSION OFTHECITYOF SOUTH MIAMI,FLORIDA: Section 1:The above recitals are true and correct and are incorporated herein by reference. Section 2:The budget of the South Miami Community Redevelopment Agency attached as Exhibit A forfiscal year beginning October 1,2014 and ending September 30, 2015,was considered at a public hearing and itis hereby approved and adopted. Section 3:The budget shallbe transmitted to Miami-Dade County pursuant to the, City/County Inter-local Cooperation Agreement for the SMCRA. Res.No.205-14-14299 Section4:Thefundsappropriated in thebudgetmaybeexpendedinaccordancewith the provisions ofthe budget,the Community Redevelopment Plan,andas authorized by the law. Section 5;If anysection clause,sentence,orphraseofthis resolution isforany reasonheld invalid or unconstitutional byacourtof competent jurisdiction,the holding shallnotaffect the validityof the remainingportionsofthis resolution. Section 6:This resolution shall become effective immediately upon adoption by vote of the City Commission. PASSED AND ADOPTED this 21_stday of October 2014. ^J^^^e^Jipy, city clerk read and amoved as langua^Tlegality/, E&ewmn THEREO/ ORM, Page2 of2 APPROVED COMMISSION VOTE:5-0 Mayor Stoddard:Yea Vice Mayor Harris:Yea Commissioner Liebman:Yea Commissioner Welsh:Yea Commissioner Edmond:Yea South11 Miami 1ltf HIV OF I'l l-ASAN'T lIVINi;CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM To: Via: From: Date: Subject: Background: TheHonorableMayor Stoddard and Members of the City Commission Steve Alexander,City Manager Stephen David,SMCRADirector /A /Ls 1October21,2014 ITEM No.w Recommendation: A resolution approving the SouthMiami Community Redevelopment Agency (SMCRA)adopted budget for Fiscal Year 2014-2015,authorizing the expenditure offundspursuanttothatbudgetandauthorizing transmittal of the adopted budget to Miami-DadeCountyforfinalapproval. TheSouth Miami Community RedevelopmentAgency (SMCRA)is required by inter-local agreementtoadoptan annual revenueandexpenditure budget.On September8,2014,the South Miami Community Redevelopment Agency held a publically noticedbudgetworkshoptoreviewandproviderecommendations concerningthe proposed budget.A publically noticedbudget hearing was subsequently conducted on October 13,2014. During the October 13th budget hearing,the SMCRA Board authorized specific line item amendments and achieved unanimous consensus toadoptthe FY 2014-2015 SMCRA Budget.Requested line item amendments have been incorporated into the budget package attached as Exhibit A. Total projected FY 2014-2015 revenues including tax increment financing contributions,interest and rent earnings,and prior year cash carry-over are projected tobe $1,253,620.Total proposed expenditures including redevelopment related land acquisition,property management,capital improvements,economic development,affordable housing,protective services,administrationand legal servicesare$1,253,620. Approval ofthe attached resolution shall authorize expenditure of funding contained in the FY 2014-2015 Budget and transmittal ofthe adopted budget to Miam i-DadeCountyfor final approval. Staff recommends approval ofthe attached resolution authorizing expenditure ofthe funds contained in the FY 2014-2015 Budget attached as Exhibit A and transmittal ofthe adopted budget to Miami-Dade County for final approval. Draft Resolution FY 2014-2015 SMCRA AdoptedBudget Package Attachments: EXHIBIT A SMCRA Board Adopted FY 2014-2015 Budget "Making ourNeighborhood a Great Placeto Live,Work and Play" craw <dif scDunrm eml&ruii (D®MIMIUJWnW DBIEI]DIE\7ffiIL(DIPEflrEmT AXCBIEFJd^f IFYf S(DMog(Bn IPIB(DIP(DSrEID DBUJUXEfflTr October 13,2014 MIAMI COUNTY SMCRA FY 2014-2015 BUDGET Table of Contents: BudgetMessage 1 SouthMiami Redevelopment AreaValue 2 PriorYear Revenues &Expenditures 3 PriorYear Redevelopment Accomplishments 4-9 FY 2014-2015 Projected Revenues 10 FY 2014-2015 Proposed Expenditures 11 FY 2014-2015 Proposed Revenue&ExpenditureBudget 12-21 Appendixes: FY 2013-2014 End ofYearFundBalanceCalculations AppendixA FY 2013-2014YeartoDateRevenue&Expenditure Report Appendix B FY 2014-2015 Projected TIF RevenueCalculations AppendixC SMCRA Administrative Organizational Chart Appendix D SMCRA Board Adopted BudgetResolution AppendixE Miami-DadeCounty SMCRA BudgetFormat AppendixF SMCRA FY 2014-2015 BUDGET MESSAGE Honorable City Commission &SMCRA Board Members: Asaresultof the continued commitment oftheSouth Miami CommunityRedevelopment Agency Board and Miami-Dade County Commissioners,thetaxablevalueof the South Miami Community Redevelopment areacontinuestoincreaseovertime.This year's preliminary 2013tax roll estimate for the South Miami community redevelopment areais $321,830,163.Thisincrease representsatotalvalue of 472%sincetheinceptionoftheSouth Miami Community Redevelopment Agency in 1999. Given the relatively short remaining lifespanof the SMCRA,it remains critical that resources be utilized totheirbestandhighestuse.Also asa result of significant carry-over revenue reductions, this goal isevenmore critical.From a fiscal yearrevenue high of$3,024,000in2007,thecurrent revenue projection for the Agency is $1,253,620.This amount includes tax increment contributions totaling $1,018,573,interest earnings,rentand cash carry-over revenuesinthe amount of $235,047.As a result of reduced revenues,significant expenditure reductions have been incorporated this year bythe SMCRA Board.Significant reductions were applied to redevelopment support positions including police,code,special events and grant writing. Prior yearredevelopment accomplishments associated withestimatedexpendituresof $1,445,509 include substantial completion of an approved silver L.E.E.D.certified affordable housing development project consisting of six (6)state ofthe art new single-family homes; completion of critical infrastructure repairs along the District's major north-south arterial roadway,SW 59th Place;completion of major park improvements including building construction ofa meeting and restroom facility at Marshall Williamson Park;and completion ofthe long- awaited Murray Park community pool asa result ofkey Agency funding contributions;as well as continued redevelopment planning efforts required to develop the cornerstone Agency redevelopment project,MadisonSquare. The FY 2014-2015 proposed budget continues to include many of these vital community improvement initiatives with increased funding for "bighted"property acquisition to construct additional,sustainable affordable housing.The SMCRA FY 2014-2015 budget including a detailed listing of prior year redevelopment accomplishments is attached for consideration.Your continued support is needed to continue to improve the City's community redevelopment area and to facilitate continued increases in taxable value. Respectfully Submitted,\ A.J) ^Steplh^enrJavK^ivTCRA Director ASSESSED VALUE OF SMCRA DISTRICT Since the inception ofthe SMCRA,the South Miami Community Redevelopment Area has steadily increased intaxablevalueovertime.Listed belowarethe annual incremental increases invalueoftheareaovertime. Annual redevelopmentbudgetrevenuesare derived directly from these increase intaxable value calculated since the base year of the Agency. Tax Assessment Year 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 (Base Year) Assessed Value (SMCRA District) $321,830,163 (PreliminaryTax Roll) $290,826,169 $289,084,676 $298,423,352 $295,297,036 $356,792,286 $348,731,940 $326,919,396 $267,010,957 $192,038,090 $177,715,214 $165,758,926 $188,553,289 $185,760,974 $199,511,654 $69,238,058 $400,000,000 $350,000,000 $300,000,000 $250,000,000 - $200,000,000 SMCRA District Assesed Value Increases Since Base Year lilliiii IIP K BB» raffle Sfef\*i/tfl IIP mm:--1 BB&*1 lifli Hi:•&HHF JI1 "^ Hsil ~*Uli^11111 UgH^ §i£M@n^ $150,000,000 •K HHH*HH l III lili iKi lii HB^Bill lltlj ^i 3r HHi6*' $100,000,000 -I si'I.8I Si IIH **n~^^9^11 ll $50,000,000 $0 - FljjJI FYFYFYFYFYFYFYFYFYFYFYFYFYFYFYFY 1998-1999-2000-2001-2002-2003-2004-2005-2006-2007-2008-2009-2010-2011-2012-2013- 1999 2000 2001 2002 2003 20042005 2006 2007 2008 20092010 2011 2012 20132014 (Base Year) PRIOR YEAR REVENUES &EXPENDITURES The SMCRA received 2013-2014 tax increment contributions in the total amount of $1,025,084.In addition, the Agency received rent and interest revenues estimated to be $34,300.Additional revenues received include $100,000 received asa result ofthe Red Road Commons project development agreement anda prior-year fund balance of $491,172.FY 2013-2014 revenues received weretherefore $1,650,556.Based oncurrentyear expenditure estimate of$1,445,509,theendofyearfundbalanceis estimated tobe$205,047. Below isadepictionof2013-2014estimatedexpendituresbyredevelopmentcategory.Also indicatedare 2012-2013 actual expenditures illustrating a decrease in expenditures asa result of decreased revenues. Redevelopment Category Administration Legal and Other Uses Capital Improvements Economic Development/Commercial Improvement Residential Home Improvements Land Acquisition and Property Management Special Redevelopment &Technical Services Protective Services and Code Compliance Operating Expenditures General Fund Transfers Total Annual Expenditures - 2012-2013 2013-2014 $201,245 $198,253 $71,646 $68,400 $321,532 $82,007 $18,599 $4,797 $129,553 $97,000 $411,776 $438,234 $228,984 $188,141 $336,659 $323,024 $11,099 $12,480 $33,173 $33,173 $1,767,625 $1,445,509 SMCRA Redevelopment Categories $4,797 $323,024 $82,007 $438,234 B Administration •Capital Improvements H Residential Home Improvements m Special Redevelopment &Technical Services •Operating Expenditures $198,253 $33,173 $188,141 $97,000 $68,400 B Legal and Other Uses •EconomicDevelopment&Commercial Improvements HLand Acquisition andPropertyManagement •Protective Services andCodeCompliance ®General Fund Transfers PRIOR YEAR REDEVELOPMENT ACCOMPLISHMENTS LE.E.D.Certified Affordable Home Construction The fifth Board approved "Silver"LE.E.D.certified affordable home was completed during the FY 2013-2014.Construction ofthesixthhomeisexpectedtocommenceduringthefirsthalfof2014- 2015.Completed homes arenot only affordable in termsof monthly mortgage payments butasa result of high energy efficiency,are affordable to homeowners in termsof monthly utility costs. LE.E.D.Certified Home 1 Completion LE.E.D.Certified Home 2 Completion LEED Certified Home 3 Completion LEED Certified Home 4 Completion .^m- "'•>'Ai / ^^-"nil 'l-^VLA I ;/\.% V£^i 'i^^9a^^shM'^Z LEED Certified Home 5 Completion Final LE.E.D.Certified Home Rendering Church Street Infrastructure Intersection Improvements Aa result of use over time,previoulsy implemented street infrastructure enhancements have become worn and require periodic maintainance and repairs.During the current fiscal year,major roadway drainage and intersection repairs were approved and completed along the district's major north-south aerterial roadway,SW 59th Place (Church Street). *££&*•*?£ Completed SW 59th Place Infrastructure Repairs Completed SW 59th Place Infrastructure Repairs Unsafe Residential Structure Removal The adoptedredevelopment plan calls forthe continued improvement of health,asfetyand welfare related conditions.Following Boardapprovalasignificantusaferesidential structure at 6442 SW 59th Place was demolished by the Agency.The currently improved site is awiting new affordable housing developmentaspartofthe Madison Square redevelopment project. Unsafe Structure Demolition 6442 SW 59th PL Completed Building Demolition Site Residential Rehabilitation Program Improvements During the previous fiscal year,the Agency authorizedandcompletednumerousresidential rehabilitation projects including replacement of severely damaged single-family home roofs, much neededtermitetentingforolder homes andother health,safetyand welfare repairs.These completed projectsavitaltopreservingtheexistinghousingstockin the SMCRA area. SMCRA Sponsored Replacement of Severely Damaged Roof SMCRA Sponsored Home Termite Tenting SMCRA Sponsored Severely Damaged Garage Repair Marshall Williamson Park Improvements During thecurrentyear,the Board approved construction ofameetinga restroom building was completed at Marshall Williamson Park.In conjunction withprior SMCRA funded projects at this location including the Marshall Williamson Park pavilion,tenniscourtand lighting enhancements andrecent City improvements including playground installation,the areaisprimedforenhanced recreational programming through the City'sParks&Recreation Department. Board Approved Meeting &Restroom Building Construction SIVICRA Prior Year Completed Pavilion Construction &M&.»t \MtiL:\^*&9Jj$^r i^iilii SMCRA Prior Year Completed Tennis Court Restoration Murray Park Community Pool Construction The SMCRA has been a long supporter of the Murray Park Community Pool Project and as such has contributed funding towards the both the pool design and first-year maintenance and operational costs.This long awaited project was recently completed and asa result assists in accomplishing SMCRA plan objectives including quality of life improvement through significant park amenity enhancement. -IflHllnlBf IIS?^?9g§|y^pTJ*^j~T^f5*.^v ^%<5>if •^;:^S^ri ^-TIr™7*r~r^ ^H /TLa1 1 «sb)i1 r'|^MttL^i i M"ji*i*irfi 1 • •"WJgMHg Hali1««|Q"7 fcyifyi r 11 ^ HsisssMai^I""*"""^^JIL—- W^^zs^1 rcgjjjfc^jji-j^iff1 n^f73Bi 8£5 Murray Park Community Pool Completion Community Pool Grand Opening Community PoolGrand Opening 8 Madison Square Project Development Planning Although currently contingent upon State of Florida tax credit assistance,the Board has remained active in the required project planning process.During the current year,the Board explored the possibilityof enhancing overall development attractiveness of the project through possible inclusionof additional affordable housing units.The benefits ofsingle-family versus multi-unit development types were explored.TheAgencyis currently awaiting aPlanning&Zoning Department evaluation of SMCRA Board directed land development options. SMCRA Board Approved Madison Square Development Rendering -• ^:v:%^- :.'*'*-;. J&fBBS^S^nf *li T&s£sgy3<aglg <gjs&g^K91f 9fljijjfBj»BH BSSr Kf |L ^HB8J|J||j||P|p •^^Og£S|^g-2| Htefer-~-~---I^«Sp|HBlHp VCftfc-.-. !-• VU'Iv«Srjuvr Vm>*t S'ft, SMCRA Board Reviewed Townhome Development Analysis (ProjectSite3) KNIIU1TD-2 FRONT ELKVATION jM.fcK i-j i.s;«sf ,«L£::•-.. Low-Density Single-Family HomeOption(ProjectSite3) FY 2014-2015 PROJECTED REVENUES Projected 2014-2015 Revenue Source Revenue Amount FY 2014-2015 Tax Increment Finance Revenues (Miami-Dade County) FY 2014-2015 TaxIncrementFinance Revenues (City ofSouth Miami) FY 2014-2015 Total Tax Increment Finance Revenues FY 2014-2015 Rent Revenues (Business Incubator Facility,Rental Properties) FY 2014-2015 Interest Earnings End of Year Fund Balance* FundBalance Reserved forGrantProject (Madison Square Pre-Construction) FY 2014-2015 Total Projected Revenues *Total Fund Balance Includes Funds Reserved for Madison Square Pre-Construction Activities FY 2014-2015 Projected Revenues Interest Earnings,$5,000 $526,152 $492,421 $1,018,573 $25,000 $5,000 $124,569 $80,478 $1,253,620 Rent Revenues (Business IncubatorFacility,Rental Properties),$25,000 Tax Increment Finance Revenues (Miami-Dade County),$526,152 Tax Increment Finance Revenues (Cityof South Miami),$492,421 uTax Increment Finance Revenues (Miami-DadeCounty) •Tax Increment Finance Revenues (Cityof South Miami) •Rent Revenues (Business Incubator Facility,Rental Properties) nInterest Earnings 10 FY 2014-2015 PROPOSED EXPENDITURES BY CATEGORY In accordance with existing goals and objectives contained in the SMCRA adopted redevelopment plan,the following redevelopment expenditure categories havebeen developed.AnnualBoard approved funding allocations are done soin accordance with the redevelopment planandare based on current priorityneeds within the SMCRA area.Actuallineitem expenditures forare contained in the attached budget anddetailed expenditure narrative report. REDEVELOPMENT CATEGORY Administration Legal and Other Uses Capital Improvements Economic Development &Commercial Improvements Residential Home Improvements Land Acquisition and Property Management Special Redevelopment &Technical Services Protective Services and Code Compliance Operating Expenditures General Fund Transfers FY 2014-2015 Total Proposed Expenditures Proposed FY 2014-2015 $202,536 (2) $18,354 (8) $33,000 (7) $10,250 (10) $45,000 (6) $559,133(1) $58,500 (5) $202,432(3) $14,950 (9) $109,465(4) $1,253,620 ProposedFY 2014-2015 Expendituresby Redevelopment Category $10,250 $202,536 $45,000 $559,133 m Protective ServicesandCode Compliance •General Fund Transfers •Special Redevelopment &Technical Services M Residential Home Improvements •Economic Development &Commercial Improvements $202,432 $18,354 $109,46 $33,000 $58,500 B Legaland Other Uses •Capital Improvements m LandAcquisitionandPropertyManagement P Administration m Operating Expenditures 11 FY 2014-2015 Adopted Budget FY 2014-2015 Projected Revenues ACCOUNT CLASSIFICATION CITY OF SOUTH MIAMITAX INCREMENT CONTRIBUTION MIAMI-DADE COUNTY TAX INCREMENT CONTRIBUTION TOTAL TAX INCREMENT FINANCE REVENUES SMCRA ANNUAL RENT REVENUES SMCRA INTEREST EARNINGS *FUND BALANCE (AuditedFund Balance as of9-30-2013 -$491,172) ♦FUND BALANCE RESERVEDFOR MADISON SQUAREPRE-CONSTRUCTION **RED ROADCOMMONSAFFORDABLE HOUSING FUNDING CONTRIBUTION ACTUALACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015 572,023 545,666 489,337 489,337 492,421 509,744 519,241 535,747 535,747526,152 1,081,767 1,064,907 1,025,084 1,025,084 1,018,573 33,835 63,681 25,000 30,000 25,000 14,242 7,948 13,000 4,300 5,000 1,405,494 1,018,786 $292,527 $391,172 $124,569 100,000 100,000100,000 100,000 $80,478 0 0 $100,000 $100,000 $0 12 FY 2014-2015 Proposed Expenditures ACTUAL ACCTNO ACCOUNT CLASSIFICATION 2011-2012 ADMINISTRATIVE FULL-TIME AGENCY EMPLOYEE SALARIES 1.513-12-10 PROPERTY MANAGEMENT COORDINATOR ($39,333 Total -40%Indicated for Administrative D 15,272 ADMINISTRATIVE SECRETARY 40,091 COMMUNITY OUTREACH COORDINATOR ($49,460 Total -45%Indicated for Administrative Dutte 24,728 AGENCY DIRECTOR 86,415 EMPLOYEE HEALTH CARE &BENEFITS 2.513-21-10 FICA 3.513-22-10 PENSION 4.513-22-20 DEFERRED COMPENSATION 5.513-23-10 INSURANCE** 6.513-24-10 WORKERS COMP** ACTUAL BUDGET ESTIMATE PROPOSED 2012-2013 2013-2014 2013-2014 2014-2015 15,272 15,272 15,272 15,733 32,091 29,540 29,540 32,990 24,728 24,728 24,728 22,257 86,415 86,415 86,415 86,415 PROFESSIONAL LEGAL SERVICES &OTHER USES 7.554-31 -20 PROFESSIONAL LEGAL SERVICES (Funding Re-Allocated to General Fund Transfers) 8.554-99-20 OTHER USES/GENERAL CONTINGENCY 9.554-99-25 BOARD MEMBER DISCRETIONARY FUNDS 10.554-99-15 MIAMI-DADE COUNTY 1.5%ADMINISTRATIVE FEE 12,778 13,436 0 18,094 449 12,236 13,000 0 17,083 420 12,076 3,561 8,118 18,094 449 12,076 3,561 8,118 18,094 449 12,042 2,960 9,460 20,206 473 50,000 $49,857 50,000 50,000 0 7,500 $7,000 4,141 3,364 3,462 7,000 $7,000 7,000 7,000 7,000 7,789 7,789 8,036 8,036 7,892 TOTALLEGALSERVICES&OTHERUSESJSES ."s S*b ^t:ft>$"***,<!*&^72,289^;$71,6,46 -,^69,177 X^gfaQQ^Z-I8,354v 13 ACCT NO ACCOUNT CLASSIFICATION INFRASTRUCTURE &STREETSCAPE IMPROVEMENTS 11.541-31-20 PROFESSIONAL SERVICES -Infrastructure Improvements 12.541 -34-50 CONTRACTUAL SERVICES-InfrastructureImprovements (Capital Projects Contribution) 13.541-46-70 INFRASTRUCTURE -STREETSCAPE IMPROVEMENTS (Sewer Connections) 14.541-47-10 PRINTINGANDBINDING 15.541-63-40 CAPITAL PROJECTS FUNDINGCONTRIBUTIONS 16.541-64-50 OTHERINFRASTRUCTUREIMPROVEMENTS 17.541-47-10 PRINTING ANDBINDING PARK IMPROVEMENTS ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015 40,000 5,951 10,000 7,950 1,500 60,000 125,161 25,000 24,995 15,000 10,000 10,906 3,000 0 8,000 1,000 0 0 0 0 0 0 0 0 0 15,000 0 0 0 0 1,000 511 0 0 0 18.572-31 -20 PARK IMPROVEMENTS -PROFESSIONAL SERVICES 100,000 19.572-34-50 PARK IMPROVEMENTS -CONTRACTUAL SERVICES (Murray Park Field Grant Contribution)25,000 20.572-64-50 PARK IMPROVEMENTS 15,000 100,000 0 0 1,000 78,503 50,000 48,862 7,500 500 3,000 200 0 :^^?^^£V^ 14 ACCT NO ACCOUNT CLASSIFICATION EMPLOYMENT,JOB TRAINING&ENVIRONMENTALCLEAN-UP INITIATIVES 21.551-31-20 PROFESSIONAL SERVICES(Employment Training Initiatives) 22.551 -13-10 CONTRACTUAL SERVICES(Miami JobCorp Rehabilitation Partnership Program) 23.551-21-10 FICA 24.551-24-10 WORKERS COMP 25.551-47-10 PRINTINGANDBINDING 26.551-99-32 ECONOMIC DEVELOPMENT TRAINING PROGRAMS 27.551-99-33 SMALLBUSINESSASSISTANCEGRANTS COMMERCIAL BUSINESS IMPROVEMENTS 28.552-31-20 COMMERCIAL FAQADE GRANT REHABILATATION PROGRAM 29.552-34-50 CONTRACTUAL SERVICES (Rehabilitation Contingency Expenses) 30.552-47-10 PRINTING &BINDING 15 ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-20132013-20142013-2014 2014-2015 15,000 0 1,250 0 1,250 54,305 1,020 1,250 847 2,500 4,152 78 0 0 0 5,148 0 0 0 0 500 463 0 0 0 2,500 0 0 0 1,500 10,000 5,000 3,000 2,000 2,500 16,000 12,000 8,000 1,950 2,500 2,500 33 0 0 0 250 5 0 0 0 ACCT NO ACCOUNT CLASSIFICATION AFFORDABLE HOME REHABILITATION 31.564-31-20 PROFESSIONAL SERVICES 32.564-34-50 CONTRACTUAL SERVICES 33.564-47-10 PRINTING AND BINDING AFFORDABLE HOUSING HOME OWNERSHIP ASSISTANCE 34.564-99-35 AFFORDABLEHOUSING PURCHASE ASSISTANCE PROGRAM HOUSING REHABILITATION GRANT ASSISTANCE 35.564-99-21 MULTI-FAMILY REHABILATATION PROGRAM (Combined with Line item 36) 36.564-99-30 RESIDENTIAL REHABILATATION PROGRAM 16 10,000 10,000 0 $3,040 0 0 BUDGET ESTIMATE PROPOSED 2013-2014 2013-2014 2014-2015 150,000 $85,000 75,000 75,000 25,000 20,000 25,000 $5,988 $35,525 0 22,000 0 22,000 0 20,000 ACCT NO ACCOUNT CLASSIFICATION LAND ACQUISITION 37.583-31-20 PROFESSIONAL SERVICES -Madison Square Pre-Construction Expenditures 38.583-61-10 BLIGHTED PROPERTY ACQUISITION PROPERTY MANAGEMENT EXPENDITURES 39.583-31-25AGENCYOWNEDPROPERTY EXPENDITURES (Property Taxes.Insurance,etc) 40.583-34-55 AGENCYOWNEDPROPERTY MAINTENANCE &REPAIRS PROPERTY MANAGEMENT SERVICES 41.554-12-10 SMCRA PROPERTY MANAGEMENT COORDINATOR (60%ofTotal Salary Contribution) 42.554-21-10 FICA 43.554-22-20 DEFERRED COMPENSATION 44.554-23-10 INSURANCE 45.554-24-10 WORKERS COMPENSATION DEBT SERVICE FOR SMCRA ACQUIRED PROPERTIES 46.583-71-10 ANNUAL REGIONS BANK PRINCIPAL PAYMENT 47.583-72-10 ANNUAL REGIONS BANK INTEREST PAYMENT 17 ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015 15,000 35,000 44,000 38,266 2,589 3,360 43,092 38,260 100,000 30,000 40,000 25,000 19,522 25,671 40,000 25,000 80,478 92,500 36,000 21,000 22,909 22,909 22,909 22,909 23,600 1,753 1,753 1,753 1,753 1,806 1,604 1,604 1,604 1,604 1,652 3,743 3,743 3,931 3,931 4,254 62 62 69 69 71 141,223 156,541 $247,272 $50,492 266,186 31,589 266,186 31,589 282,492 15,280 ACCT NO ACCOUNT CLASSIFICATION SPECIAL REDEVELOPMENT SERVICES 48.559-31-20 PROFESSIONAL SERVICES -ELDERLY CARE INITIATIVE PROGRAM TECHNICAL ASSISTANCE PROGRAMS 49.559-34-50 BOWMAN COLLEGE SCHOLARSHIP PROGRAM 50.559-99-31 SUMMERYOUTHANDAFTERSCHOOLSCHOLARSHIPPROGRAMS ' 51.559-99-32 SCHOOL ASSISTANCE PROGRAM SPECIAL EVENTS &TECHNICAL SERVICES 52.574-12-10 SPECIAL EVENTS PLANNING &MARKETING COORDINATOR (City Funded Position) 53.574-21-10 FICA 54.574-22-10 PENSION 55.574-23-10 INSURANCE 56.574-24-10 WORKERS COMPENSATION 57.574-31 -20PROFESSIONALSERVICES-SPECIALEVENTS&MARKETING GRANT WRITING SERVICES 58.513-12-10 GRANTWRITER (City Funded Position) 59.513-21-10 FICA 60.513-22-10 PENSION 61.513-23-10 INSURANCE 62.513-24-10 WORKERS COMPENSATION 18 ADOPTED ESTIMATE BUDGET ESTIMATE PROPOSED 2012-20132012-2013 2013-2014 2013-2014 2014-2015 40,000 40,000 40,000 40,000 19,500 10,000 9,996 10,000 10,000 15,000 26,000 26,000 20,000 20,000 10,000 32,262 30,405 0 0 0 46,902 46,902 46,902 46,902 0 3,588 3,588 3,588 3,588 0 6,660 6,660 6,660 6,660 0 6,239 6,239 6,239 6,239 0 127 127 127 127 0 20,000 19,940 22,000 15,498 14,000 28,619 28,619 28,619 28,619 0 2,189 2,189 2,189 2,189 0 2,003 2,003 2,003 2,003 0 6,239 6,239 6,239 6,239 0 77 77 77 77 0 ACCT NO ACCOUNT CLASSIFICATION PROTECTIVE SERVICES LAWENFORCEMENT-COMMUNITY POLICING INITIATIVES 63.521-12-10 SMCRA AREA SUB STATION OFFICERS (2) 64.521-21-10 FICA 65.521-22-10 PENSION 66.521-23-10 INSURANCE 67.521-24-10 WORKERS COMP CODE ENFORCEMENT 68.554-12-10 SMCRA COMMUNITY CODE ENFORCEMENT OFFICER (City Funded Position) 69.554-21-10 FICA 70.554-22-10 PENSION 71.554-23-10 INSURANCE 72.554-24-10 WORKERS COMP PUBLIC ASSISTANCE SERVICES 73.569-12-10 SMCRA COMMUNITY OUTREACH COORDINATOR (55%ofTotal Salary Contribution) 74.569-21-10 FICA 75.569-22-10 PENSION 76.569-23-10 INSURANCE 77.569-24-10 WORKERS COMP MmmMmm ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015 153,656 153,656 153,656 153,656 115,756 11,755 11,755 12,299 12,299 8,855 28,119 28,119 30,034 30,034 21,446 18,717 18,717 2,048 2,048 14,180 5,666 5,666 7,380 7,380 5,312 63,497 63,497 63,497 63,497 0 4,858 4,857 4,857 4,857 0 9,017 9,017 9,143 9,143 0 6,239 6,239 6,552 6,552 0 1,816 1,816 190 190 0 24,728 24,728 24,728 24,728 27,203 1,892 1,892 1,892 1,892 2,081 3,512 3,512 3,561 3,561 3,618 3,120 3,120 3,120 3,120 3,900 67 67 67 67 81 ^f^t?)^SERVICES &COD^NFPR^IOIENT ^;%X\'A $^\^36^59.^^^- 19 ACCT NO ACCOUNT CLASSIFICATION OPERATING EXPENDITURES 78.554-32-10 PROFESSIONAL SERVICES -ANNUAL AUDIT 79.554-34-15 OTHER CONTRACTUAL SERVICES 80.554-40-70 EMPLOYEEEDUCATION &TRAINING,TRAVEL&CONFERENCE 81.554-40-80 EMPLOYEE TRAINING 82.554-46-31 TELEPHONE LINE SERVICE 83.554-48-50 REQUIRED LEGAL NOTICE &ADVERTISING 84.554-49-10 LEGAL ADS 85.554-52-10 OPERATING SUPPLIES 86.554-54-10 PUBLICATIONS,SUBSCRIPTIONS&MEMBERSHIPS 20 ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-2012 2012-20132013-2014 2013-2014 2014-2015 6,000 6,000 6,000 8,000 8,000 0 0 0 0 0 1,750 0 850 16 1,300 750 0 200 0 0 2,500 646 1,250 1,142 1,250 500 296 350 320 850 1,000 272 500 463 0 3,788 3,300 2,500 1,829 2,300 2,000 585 1,150 710 1,250 ACCT NO ACCOUNT CLASSIFICATION GENERAL FUND SERVICES/TRANSFERS 87.554-91-40 FUEL-FIELDINSPECTIONCAR INSURANCE -FIELD INSPECTION CAR PROCUREMENT SERVICES PRINTING &MAIL-OUT SERVICE PROTECTIVE SERVICES FUEL &EQUIPMENT SMCRA SECRETARY/CITY CLERK SERVICES FINANCE DEPARTMENT RENT COLLECTION &ACCOUNTING LAND-USECHANGE &ZONINGADMINISTRATION-PLANNINGDEPARTMENT CITY MAPPING &PRINTING SERVICES(GIS) HUMAN RESOURCES PROCESSING SERVICES GENERAL COUNSEL LEGAL SERVICES COMMUNITY POOL OPERATING CONTRIBUTION ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED 2011-20122012-2013 2013-2014 2013-2014 2014-2015 800 800 800 800 800 500 500 500 500 500 0 0 0 0 1,850 1,910 1,910 1,910 1,910 1,910 3,582 3,582 3,582 3,582 1,733 7,096 7,096 7,096 7,096 7,096 4,490 4,490 4,490 4,490 4,490 3,800 3,800 3,800 3,800 3,800 7,945 7,945 7,945 7,945 7,945 3,050 3,050 3,050 3,050 3,050 26,291 50,000 §i!^y&^Jjrte&gg^ 21 APPENDIX A End of FY 2013-2014 Fund Balance Calculations October 1,2014 Fund Balance Calculations: FY 2013-2014 BREAKDOWN OF REVENUES RECEIVED 1.2014 TIF CONTRIBUTIONS RECEIVED $1,025,084 2.2014 RENTS RECEIVED $30,000 3.2014 INTEREST EARNINGS RECEIVED.$4,300 4.2014 RED ROAD COMMONS CONTRIBUTION $100,000 5.2014 BEGINNING OF YEAR AUDITED FUND BALANCE $491,172 TOTAL FY 2013-2014 REVENUES RECEIVED $1,650,556 TOTAL ESTIMATED FY 2013-2014 EXPENDITURES $1,445,509 Total2013-2014RevenuesReceived ($1,650,556)-Total EstimatedExpenditures($1,403,002) Total Estimated Fund Balance of $205,047 ESTIMATED FUNDBALANCE AS OFOCTOBER1,2014 $205,047 APPENDIX B FY 2013-2014 Year-to-Date Expenditures (September 2014) FISCAL-YEAR:2014 PERIOD:12 %PERIOD:100 CLASSIFICATIONS Fund 610-CRA TRUST FUND REVENUE Department 0000-Description N/A 3111000 -OPERATING REVENUE 3612000 -INTEREST INCOME 3612100 -INTEREST INCOME-TIF 3625100 -RENTAL PROPERTIES 3699201-MISC.OTHERS 3811900 -TRANSFER FR GENERAL FUND Department 0000-Description N/ATOTAL Department 1110-CRA BOARD FOR TIF 3111000 -OPERATING REVENUE 3612100 -INTEREST INCOME-TIF 3625100 -RENTAL PROPERTIES Department 1110-CRA BOARDFORTIFTOTAL REVENUE TOTAL EXPENSE Department 1110-CRA BOARD FOR TIF 5131210-REGULAR 5132110 -F.I.C.A. 5132210 -PENSION PLAN CONTRIBUTION 5132220 -DEFERRED COMP CONTRIB. 5132310 -GROUP HEALTH INSURANCE 5132410 -WORKERS'COMPENSATION ADOPTED BUDGET BUDGET ADJUST AMENDED BUDGET MONTH TRANS BUDGET BY DEPARTMENT REPORT THROUGH 9/29/2014 DETAIL LISTING YTD ENCUMB YTD TRANS BUDGET %USED/ BALANCE RCVD 1,025,084 0 1,025,084 0 0 1,025,084 0 100 0 0 0 0 0 164 -164 13,000 0 13,000 0 0 4,429 8,571 34 25,000 0 25,000 1,409 0 32,056 -7,056 128 0 0 0 0 0 -189 189 100,000 0 100,000 0 0 100,000 0 100 1,163,084 1,163,084 1,409 1,161,544 1,540 99 1,163,084 1,163,084 1,409 1,161,544 1,540 99 .84,574 0 184,574 13,928 0 167,818 16,756 90 14,265 0 14,265 1,000 0 12,055 2,210 84 5,564 0 5,564 0 0 4,688 876 84 8,118 0 8,118 349 0 4,159 3,959 51 24,333 0 24,333 1,189 0 12,683 11,650 52 526 0 526 0 0 348 178 66 FISCAL-YEAR:2014 PERIOD:12 %PERIOD:100 BUDGET BY DEPARTMENT REPORT THROUGH 9/29/2014 DETAIL LISTING CLASSIFICATIONS ADOPTED BUDGET AMENDED MONTH YTDYTD BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BUDGET %USED/ BALANCE RCVD 5211210-REGULAR 153,656 5211410-OVERTIME 0 5212110-F.I.CA.12,299 5212210 -PENSION PLAN CONTRIBUTION 30,034 5212310 -GROUP HEALTH INSURANCE 2,048 5212410 -WORKERS'COMPENSATION 7,380 5215220-UNIFORMS 0 5413120 -PROFESSIONAL SERVS-ST BEA 10,000 5413450 -CONTRACTUAL SERVICES 25,000 5414670 -MAINT &REP-GRDS &STRUCT 3,000 5414710 -PRINTING MATERIAL-INFRAST 0 5416340 -CAPITAL IMPROVEMENTS 0 5416450 -SUNSET DR&ST LIGHTING 0 5419930 -STREET BEAUTIFICATION 0 5511310-PARTTIME 1,250 5512110-FICA 0 5512410 -WORKER'S COMPENSATION 0 5513120 -PROFF.SVC/ECONOMIC DEVLOP 1,250 5514710 -PRINTING MATERIALS-ECO.DE 0 5519932 -ECONOMIC DEVELOPMENT PRGM 0 5519933 -BUSINESS STARTUPASSTNCE 3,000 5523120 -PROFF.SVC-COMM.BLDG REHAB 8,000 5523450 -CONTRACTUAL SRVCS-COMMERC 0 5524710 -PRINTING-MATERIALS-COMMER 0 5541210-REGULAR 86,406 5542110-FICA 6,610 5542210 -PENSION PLAN 9,143 5542220 -DEFERRED COMP CONTRIB.1,604 5542310 -GROUP HEALTH INSURANCE 10,483 5542410 -WORKER'S COMPENSATION 259 5543120 -LEGAL SERVICES 50,000 7,119160,7759,200 0 0 0 012,299 772 0 30,034 0 17,60719,6551,610 0 7,380 0 0 0 0 -6,607 3,393 0 0 25,000 0 0.3,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,250 0 0 0 0 0 0 0 01,250 0 0 0 0 0 0 0 1,564 4,564 0 08,0001,950 0 0 0 0 0 0 086,406 6,643 06,610 453 09,143 0 01,604 35 010,483 828 0 259 0 050,0003,340 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,564 0 0 0 0 0 0 0 0 0 3,340 135,688 0 11,681 23,744 12,628 4,885 0 0 24,995 0 0 0 0 0 847 0 0 0 0 0 3,564 1,950 0 0 78,509 5,421 7,704 428 8,828 171 45,432 25,087 0 618 6,290 7,027 2,495 0 3,393 5 3,000 0 0 0 0 403 0 0 1,250 0 0 1,000 6,050 0 0 7,897 1,189 1,439 1,176 1,655 88 4,568 94 79 64 66 99 67 78 24 90 82 84 26 84 66 90 FISCAL-YEAR:2014 PERIOD:12 %PERIOD:100 CLASSIFICATIONS 5543210 -AUDITOR'S FEES 5544070 -TRAVEL &CONFERENCE 5544080 -EMPLOYEE EDUCATION &TRAIN 5544631 -COMMUNICATION EQUIPMENT 5544850 -NON-LEGAL ADVERTISING 5544910 -LEGAL ADS-NON TIF 5545210-SUPPLIES 5545410 -MEMBERSHIPS &SUBSCRIPTS 5549140 -CRA SEC/GRNT ADM/MISC EXP 5549915 -MISCELLANEOUS-CITY CONTRB 5549920 -GENERAL CONTINGENCY 5549925 -CRA BOARD MEMBRS DISCRT F 5553120 -PROF SERVICES-INFILL PROG 5593120 -PROFESSNL SERV-TECH ASSTC 5593450 -WORK STUDY PROGRAM 5599931 -JAMES T.BOWMAN SCHOLARSH 5599932 -SCHOOL ASSISTANCE PROGRAM 5643120 -PROFESSIONAL SERV-LEGAL S 5643450 -CONTRACTUAL 5649921 -MULTI-FAMILY REHAB PROGRM 5649930 -SINGLE FAMILY REHAB PRGRM 5649935 -ASSISTANCE PROGRAM 5691210-REGULAR 5692110-FICA 5692210-PENSIONPLAN 5692310 -GROUP HEALTH INSURANCE 5692410 -WORKER'S COMPENSATION 5723120 -PROF.SVC-PARKIMPROVEMNT 5723450 -CONTRACTUAL 5726450 -MATCHING CONTRIBUTION 5741210 -SPECIAL EVENTS PLANNING BUDGET BY DEPARTMENT REPORT THROUGH 9/29/2014 DETAIL LISTING ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET %USED/ BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BALANCE RCVD 6,000 2,000 8,000 0 0 8,000 0 100 850 0 850 0 0 16 834 1 200 0 200 0 0 0 200 1,250 0 1,250 0 0 1,244 6 99 350 0 350 30 0 350 0 100 500 0 500 15 0 478 22 95 2,500 0 2,500 309 0 2,138 362 85 1,150 0 1,150 0 0 730 420 63 0 0 0 0 0 0 0 ! 8,036 0 8,036 0 0 8,036 0 100 4,141 -2,000 2,141 0 0 1,364 777 63 7,000 0 7,000 902 0 5,035 1,965 71 0 0 0 0 0 0 0 40,000 0 40,000 3,333 0 40,000 0 100 10,000 0 10,000 5,454 0 10,000 0 100 20,000 0 20,000 76 0 19,876 124 99 0 0 0 0 0 0 0 0 3,040 3,040 0 0 3,040 0 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22,000 3,850 25,850 835 0 24,662 1,188 95 75,000 2,757 77,757 0 50,000 77,757 0 100 24,728 0 24,728 2,274 0 28,422 -3,694 114 1,892 0 1,892 167 0 2,098 -206 110 3,561 0 3,561 0 0 3,000 561 84 3,120 0 3,120 310 0 3,304 -184 105 67 0 67 0 0 44 23.65 0 17,801 17,801 0 11,765 17,801 0 100 50,000 47,576 97,576 29,967 18,895 90,258 7,319 92 3,000 0 3,000 0 0 200 2,800 6 46,902 0 46,902 3,617 0 45,734 1,168 97 FISCAL-YEAR:2014 PERIOD:12 %PERIOD:100 CLASSIFICATIONS 5742110-FICA 5742210-PENSION 5742310 -HEALTH INSURANCE 5742410 -WORKER'S COMPENSATION 5743120 -PROFESSIONAL SERV-MRKTNG 5819120 -TRANSFER TO GENERAL FUND 5819140 -TRANSFER TO GENERAL FUND 5833120 --PROFESSIONAL SERVICES 5833125 -PROPERTY MANAGEMENT 5833455 -RESIDNT.RELOCATION ASSIST 5836110 -LANDACQUISITION 5837110 -REGIONSBANKLOAN$2,730, 5837210 -REGIONSLN2006-$2,730M Department 1110-CRA BOARD FORTIF TOTAL EXPENSE TOTAL Fund 610-CRA TRUST FUND TOTAL REVENUE TOTALS EXPENSE TOTALS _ Fund 610-CRA TRUST FUND TOTAL BUDGET BY DEPARTMENT REPORT THROUGH 9/29/2014 DETAIL LISTING ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET %USED/ BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BALANCE RCVD 3,588 0 3,588 236 0 3,070 518 85 6,660 0 6,660 0 0 5,612 1,048 84 6,239 0 6,239 519 0 5,534 705 88 127 0 127 0 0 84 43 66 22,000 0 22,000 200 0 15,698 6,302 71 33,173 0 33,173 0 0 33,173 0 100 0 0 0 0 0 0 0 100,000 0 100,000 0 0 19,522 80,478 19 40,000 0 40,000 0 0 40,000 0 100 25,000 0 25,000 0 4,814 25,019 -19 100 30,000 -24,726 5,274 1,868 0 2,813 2,461 53 266,186 0 266,186 0 0 266,185 1 99 31,589 0 31,589 0 0 31,588 1 99 1,555,611 69,981 1,625,592 69,981 1,625,5921,555,611 1,163,084 1,555,611 -392,527 0 69,981 -69,981 1,163,084 1,625,592 -462,508 91,409 91,409 1,409 91,409 -90,000 90,378 90,378 0 90,378 -90,378 1,410,111 1,410,111 1,161,544 1,410,111 215,482 215,482 1,540 215,482 -248,567 -213,942 86 86 99 86 APPENDIX C FY 2014-2015 TIF Revenue Contribution Calculations MIAMI-DADE COUNTY FY 2014-2015 TIF REVENUE CALCULATIONS South Miami Based on the Adopted Countywide Millaqe of 4.6669 $321,830,163 -Preliminary 2014 taxable value of Tax Increment District ($68.437.390)-Taxable value in Base Year -1998 $253,392,773 -Value of increment $591,279 -Revenue ($65.127)-Increase(reduced)for 2012 adjustment(detailed below)* $526.152 -Revenue payable to CRA by December 31.2014 *2012 Adjustment Detail $290,826,169 -Final 2012 Tax Roll $318,519,163 -Preliminary 2012 TaxRoll ($27,692,994)-Revision per Value Adjustment Board 4.7035 -Actual 2012 Mil/age ($65,127)-Adjustment amount for December 2014 check Information on County 1.5%Administrative Reimbursement Charge -2014 TIF Payment by $526,152 County $7,892 -Amount of 1.5%charge tobe budgeted CITYOF SOUTH MAIMI FY 2014-2015 TIF REVENUE CALCULATIONS City of South Miami Based on the Proposed Citywide Millage 321,809,495 Preliminary 2014 taxable value of Tax Increment District -68,437,390 Taxable valuein Base Year -1998 253,372,105 Value of increment 50%Portion on which the Payment isbased 126,686,053 Dedicated increment value 4.3639 Proposed Citywide Millage 552,845 Revenue -60,425 Increase (reduced)for2012adjustment(detailed below)* 492,421 Revenue payable to CRA by December 31,2014 *2012 Adjustment Detail 290,826,169 Final 2012 TaxRoll (DR-420TIF 2013) 318,519,163 Preliminary 2012 Tax Roll (DR-420TIF 2012) -27,692,994 Revision per Value Adjustment Board 50%Portion on which thePaymentis based -13,846,497 4.3639 Actual 2012 Millage -60,425 Adjustment amount for December 2013 check APPENDIX D SMCRA Administrative Organizational Chart SMCRA ADMINISTRATIVE ORGANIZATIONAL CHART Agency Director Administrative Secretary Community Outreach Property Management Coordinator Coordinator/Receptionist October 13,2014 APPENDIX E SMCRA Board Adopted Budget Resolution (October 13,2014) RESOLUTION NO.CRA 73-14-782 A resolution of the South Miami Community Redevelopment Agency (SMCRA)approving the SMCRA Budget for Fiscal Year beginning October 1,2014 and ending September 30,2015; authorizing the expenditure of funds established by the budget and authorizing the Agency to transmit the budget to Miami-Dade County for final approval. WHEREAS,according to inter-local agreement and Florida Statutes requirements,the Agencyshallestablishand approve an annual operating budget in accordancewith the goalsandobjectivesoftheadoptedcommunity redevelopment plan;and WHEREAS,on September 8,2014,the SMCRA Board conducted apublically noticed budget workshop toreviewanddiscuss the proposed FY 2014-2015budget; and WHEREAS,during the workshop,general Board consensus was provided to subsequently adopt the proposed budget;and WHEREAS,the Proposed FY 2014-2015 Budget contains projected revenues in the total amount of$1,253,620andoperating expenditures in the corresponding equivalent amount;and WHEREAS,the SMCRA Board desires to fulfill the requirements ofFlorida Statutes requirements andgoalsandobjectivesof the adopted SMCRA community redevelopment byauthorizing the expenditureoffunds established by the FY 2014- 2014 Budget. NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCYOFTHECITYOFSOUTH MIAMI,FLORIDA THAT: Section1.TheSouthMiamiCommunity Redevelopment AgencyBoard authorizes approvalof the SMCRA Budgetfor Fiscal Yearbeginning October 1,2015 andending September 30,2015;authorizingthe expenditure offundsestablishedby the budget and transmittal of the adopted budget toMiami-DadeCountyforfinal approval.A copy of the approved budget is attached as Exhibit A. Section 2.This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this13thdayof October 2014. Page 1 of2 Res.No.CRA 73-14-782 ATTEST: SECRETARY READ AND APPROVED: (VjtfkkIM CHAIRPERSON Board Vote:7-0 Chair Stoddard:Yea Vice Chair Harris:Yea Member Liebman:Yea Member Welsh:Yea Member Edmond:Yea Member Covington:Yea Member Jackson:Yea Page 2 of2 APPENDIX F Miami-Dade County SMCRA Budget Format South Miami Community Redevelopment Agency FY 2014-2015 Budget -Miami-Dade County Format $572,023 $545,666 $545,666 County Tax Increment Revenue $509,744 $519,241 $519,241 Cash Carryover (Prior Year)$1,505,494 $816,086 $1,018,786 All Other Revenues (Rent Revenues)$31,079 $60,000 $60,000 Carryover Reserved Grant Project (Madison Square Pre-Construction)$0 $0 Reserved As ProjectContributionfor Affordable Housing Expenditures $0 $0 Interest Earnings $15,659 $13,000 $13,100 Revenue Total 2,633,999 1,953,993 2,156,793 Employee Salary andFringe (SMCRA Line item 1-6)$216,052 $211,223 $201,245 Professional/Contractual Services $0 $0 $0! Other Administrative $0 $0 $0 Subtotal Admin Expenses,%$216,052 $211,223 $201,245 County Administrative Chargeat 1.5%(SMCRA Line item 10)$7,646 $7,789 $7,789 219,012 $209,034 Employee Salaryand Fringe (SMCRA Line item41-45 &73-77)$67,524 $63,390 $63,390 Professional/Contractual Services (Line item 18,21,22,26,37)$221,634 $118,605 $88,634 Legal Services/Court Costs (smcra Line item87)$50,000 $50,000 $49,855 Land/Building Acquisitions (SMCRA Line item38) Infrastructure Improvements (SMCRALine item 11-13,18-20) $42,866 Buiiding Construction Improvements (smcra Line item 40) Redevelopment GrantsIssuedOut (Line item 27,28,34,35,36,48-51) $201,208 $36,601 $143,249 $35,000 $0 $265,000 $321,021 $38,266 $38,260 $329,262 $171,513 Debt Service Bond Payments (SMCRALine item46.47)$297,764 $297,764 $297,764 Marketing,Special Events (smcra Line item52-57) TransfersOuttoOthers (smcra Line item 58-62,63-72,87) mm $19,940 $442,586 $83,516 $83,456 $375,640 $375,640 AdvertisingandLegalNotices (SMCRALine item 83,84) Travel&Conference (smcra Line item so) Employee Training (Smcra Line item 81) PropertyTaxes,Insurance,Utilities (smcra Line item 39) Auditsand Studies (smcra Line item 78) Printing,Publications &Memberships(smcra Line item 14,25,30,86) OfficeSupplies&Equipment (smcra Line item 85) Telephone &CommunicationLines (SMCRALine item82) OtherOper.Expenses-Board Member Discretionary Funds (Line 9) (B)Subtotal Oper.Expenses (C)Reserve/Contingency (smcra Line item 8) Expenditure ilgUr >TotaUA+B+C) $180 $44 $0 $41,208 $6,000 $1,810 $3,118 $2,500 7,000 1,585,232 $8,245 1,820,903 $1,500 $568 $1,750 $0 $750 $0 $44,000 $40,092 $6,000 $6,000 $3,750 $1,053 $3,788 $3,340 $2,500 $646 $7,000 7,000 1,727,481 1,548,232 $7,500 $7,000 1,953,993 1,764,266 ISiiliSii 489,337 492,421 535,747 526,152 $292,527 $124,569 $25,000 $25,000 $100,000 $80,478 $100,000 $0 $13,000 $5,000 1,555,611 1,253,620 $198,253 $202,536 $0 $0 $0 $0 $198,253 $202,536 $8,036 $7,892 $206,289 $210,428 $63,634 $68,266 $102,500 $86,728 $50,000 $26,291 $30,000 $92,500 $91,000 $32,000 $25,000 $21,000 $178,000 $94,500 $297,775 $297,772 $85,516 $14,000 $361,956 $248,723 $850 $850 $850 $1,300 $200 $0 $40,000 $36,000 $6,000 $8,000 $1,150 $1,250 $2,500 $2,300 $1,250 $1,250 $7,000 $7,000 1,345,181 1,039,730 $4,141 $3,462 1,555,611 1,253,620 iSillllgi f^t^^^m^^^^^jgHjgp^lilglf s^iSS^o^ Madison Square Mixed-Use Redevelopment Project (Pre-Construction) Murray Park Community Poot (Annual Maintenance Contribution) Street infrastructure improvements (Street Drainage Improvements) Murray Park Field Improvement Matching Grant Contribution ResidentialRehabilitationHousing improvements Commercial Business Facade Improvements LEED Certified Affordable Constriction Project -Mortgage Assistance BlightedProperty Acquisition Supplemental Housing Rehabilitation -Miami Job Corp Partnership Total T *v $26,000 $0 $115,000 $0 $33,694 8,712 $0 $40,029 $223,435 $15,000 $100,000 $60,000 $40,000 $45,000 $16,000 $150,000 $35,000 $461,000 T^ij^^jllli-r^jgvftjp;^ $2,589 $100,000 $7,500 $2,500 $41,500 $12,000 $85,000 $0 $251,089: $80,478 $50,000 $24,500 $8,500 $20,000 $2,500 $25,000 $92,500) $2,500 $305,978