1To:
Via:
From:
Date:
Subject:
Background:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The Honorable Mayor Stoddard and Members of the City Commission
Steve Alexander, City Manager
Stephen David, SMCRA DireAtto.. ..) / ",.,
October 21, 2014 ITEM No. ____ _
A resolution approving the South Miami Community Redevelopment Agency
(SMCRA) adopted budget for Fiscal Year 2014-2015, authorizing the expenditure
of funds pursuant to that budget and authorizing transmittal of the adopted
budget to Miami-Dade County for final approval.
The South Miami Community Redevelopment Agency (SMCRA) is required by
inter-local agreement to adopt an annual revenue and expenditure budget. On
September 8, 2014, the South Miami Community Redevelopment Agency held
a publically noticed budget workshop to review and provide recommendations
concerning the proposed budget. A publically noticed budget hearing was
subsequently conducted on October 13, 2014.
During the October 13 th budget hearing, the SMCRA Board authorized specific
line item amendments and achieved unanimous consensus to adopt the 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 to be $1,253,620. Total proposed expenditures including
redevelopment related land acquisition, property management, capital
improvements, economic development, affordable housing, protective
services, administration and legal services are $1,253,620.
Approval of the attached resolution shall authorize expenditure of funding
contained in the FY 2014-2015 Budget and transmittal of the adopted budget
to Miam i-Dade County for final approval.
Recommendation: Staff recommends approval of the attached resolution authorizing expenditure
of the funds contained in the FY 2014-2015 Budget attached as Exhibit A and
transmittal of the adopted budget to Miami-Dade County for final approval.
Attachments: Draft Resolution
FY 2014-2015 SMCRA Adopted Budget Package
1
2 RESOLUTION NO. ____ _
3
4 A resolution approving the South Miami Community Redevelopment
5 Agency (SMCRA) adopted budget for Fiscal Year 2014-2015,
6 authorizing the expenditure of funds pursuant to that budget and
7 authorizing transmittal of the adopted budget to Miami-Dade County
8 for final approval.
9 WHEREAS, as a requirement of the SMCRA's inter-local cooperation agreement with
10 Miami-Dade County, the Agency is required to adopt an annual revenue and expenditure
11 operating budget; and
12 WHEREAS, on September 8, 2014, the South Miami Community Redevelopment
13 Agency held a publically noticed budget workshop to review the FY 2014-2015 proposed
14 budget; and
15 WHEREAS, on October 13, 2014, the South Miami Community Redevelopment Agency
16 Board held a publically noticed budget hearing to adopt the FY 2014-2015 Budget; and
17 WHEREAS, total projected FY 2014-2015 budget revenues including tax increment
18 financing revenues, projected interest earnings and rent revenues, and prior year fund
19 balance are projected to be $1,253,620; and
20 WHEREAS, total proposed expenditures including redevelopment related land
21 acquisition, property management, capital improvements, economic development, affordable
22 housing, protective services, administration and legal services are $1,253,620; and
23 WHEREAS, the City Commission and SMCRA Board desire to comply with Florida
24 Statute and inter-local cooperation agreement requirements concerning approval of a annual
25 redevelopment revenue and operating expenditure budget.
26 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION
27 OF THE CITY OF SOUTH MIAMI, FLORIDA:
28 Section 1: The above recitals are true and correct and are incorporated herein by
29 reference.
30 Section 2: The budget of the South Miami Community Redevelopment Agency
31 attached as Exhibit A for fiscal year beginning October 1, 2014 and ending September 30,
32 2015, was considered at a public hearing and it is hereby approved and adopted.
33
34 Section 3: The budget shall be transmitted to Miami-Dade County pursuant to the,
35 City/County Inter-local Cooperation Agreement for the SMCRA.
36
37
38
39 Section 4: The funds appropriated in the budget may be expended in accordance with
40 the provisions of the budget, the Community Redevelopment Plan, and as authorized by the
41 law.
42 Section 5: If any section clause, sentence, or phrase of this resolution is for any
43 reason held invalid or unconstitutional by a court of competent jurisdiction, the holding
44 shall not affect the validity of the remaining portions of this resolution.
45 Section 6: This resolution shall become effective immediately upon adoption by vote
46 of the City Commission.
47
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PASSED AND ADOPTED this __ day of _____ , 2014.
64
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM,
LANGUAGE, LEGALITY AND
EXECUTION THEREOF
CITY ATTORNEY
Page 2 of2
APPROVED:
MAYOR
COMMISSION VOTE:
Mayor Stoddard:
Vice Mayor Harris:
Commissioner Liebman:
Commissioner Welsh:
Commissioner Edmond:
EXHIBIT A
SMCRA Board Adopted FY 2014-2015 Budget
2001
"Making our Neighborhood a Great Place to Live, Work Gild Play"
CCTITITI ([) IF ~([) IDilIR1 JD1JTI£IJ1JTI
CC([) JD1JJD1JIDRrTITITI
October 13, 2014 MIAM "1JP"Uo'"
SMCRA FY 2014-2015 BUDGET
Table of Contents:
Budget Message ....................................................................................................................... 1
South Miami Redevelopment Area Value ........................................................................... 2
Prior Year Revenues & Expenditures ................................................................................... .3
Prior Year Redevelopment Accomplishments .................................................................... 4-9
FY 2014-2015 Projected Revenues ....................................................................................... 10
FY 2014-2015 Proposed Expenditures ................................................................................. 11
FY 2014-2015 Proposed Revenue & Expenditure Budget ............................................ 12-21
Appendixes:
FY 2013-2014 End of Year Fund Balance Calculations ..................................... Appendix A
FY 2013-2014 Year to Date Revenue & Expenditure Report ........................... Appendix B
FY 2014-2015 Projected TIF Revenue Calculations .......................................... Appendix C
SMCRA Administrative Organizational Chart .................................................. Appendix D
SMCRA Board Adopted Budget Resolution ..................................................... Appendix E
Miami-Dade County SMCRA Budget Format ................................................. Appendix F
SMCRA FY 2014-2015 BUDGET MESSAGE
Honorable City Commission & SMCRA Board Members:
As a result of the continued commitment of the South Miami Community Redevelopment Agency
Board and Miami-Dade County Commissioners, the taxable value of the South Miami Community
Redevelopment area continues to increase over time. This year's preliminary 2013 tax roll
estimate for the South Miami community redevelopment area is $321,830,163. This increase
represents a total value of 472% since the inception of the South Miami Community
Redevelopment Agency in 1999.
Given the relatively short remaining lifespan of the SMCRA, it remains critical that resources be
utilized to their best and highest use. Also as a result of significant carry-over revenue reductions,
this goal is even more critical. From a fiscal year revenue high of $3,024,000 in 2007, the current
revenue projection for the Agency is $1,253,620. This amount includes tax increment
cOhtributions totaling $1,018,573, interest earnings, rent and cash carry-over revenues in the
amount of $235,047. As a result of reduced revenues, significant expenditure reductions have
been incorporated this year by the SMCRA Board. Significant reductions were applied to
redevelopment support positions including police, code, special events and grant writing.
Prior year redevelopment accomplishments associated with estimated expenditures of
$1,445,509 include substantial completion of an approved silver L.E.E.D. certified affordable
housing development project consisting of six (6) state of the art new single-family homes;
completion of critical infrastructure repairs along the District's major north-south arterial
roadway, SW 59 th Place; completion of major park improvements including building construction
of a meeting and restroom facility at Marshall Williamson Park; and completion of the long-
awaited Murray Park community pool as a result of key Agency funding contributions; as well as
continued redevelopment planning efforts required to develop the cornerstone Agency
redevelopment project, Madison Square.
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.
Submitted,
~~"""""''"''',~S~lVrCRA l5ir€cto!
1
ASSESSED VALUE OF SMCRA DISTRICT
Since the inception of the SMCRA, the South Miami Community Redevelopment Area has steadily increased
in taxable value over time. Listed below are the annual incremental increases in value of the area over time.
Annual redevelopment budget revenues are derived directly from these increase in taxable 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 (Preliminary Tax 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
SMCRA District Assesed Value Increases Since Base Year
$400,000,000
$350,000,000
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$50,000,000
$0
FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY
1998-1999-2000-2001-2002-2003-2004-2005-2006-2007-2008-2009-2010-2011-2012-2013-
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
(Base
Year)
2
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 as a result of the Red Road Commons project development agreement and a prior-year
fund balance of $491,172. FY 2013-2014 revenues received were therefore $1,650,556. Based on current year
expenditure estimate of $1,445,509, the end of year fund balance is estimated to be $205,047.
Below is a depiction of 2013-2014 estimated expenditures by redevelopment category. Also indicated are
2012-2013 actual expenditures illustrating a decrease in expenditures as a result of decreased revenues.
Redevelopment Category 2012-2013 2013-2014
Administration $201,245 $198,253
Legal and Other Uses $71,646 $68,400
Capital Improvements $321,532 $82,007
Economic Development/Commercial Improvement $18,599 $4,797
Residential Home Improvements $129,553 $97,000
Land Acquisition and Property Management $411,776 $438,234
Special Redevelopment & Technical Services $228,984 $188,141
Protective Services and Code Compliance $336,659 $323,024
Operating Expenditures $11,099 $12,480
General Fund Transfers $33,173 $33,173
Total Annual Expenditures -~11767!625 ~lA45!509
SMCRA Redevelopment Categories
$4,797
12,480 $198,253
$82,007
$438,234
mil Administration
o Capital Improvements
• Residential Home Improvements
Ii!I Special Redevelopment & Technical Services
• Operating Expenditures
$188,141
• Legal and Other Uses
o Economic Development & Commercial Improvements
Ii!I Land Acquisition and Property Management
o Protective Services and Code Compliance
Ii!! General Fund Transfers
3
PRIOR YEAR REDEVELOPMENT ACCOMPLISHMENTS
L.E.E.D. Certified Affordable Home Construction
The fifth Board approved "Silver" L.E.E.D. certified affordable home was completed during the FY
2013-2014. Construction of the sixth home is expected to commence during the first half of 2014-
2015. Completed homes are not only affordable in terms of monthly mortgage payments but as a
result of high energy efficiency, are affordable to homeowners in terms of monthly utility costs.
L.E.E.D. Certified Home 1 Completion L.E.E.D. Certified Home 2 Completion
LEED Certified Home 3 Completion LEED Certified Home 4 Completion
LEED Certified Home 5 Completion 4 Final L.E.E.D. Certified Home Rendering
Church Street Infrastructure Intersection Improvements
A a 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 59 th Place (Church Street).
Completed SW 59th Place Infrastructure Repairs Completed SW 59 th Place Infrastructure Repairs
Unsafe Residential Structure Removal
The adopted redevelopment plan calls for the continued improvement of health, asfety and
welfare related conditions. Following Board approval a significant usafe residential structure at
6442 SW 59 th Place was demolished by the Agency. The currently improved site is awiting new
affordable housing development as part of the Madison Square redevelopment project.
Unsafe Structure Demolition 6442 SW 59 th PL Completed Building Demolition Site
5
Residential Rehabilitation Program Improvements
During the previous fiscal year, the Agency authorized and completed numerous residential
rehabilitation projects including replacement of severely damaged single-family home roofs,
much needed termite tenting for older homes and other health, safety and welfare repairs. These
completed projects a vital to preserving the existing housing stock in the SMCRA area.
SMCRA Sponsored Replacement of Severely Damaged Roof
SMCRA Sponsored Home Termite Tenting SMCRA Sponsored Severely Damaged Garage Repair
6
Marshall Williamson Park Improvements
During the current year, the Board approved construction of a meeting a restroom building was
completed at Marshall Williamson Park. In conjunction with prior SMCRA funded projects at this
location including the Marshall Williamson Park pavilion, tennis court and lighting enhancements
and recent City improvements including playground installation, the area is primed for enhanced
recreational programming through the City's Parks & Recreation Department.
Board Approved Meeting & Restroom Building Construction
SMCRA Prior Year Completed Pavilion Construction SMCRA Prior Year Completed Tennis Court Restoration
7
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 as a result assists in
accomplishing SMCRA plan objectives including quality of life improvement through significant
park amenity enhancement.
Murray Park Community Pool Completion
Community Pool Grand Opening Community Pool Grand 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
possibility of enhancing overall development attractiveness of the project through possible
inclusion of additional affordable housing units. The benefits of single-family versus multi-unit
development types were explored. The Agency is currently awaiting a Planning & Zoning
Department evaluation of SMCRA Board directed land development options.
SMCRA Board Approved Madison Square Development Rendering
SMCRA Board Reviewed Townhome Development Analysis (Project Site 3)
"'rv[t. ,.\i;;-:'·,;,. ')P/!:
J II,,' 2 un'l FRQ~TELEVP.TIQt-J
Low-Density Single-Family Home Option (Project Site 3)
9
FY 2014-2015 PROJECTED REVENUES
Projected 2014-2015 Revenue Source
FY 2014-2015 Tax Increment Finance Revenues (Miami-Dade County)
FY 2014-2015 Tax Increment Finance Revenues (City o/South 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*
Fund Balance Reserved for Grant Project (Madison Square Pre-Construction)
FY 2014-2015 Total Projected Revenues
*Total Fund Balance Includes Funds Reserved for Madison Square Pre-Construction Activities
Revenue Amount
$526,152
$492,421
$1,018,573
$25,000
$5,000
$124,569
$80,478
$1,253,620
FY 2014-2015 Projected Revenues
Rent Revenues (Business _____ ---.::---.
Incubator Facility, Rental
Properties), $25,000
Tax Increment Finance
Revenues (City of South
Miami), $492,421
$5,000
mlTax Increment Finance Revenues (Miami-Dade County)
-Tax Increment Finance Revenues (City of South Miami)
Tax Increment Finance
Revenues (Miami-Dade
County), $526,152
DRent Revenues (Business Incubator Facility, Rental Properties)
o Interest 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 have been developed. Annual Board approved funding
allocations are done so in accordance with the redevelopment plan and are based on current priority ne.eds
within the SMCRA area. Actual line item expenditures for are contained in the attached budget and detailed
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 Expenditures by Redevelopment Category
$10,250
$45,000
$559,133
!ill Protective Services and Code Compliance
!ill General Fund Transfers
$58,500
• Legal and Other Uses
o Capital Improvements
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
$109,46
• Special Redevelopment & Technical Services
IiiIiI Residential Home Improvements
IiiIiI Land Acquisition and Property Management
o Administration
• Economic Develo ment & Commercial Improvements ... II1II Operating Expenditures
11
FY 2014-2015 Adopted Budget
FY 2014-2015 Projected Revenues
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
CITY OF SOUTH MIAMI TAX INCREMENT CONTRIBUTION 572,023 545,666 489,337 489,337 492,421
MIAMI-DADE COUNTY TAX INCREMENT CONTRIBUTION 509,744 519,241 535,747 535,747 526,152
TOTAL TAX INCREMENT FINANCE REVENUES 1,081,767 1,064,907 1,025,084 1,025,084 1,018,573
SMCRA ANNUAL RENT REVENUES 33,835 63,681 25,000 30,000 25,000
SMCRA INTEREST EARNINGS 14,242 7,948 13,000 4,300 5,000
. *FUND BALANCE (Audited Fund Balance as of9-30-2013 -$491,172) 1,405,494 1,018,786 $292,527 $391,172 $124,569
'FUND BALANCE RESERVED FOR MADISON SQUARE PRE-CONSTRUCTION 100,000 100,000 100,000 100,000 $80,478
**RED ROAD COMMONS AFFORDABLE HOUSING FUNDING CONTRIBUTION 0 0 $100,000 $100,000 $0
,:":":;:.:. '" .. ';, >'. ".' , ~:~l~~9,5p$ ....•.• '.'.<:. .f2;25~;~22 . :'c ,~:t', ",
1,253,620
12
FY 2014-2015 Proposed Expenditures
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014
ADMINISTRATIVE
FULL-TIME AGENCY EMPLOYEE SALARIES
1. 513-12-10 PROPERTY MANAGEMENT COORDINATOR ($39,333 Total -40% Indicated for Administrative 0 15,272
ADMINISTRATIVE SECRETARY 40,091
COMMUNITY OUTREACH COORDINATOR ($49,460 Total -45% Indicated for Administrative Outi, 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"
S. 513-24-10 WORKERS COMP"
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
TOTAL LEGAL SERV(CES& OT!-IER USES·
13
12,778
13,436
o
18,094
449
50,000
7,500
7,000
7,789
···.):~~,289
15,272
32,091
24,728
86,415
12,236
13,000
o
17,083
420
$49,857
$7,000
$7,000
7,789
$71,646
15,272
29,540
24,728
86,415
12,076
3,561
8,118
18,094
449
50,000
4,141
7,000
8,036
69,177
15,272
29,540
24,728
86,415
12,076
3,561
8,118
18,094
449
50,000
3,364
7,000
8,036
2014-2015
15,733
32,990
22,257
86,415
12,042
2,960
9,460
20,206
473
0
3,462
7,000
7,892
~8,354
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
ACCTNO ACCOUNT CLASSIFICATION
INFRASTRUCTURE & STREETS CAPE IMPROVEMENTS
11. 541-31-20 PROFESSIONAL SERVICES -Infrastructure Improvements 40,000 5,951 10,000 7,950 1,500
12. 541-34-50 CONTRACTUAL SERVICES -Infrastructure Improvements (Capital Projects Contribution) 60,000 125,161 25,000 24,995 15,000
13. 541-46-70 INFRASTRUCTURE -STREETSCAPE IMPROVEMENTS (Sewer Connections) 10,000 10,906 3,000 a 8,000
14. 541-47-10 PRINTING AND BINDING 1,000 a 0 0 a
15. 541-63-40 CAPITAL PROJECTS FUNDING CONTRIBUTIONS 0 0 a a a
16. 541-64-50 OTHER INFRASTRUCTURE IMPROVEMENTS 15,000 0 a 0 a
17. 541-47-10 PRINTING AND BINDING 1,000 511 a a a
PARK IMPROVEMENTS
18. 572-31-20 PARK IMPROVEMENTS -PROFESSIONAL SERVICES 100,000 100,000 0 a 1,000
19. 572-34-50 PARK IMPROVEMENTS -CONTRACTUAL SERVICES (Murray Park Field Grant Contribution) 25,000 78,503 50,000 48,862 7,500
20. 572-64-50 PARK IMPROVEMENTS 15,000 500 3,000 200 0
. '. ~ .... ..;" .;
• ..... • 267;000 [ 321,5~2 91,000. 82,007. • ;33;~OOj ...
14
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
EMPLOYMENT, JOB TRAINING & ENVIRONMENTAL CLEAN-UP INITIATIVES
21. 551-31-20 PROFESSIONAL SERVICES (Employment Training Initiatives) 15,000 0 1,250 0 1,250
22. 551-13-10 CONTRACTUAL SERVICES (Miami Job Corp Rehabilitation Partnership Program) 54,305 1,020 1,250 847 2,500
23. 551-21-10 FICA 4,152 78 0 0 0
24. 551-24-10 WORKERS COMP 5,148 0 0 0 0
25. 551-47-10 PRINTING AND BINDING 500 463 0 0 0
26. 551-99-32 ECONOMIC DEVELOPMENT TRAINING PROGRAMS 2,500 0 0 0 1,500
27. 551-99-33 SMALL BUSINESS ASSISTANCE GRANTS 10,000 5,000 3,000 2,000 2,500
COMMERCIAL BUSINESS IMPROVEMENTS
28. 552-31-20 COMMERCIAL FA~ADE GRANT REHABILATATION PROGRAM 16,000 12,000 8,000 1,950 2,500
29. 552-34-50 CONTRACTUAL SERVICES (Rehabilitation Contingency Expenses) 2,500 33 0 0 0
30. 552-47-10 PRINTING & BINDING 250 5 0 0 0
"(,TJ\.tECQNQMIGDEJ~{Of'MENT &CrlMMERCIAL IMPROVI:MENTS 1~O.355" 18,599 .13,500 4/197 10,250
15
C· .. ·RE $IOENTIA.I..HOU.SINGIIVIPItOVEfJlENTS·
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
AFFORDABLE HOME REHABILITATION
31. 564-31-20 PROFESSIONAL SERVICES 10,000 $3,040 0 0 0
32. 564-34-50 CONTRACTUAL SERVICES 10,000 0 0 0 0
33. 564-47-10 PRINTING AND BINDING 0 0 0 0 0
AFFORDABLE HOUSING HOME OWNERSHIP ASSISTANCE
34. 564-99-35 AFFORDABLE HOUSING PURCHASE ASSISTANCE PROGRAM 150,000 $85,000 75,000 75,000 25,000
HOUSING REHABILITATION GRANT ASSISTANCE
35. 564-99-21 MUL TI-FAMIL Y REHABILATATION PROGRAM (Combined with Line Item 36) 20,000 $5,988 0 0 0
36. 564-99-30 RESIDENTIAL REHABILATATION PROGRAM 25,000 $35,525 22,000 22,000 20,000
>TOTAL·~~$JDEf.Ulk.~OUSINGI~PROVEMENTS •
'i' 2~5,06b( , '"
~7,()()O . ~12,9;553 . 45,000 .
,:<
16
··· ....•. I.~ND •. ·ACQUISI,.ION,.·· •• ~.Il()P·Er{ ... V •. ·M~N4G~NlE NT
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. 583-31-25 AGENCY OWNED PROPERTY EXPENDITURES (Property Taxes. Insurance, etc)
40. 583-34-55 AGENCY OWNED PROPERTY MAINTENANCE & REPAIRS
PROPERTY MANAGEMENT SERVICES
41. 554-12-10 SMCRA PROPERTY MANAGEMENT COORDINATOR (60% of Total 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
• . .f()TALLA~[)XgQl1ISiTI()N ...... , •••.
17
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
15,000
35,000
44,000
38,266
22,909
1,753
1,604
3,743
62
141,223
156,541
2,589
3,360
43,092
38,260
22,909
1,753
1,604
3,743
62
$247,272
$50,492
100,000
30,000
40,000
25,000
22,909
1,753
1,604
3,931
69
266,186
31,589
19,522
25,671
40,000
25,000
22,909
1,753
1,604
3,931
69
266,186
31,589
~ . ~,: '~'. ,';. ,
80,478
92,500
36,000
21,000
23,600
1,806
1,652
4,254
71
282,492
15,280
'438,234 ....' ~$9,1'33
ADOPTED ESTIMATE BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2012-2013 2012-2013 2013-2014 2013-2014 2014-2015
SPECIAL REDEVELOPMENT SERVICES
48. 559-31-20 PROFESSIONAL SERVICES -ELDERLY CARE INITIATIVE PROGRAM 40,000 40,000 40,000 40,000 19,500
TECHNICAL ASSISTANCE PROGRAMS
49. 559-34-50 BOWMAN COLLEGE SCHOLARSHIP PROGRAM 10,000 9,996 10,000 10,000 15,000
50. 559-99-31 SUMMER YOUTH AND AFTER SCHOOL SCHOLARSHIP PROGRAMS 26,000 26,000 20,000 20,000 10,000
51. 559-99-32 SCHOOL ASSISTANCE PROGRAM 32,262 30,405 0 0 0
SPECIAL EVENTS & TECHNICAL SERVICES
52. 574-12-10 SPECIAL EVENTS PLANNING & MARKETING COORDINATOR (City Funded Position) 46,902 46,902 46,902 46,902 0
53. 574-21-10 FICA 3,588 3,588 3,588 3,588 0
54. 574-22-10 PENSION 6,660 6,660 6,660 6,660 0
55. 574-23-10 INSURANCE 6,239 6,239 6,239 6,239 0
56. 574-24-10 WORKERS COMPENSATION 127 127 127 127 0
57. 574-31-20 PROFESSIONAL SERVICES -SPECIAL EVENTS & MARKETING 20,000 19,940 22,000 15,498 14,000
GRANT WRITING SERVICES
58. 513-12-10 GRANT WRITER (City Funded Position) 28,619 28,619 28,619 28,619 0
59. 513-21-10 FICA 2,189 2,189 2,189 2,189 0
60. 513-22-10 PENSION 2,003 2,003 2,003 2,003 0
61. 513-23-10 INSURANCE 6,239 6,239 6,239 6,239 0
62. 513-24-10 WORKERS COMPENSATION 77 77 77 77 0
TOTAL '$p~dlCREOE\lEI"OI>ME.~T 8. TECHNICAL SERVICES 230905 ;~28,984 ,94,643 188;141' 58,500. ' ,', ,,', : .',;\->
18
,·······CPR(lTEC.TIVE SEf{VICES.:~¢QDEENFQRCEMENT
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
PROTECTIVE SERVICES
LAW ENFORCEMENT -COMMUNITY POLICING INITIATIVES
63. 521-12-10 SMCRA AREA SUB STATION OFFICERS (2) 153,656 153,656 153,656 153,656 115,756
64. 521-21-10 FICA 11,755 11,755 12,299 12,299 8,855
65. 521-22-10 PENSION 28,119 28,119 30,034 30,034 21,446
66. 521-23-10 INSURANCE 18,717 18,717 2,048 2,048 14,180
67. 521-24-10 WORKERS COMP 5,666 5,666 7,380 7,380 5,312
CODE ENFORCEMENT
68. 554-12-10 SMCRA COMMUNITY CODE ENFORCEMENT OFFICER (City Funded Position) 63,497 63,497 63,497 63,497 0
69. 554-21-10 FICA 4,858 4,857 4,857 4,857 0
70. 554-22-10 PENSION 9,017 9,017 9,143 9,143 0
71. 554-23-10 INSURANCE 6,239 6,239 6,552 6,552 0
72. 554-24-10 WORKERS COMP 1,816 1,816 190 190 0
PUBLIC ASSISTANCE SERVICES
73. 569-12-10 SMCRA COMMUNITY OUTREACH COORDINATOR (55% of Total Salary Contribution) 24,728 24,728 24,728 24,728 27,203
74. 569-21-10 FICA 1,892 1,892 1,892 1,892 2,081
75. 569-22-10 PENSION 3,512 3,512 3,561 3,561 3,618
76. 569-23-10 INSURANCE 3,120 3,120 3,120 3,120 3,900
77. 569-24-10 WORKERS COMP 67 67 67 67 81
TOTAL l'ROTECTIVJ: SJ:RVICES~(:()DE~NF()RC.r:MENT ,'" .,:;,
·.*0z,4'32 336,659 336,658 ·,323,024 ~23,02~.
19
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
OPERATING EXPENDITURES
78. 554-32-10 PROFESSIONAL SERVICES -ANNUAL AUDIT 6,000 6,000 6,000 8,000 8,000
79. 554-34-15 OTHER CONTRACTUAL SERVICES 0 0 0 0 0
80. 554-40-70 EMPLOYEE EDUCATION & TRAINING, TRAVEL & CONFERENCE 1,750 0 850 16 1,300
81. 554-40-80 EMPLOYEE TRAINING 750 0 200 0 0
82. 554-46-31 TELEPHONE LINE SERVICE 2,500 646 1,250 1,142 1,250
83. 554-48-50 REQUIRED LEGAL NOTICE & ADVERTISING 500 296 350 320 850
84. 554-49-10 LEGAL ADS 1,000 272 500 463 0
85. 554-52-10 OPERATING SUPPLIES 3,788 3,300 2,500 1,829 2,300
86. 554-54-10 PUBLICATIONS, SUBSCRIPTIONS & MEMBERSHIPS 2,000 585 1,150 710 1,250
·TdTAL()PERA~IN(3EXPEN[)ITU~ES •. ·;\~~;~O() 5· :;ji,480··· .,~4.S50
20
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2011-2012 2012-2013 2013-2014 2013-2014 2014-2015
GENERAL FUND SERVICES/TRANSFERS
87. 554-91-40 FUEL -FIELD INSPECTION CAR 800 800 800 800 800
INSURANCE -FIELD INSPECTION CAR 500 500 500 500 500
PROCUREMENT SERVICES 0 0 0 0 1,850
PRINTING & MAIL-OUT SERVICE 1,910 1,910 1,910 1,910 1,910
PROTECTIVE SERVICES FUEL & EQUIPMENT 3,582 3,582 3,582 3,582 1,733
SMCRA SECRETARY/CITY CLERK SERVICES 7,096 7,096 7,096 7,096 7,096
FINANCE DEPARTMENT RENT COLLECTION & ACCOUNTING 4,490 4,490 4,490 4,490 4,490
LAND-USE CHANGE & ZONING ADMINISTRATION -PLANNING DEPARTMENT 3,800 3,800 3,800 3,800 3,800
CITY MAPPING & PRINTING SERVICES (GIS) 7,945 7,945 7,945 7,945 7,945
HUMAN RESOURCES PROCESSING SERVICES 3,050 3,050 3,050 3,050 3,050
GENERAL COUNSEL LEGAL SERVICES 26,291
COMMUNITY POOL OPERATING CONTRIBUTION 50,000
T()TAL.GENE~ALfJNP~E~VICESfTRAN~FE~S·· ••••
. . ···:···~a;173.·. .. .. <.U33,~73 3:3,17~ • ;33,1]3· ·;1()~,465 ,'.': ~ •• ' c
. '"
. TOTAL BUDGET EXPENDITURES 1,953,993.1,767,6251,555,611' 1,445,509. 1,253,620
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,OOO
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
Total 2013-2014 Revenues Received ($1,650,556) -Total Estimated Expenditures ($1,403,002) =
Total Estimated Fund Balance of $205,047
ESTIMATED FUND BALANCE AS OF OCTOBER 1, 2014 ......................................................... $205,047
FY 2013-2014 Year-to-Date Expenditures
(September 2014)
APPENDIX B
FISCAL-YEAR: 2014 BUDGET BY DEPARTMENT REPORT
PERIOD: 12 THROUGH 9/29/2014
DETAIL LISTING
% PERIOD: 100
ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET % USEDI
CLASSIFICA TIONS BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BALANCE RCVD
Fund 610-CRA TRUST FUND
REVENUE
Department OOOO-Description NIA
3111000 -OPERATING REVENUE 1,025,084 0 1,025,084 0 ° 1,025,084 0 100
3612000 -INTEREST INCOME ° ° 0 0 0 164 -164
3612100 -INTEREST INCOME-TIF 13,000 0 13,000 0 0 4,429 8,571 34
3625100 -RENTAL PROPERTIES 25,000 0 25,000 1,409 0 32,056 -7,056 128
3699201 -MISe. OTHERS 0 0 ° 0 0 -189 189
3811900 -TRANSFER FR GENERAL FUND 100,000 0 100,000 0 0 100,000 0 100 --
Department 0000-Description NI A TOTAL 1,163,084 0 1,163,084 1,409 ° 1,161,544 1,540 99
Department 1I10-CRA BOARD FOR TIF
3111000 -OPERATING REVENUE 0 0 0 0 0 0 0
3612100 -INTEREST INCOME-TIF ° 0 0 0 ° ° 0
3625100 -RENTAL PROPERTIES 0 0 0 0 0 0 0
Department III O-CRA BOARD FOR TIF TOTAL 0 0 0 0 0 0 0
REVENUE TOTAL 1,163,084 ° 1,163,084 1,409 ° 1,161,544 1,540 99
EXPENSE
Department 1I10-CRA BOARD FOR TIF
5131210 -REGULAR 184,574 ° 184,574 13,928 ° 167,818 16,756 90
5132110 -F.I.C.A. 14,265 0 14,265 1,000 0 12,055 2,210 84
5132210 -PENSION PLAN CONTRIBUTION 5,564 ° 5,564 0 ° 4,688 876 84
5132220 -DEFERRED COMP CONTRIB. 8,118 0 8,118 349 ° 4,159 3,959 51
5132310 -GROUP HEALTH INSURANCE 24,333 0 24,333 1,189 0 12,683 11,650 52
5132410 -WORKERS' COMPENSATION 526 0 526 0 0 348 178 66
FISCAL-YEAR: 2014 BUDGET BY DEPARTMENT REPORT
PERIOD: 12 THROUGH 9/29/2014
DETAIL LISTING
% PERIOD: 100
ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET % USEDI
CLASSIFICA TIONS BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BALANCE RCVD
5211210 -REGULAR 153,656 7,119 160,775 9,200 0 135,688 25,087 84
5211410 -OVERTIME 0 0 0 0 0 0 0
5212110 -F.I.C.A. 12,299 0 12,299 772 0 11,681 618 94
5212210 -PENSION PLAN CONTRIBUTION 30,034 0 30,034 0 0 23,744 6,290 79
5212310 -GROUP HEALTH INSURANCE 2,048 17,607 19,655 1,610 0 12,628 7,027 64
5212410 -WORKERS' COMPENSATION 7,380 0 7,380 0 0 4,885 2,495 66
5215220 -UNIFORMS 0 0 0 0 0 0 0
5413120 -PROFESSIONAL SERVS-ST BEA 10,000 -6,607 3,393 0 0 0 3,393
5413450 -CONTRACTUAL SERVICES 25,000 0 25,000 0 0 24,995 5 99
5414670 -MAINT & REP-GRDS & STRUCT 3,000 0 3,000 0 0 0 3,000
5414710 -PRINTING MATERIAL-INFRAST 0 0 0 0 0 0 0
5416340 -CAPITAL IMPROVEMENTS 0 0 0 0 0 0 0
5416450 -SUNSET DR & ST LIGHTING 0 0 0 0 0 0 0
5419930 -STREET BEAUTIFICATION 0 0 0 0 0 0 0
5511310 -PART TIME 1,250 0 1,250 0 0 847 403 67
5512110 -FICA 0 0 0 0 0 0 0
5512410 -WORKER'S COMPENSATION 0 0 0 0 0 0 0
5513120 -PROFF.SVC/ECONOMIC DEVLOP 1,250 0 1,250 0 0 0 1,250
5514710 -PRINTING MATERIALS-ECO.DE 0 0 0 0 0 0 0
5519932 -ECONOMIC DEVELOPMENT PRGM 0 0 0 0 0 0 0
5519933 -BUSINESS STARTUP ASSTNCE 3,000 1,564 4,564 0 1,564 3,564 1,000 78
5523120 -PROFF.SVC-COMM.BLDG REHAB 8,000 0 8,000 1,950 0 1,950 6,050 24
5523450 -CONTRACTUAL SRVCS-COMMERC 0 0 0 0 0 0 0
5524710 -PRINTING-MATERIALS-COMMER 0 0 0 0 0 0 0
5541210 -REGULAR 86,406 0 86,406 6,643 0 78,509 7,897 90
5542110 -FICA 6,610 0 6,610 453 0 5,421 1,189 82
5542210 -PENSION PLAN 9,143 0 9,143 0 0 7,704 1,439 84
5542220 -DEFERRED COMP CONTRIB. 1,604 0 1,604 35 0 428 1,176 26
5542310 -GROUP HEALTH INSURANCE 10,483 0 10,483 828 0 8,828 1,655 84
5542410 -WORKER'S COMPENSATION 259 0 259 0 0 171 88 66
5543120 -LEGAL SERVICES 50,000 0 50,000 3,340 3,340 45,432 4,568 90
FISCAL-YEAR: 2014 BUDGET BY DEPARTMENT REPORT
PERIOD: 12 THROUGH 9/29/2014
DETAIL LISTING
% PERIOD: 100
ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET % USEDI
CLASSIFICA TIONS BUDGET ADJUST BUDGET TRr\NS ENCUMB TRANS BALANCE RCVD
5543210 -AUDITOR'S FEES 6,000 2,000 8,000 0 0 8,000 0 100
5544070 -TRAVEL & CONFERENCE 850 0 850 0 0 16 834
5544080 -EMPLOYEE EDUCATION &TRAIN 200 0 200 0 0 0 200
5544631 -COMMUNICATION EQUIPMENT 1,250 0 1,250 0 0 1,244 6 99
5544850 -NON-LEGAL ADVERTISING 350 0 350 30 0 350 0 100
5544910 -LEGAL ADS-NON TIF 500 0 500 15 0 478 22 95
5545210 -SUPPLIES 2,500 0 2,500 309 0 2,138 362 85
5545410 -MEMBERSHIPS & SUBSCRIPTIO 1,150 0 1,150 0 0 730 420 63
5549140 -CRA SEC/GRNT ADMIMISC EXP 0 0 0 0 0 0 0
5549915 -MISCELLANEOUS-CITY CONTRB 8,036 0 8,036 0 0 8,036 0 100
5549920 -GENERAL CONTINGENCY 4,141 -2,000 2,141 0 0 1,364 777 63
5549925 -CRA BOARD MEMBRS DISCRT F 7,000 0 7,000 902 0 5,035 1,965 71
5553120 -PROF SERVICES-INFILL PROG 0 0 0 0 0 0 0
5593120 -PROFESSNL SERV-TECH ASSTC 40,000 0 40,000 3,333 0 40,000 0 100
5593450 -WORK STUDY PROGRAM 10,000 0 10,000 5,454 0 10,000 0 100
5599931-JAMES T. BOWMAN SCHOLARSH 20,000 0 20,000 76 0 19,876 124 99
5599932 -SCHOOL ASSISTANCE PROGRAM 0 0 0 0 0 0 0
5643120 -PROFESSIONAL SERV-LEGAL S 0 3,040 3,040 0 0 3,040 0 100
5643450 -CONTRACTUAL 0 0 0 0 0 0 0
5649921 -MULTI-FAMILY REHAB PROGRM 0 0 0 0 0 0 0
5649930 -SINGLE F AMIL Y REHAB PRGRM 22,000 3,850 25,850 835 0 24,662 1,188 95
5649935 -ASSISTANCE PROGRAM 75,000 2,757 77,757 0 50,000 77,757 0 100
5691210 -REGULAR 24,728 0 24,728 2,274 0 28,422 -3,694 114
5692110 -FICA 1,892 0 1,892 167 0 2,098 -206 110
5692210 -PENSION PLAN 3,561 0 3,561 0 0 3,000 561 84
5692310 -GROUP HEALTH INSURANCE 3,120 0 3,120 310 0 3,304 -184 105
5692410 -WORKER'S COMPENSATION 67 0 67 0 0 44 23 65
5723120 -PROF. SVC-P ARK IMPROVEMNT 0 17,801 17,801 0 11,765 17,801 0 100
5723450 -CONTRACTUAL 50,000 47,576 97,576 29,967 18,895 90,258 7,319 92
5726450 -MATCHING CONTRIBUTION 3,000 0 3,000 0 0 200 2,800 6
5741210 -SPECIAL EVENTS PLANNING 46,902 0 46,902 3,617 0 45,734 1,168 97
FISCAL-YEAR: 2014 BUDGET BY DEPARTMENT REPORT
PERIOD: 12 THROUGH 9/29/2014
DETAIL LISTING
% PERIOD: 100
ADOPTED BUDGET AMENDED MONTH YTD YTD BUDGET % USED!
CLASSIFICA TIONS BUDGET ADJUST BUDGET TRANS ENCUMB TRANS BALANCE RCVD
5742110 -FICA 3,588 0 3,588 236 0 3,070 518 85
5742210 -PENSION 6,660 0 6,660 0 0 5,612 1,048 84
5742310 -HEALTH INSURANCE 6,239 0 6,239 519 0 5,534 705 88
5742410 -WORKER'S COMPENSATION 127 0 127 0 0 84 43 66
5743120 -PROFESSIONAL SERV-MRKTNG 22,000 0 22,000 200 0 15,698 6,302 71
5819120 -TRANSFER TO GENERAL FUND 33,173 0 33,173 0 0 33,173 0 100
5819140 -TRANSFER TO GENERAL FUND 0 0 0 0 0 0 0
5833120 --PROFESSIONAL SERVICES 100,000 0 100,000 0 0 19,522 80,478 19
5833125 -PROPERTY MANAGEMENT 40,000 0 40,000 0 0 40,000 0 100
5833455 -RESIDNT.RELOCATION ASSIST 25,000 0 25,000 ° 4,814 25,019 -19 100
5836110 -LAND ACQUISITION 30,000 -24,726 5,274 1,868 0 2,813 2,461 53
5837110 -REGIONS BANK LOAN $2,730, 266,186 0 266,186 0 ° 266,185 1 99
5837210 -REGIONS LN 2006 -$2,730M 31,589 0 31,589 0 0 31,588 99
Department 1110-CRA BOARD FOR TIF TOTAL 1,555,611 69,981 1,625,592 91,409 90,378 1,410,111 215,482 86
EXPENSE TOTAL 1,555,611 69,981 1,625,592 91,409 90,378 1,410,111 215,482 86
Fund 610-CRA TRUST FUND TOTAL
REVENUE TOTALS 1,163,084 0 1,163,084 1,409 0 1,161,544 1,540 99
EXPENSE TOTALS 1,555,611 69,981 1,625,592 91,409 90,378 1,410,111 215,482 86
Fund 61 O-CRA TRUST FUND TOTAL -392,527 -69,981 -462,508 -90,000 -90,378 -248,567 -213,942
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 Millage 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 Tax Roll
($27,692,994) -Revision per Value Adjustment Board
4.7035 -Actual 2012 Millage
($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 to be budgeted
CITY OF 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 value in Base Year -1998
----------~~-----------
253,372,105 Value of increment
50% Portion on which the Payment is based -------------------------126,686,053 Dedicated increment value
4.3639 Proposed Citywide Millage -------------------------552,845 Revenue
-60,425 Increase (reduced) for 2012 adjustment (detailed below)*
----------~~-----------
492,421 Revenue payable to eRA by December 31, 2014 =========================
*2012 Adjustment Detail
290,826,169 Final 2012 Tax Roll (DR-420TlF 2013)
318,519,163 Preliminary 2012 Tax Roll (DR-420TlF 2012)
----------~~-----------
-27,692,994 Revision per Value Adjustment Board
50% Portion on which the Payment is 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 Agency shall establish and approve an annual operating budget in
accordance with the goals and objectives of the adopted community redevelopment
plan; and
WHEREAS, on September 8, 2014, the SMCRA Board conducted a publically
noticed budget workshop to review and discuss the proposed FY 2014-2015 budget;
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 $1,253,620 and operating expenditures in the corresponding
equivalent amount; and
WHEREAS, the SMCRA Board desires to fulfill the requirements of Florida
Statutes requirements and goals and objectives of the adopted SMCRA community
redevelopment by authorizing the expenditure of funds established by the FY 2014-
2014 Budget.
NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
Section 1. The South Miami Community Redevelopment Agency Board
authorizes approval of the SMCRA Budget for Fiscal Year beginning October 1, 2015
and ending September 30, 2015; authorizing the expenditure of funds established by
the budget and transmittal of the adopted budget to Miami-Dade County for final
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 this 13th day of October, 2014.
Page lof2
Res. No. eRA 73-14-782
ATTEST: APPROVED:
QwG.~~
SECRETARY
#4 ;t!k%1-fJ
~ y
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
.'.' ;' '. .... i,i<;;:i/f/:\;;:\::j:~'!: "! ) 2011 .. 2012 '. 2012·201.3 .•.. 2012~2()13 .•.• ,2013·2014
)S@giit ", Budget ".: · •• ··Sudge(. ,<""
. ';, ~/:.>." ' .·B(J~!Je~.i<
Revenues ............ ...........>../.';..< ...... ;A~tua{.· . Adopted "Actual ......... Adc>pfud .••.•.
City Tax Increment Revenue $572,023 $545,666 $545,666 489,337
County Tax Increment Revenue $509,744 $519,241 $519,241 535,747
Cash Carryover (Prior Year) $1,505,494 $816,086 $1,018,786 $292,527
All Other Revenues (Rent Revenues) $31,079 $60,000 $60,000 $25,000
Carryover Reserved Grant Project (Madison Square Pre-Construction) $0 $0 $100,000
Reserved As Project Contribution for Affordable Housing Expenditures $0 $0 $100,000
Interest EarninQs $15,659 $13,000 $13,100 $13,000
Revenue Total 2,633,999 1,953,993 2,156,793 1,555,611
I ... :.' . ". ~~{';>t!:,··1}';;;:tO/~~:·n;' I.······ ;;:>Ei.;:····· .'y·.··.·.};2·;,;; •. ·.' •· .. ••····•·•• •• ·.,·'I.tX'·.··.··· • • ;if:;:;':~::>;; ~ .. \ /~.,iS.E " 1...}il:;'i:,.,' Ii ..... . ....:;; . .•..•..... . .... '<i
Employee Salary and Fringe (SMCRA Line Item 1-6) $216,052 $211,223 $201,245 $198,253
Professional/Contractual Services $0 $0 $0 $0
Other Administrative $0 $0 $0 $0
Subtotal Admin Expenses, % $216,052 $211,223 $201,245 $198,253
County Administrative Charge at 1.5% (SMCRA Line Item 10) $7,646 $7,789 $7,789 $8,036
'(Al Subtotal Adm Exp & County Charge 223,698 219,012 $209,034 $206,289
Ope~at'n~Elc .. ~. j" .. " / .. ~ j'\<ii: , •..•. ; ..•.. ' ·...·:;~,<{/::b.,:n·<·x·/::,~.·i .•.... I» ..•... ......:j,.J)< 1·· .. ·.·:;t··Gi·i~:,
Employee Salary and Fringe (SMCRA Line Item 41-45 & 73-77) $67,524 $63,390 $63,390 $63,634
Professional/Contractual Services (Line Item 18,21,22,26,37) $221,634 $118,605 $88,634 $102,500
Legal Services/Court Costs (SMCRA Line item 87) $50,000 $50,000 $49,855 $50,000
Land/Building Acquisitions (SMCRA Line Item 38) $42,866 $35,000 $0 $30,000
Infrastructure Improvements (SMCRA Line Item 11-13, 18-20) $201,208 $265,000 $321,021 $91,000
Building Construction Improvements (SMCRA Line Item 40) $36,601 $38,266 $38,260 $25,000
Redevelopment Grants Issued Out (Line Item 27,28,34,35,36,48-51) $143,249 $329,262 $171,513 $178,000
Debt Service Bond Payments (SMCRA line Item 46,47) $297,764 $297,764 $297,764 $297,775
Marketing, Special Events (SMCRA Line Item 52-57) $19,940 $83,516 $83,456 $85,516
Transfers Out to Others (SMCRA Line Item 58-62, 63-72,87) $442,586 $375,640 $375,640 $361,956
oth~ro~eiaiirlg.? ..••.. " .,:<,\. :;i.·'.'..'§.::h;.iV!· l·nH;····»· 1·/·,'· ••• ·)' '.{ ..... ,; .. " 1 < .:~:'>';.' ........
Advertising and Legal Notices (SMCRA Line Item 83,84) $180 $1,500 $568 $850
Travel & Conference (SMCRA Line Item 80) $44 $1,750 $0 $850
Employee Training (SMCRA Line Item 81) $0 $750 $0 $200
Property Taxes, Insurance, Utilities (SMCRA Line Item 39) $41,208 $44,000 $40,092 $40,000
Audits and Studies (SMCRA Line item 78) $6,000 $6,000 $6,000 $6,000
Printing, Publications & Memberships (SMCRA Line Item 14,25,30,86) $1,810 $3,750 $1,053 $1,150
Office Supplies & Equipment (SMCRA Line Item 85) $3,118 $3,788 $3,340 $2,500
Telephone & Communication Lines (SMCRA Line Item 82) $2,500 $2,500 $646 $1,250
Other Oper. Expenses -Board Member Discretionary Funds (Line 9) 7,000 $7,000 7,000 $7,000
(B) Subtotal Oper. Expenses 1,585,232 1,727,481 1,548,232 1,345,181
(C) Reserve/Contingency (SMCRA Line Item 8) $8,245 $7,500 $7,000 $4,141
Expenditure Total (A+B+C\ 1,820,903 1,953,993 1,764,266 1,555,611
·i<. ~.. "', '.:.:."',':";,,,\ ....... ",< ••..•.•.• j •• <.: ... ;: ..•.. :., ... > .. '>'>: ... .:··i· . ";,.:::":.: ··· .• i, .... ..; ..>'):'
Cash ·n(Rev~Exp)·">:;.:.:;··· •••• ·.;·::· 'i. '..':" :".i:'it}".:!.:...> • ;. .' .... : ····.··$392,527 1.···:··: •• ·· ... (··.·;······,:·····.·
• "i.:.'· .. · .•. >.... ... ' ..". :'::' ':' : •...•. ; ... :.:., .. :.: ';i. SMCRA2014-2015Redevelo~mentProjects Funding>,>:." .,'.' .: ..••.. I;)··;::·.··.>· ..... \ ...... ; . .. ':':;. / .. "/ .. : ·.····::T' .. :.;·.· .. : ... :
Madison Square Mixed-Use Redevelopment Project (Pre-Construction $26,000 $15,000 $2,589 $80,478
Murray Park Community Pool (Annual Maintenance Contribution) $0 $100,000 $100,000 $50,000
Street Infrastructure Improvements (Street DrainaQe Improvements) $115,000 $60,000 $7,500 $24,500
Murray Park Field Improvement Matching Grant Contribution $0 $40,000 $2,500 $8,500
Residential Rehabilitation HousinQ Improvements $33,694 $45,000 $41,500 $20,000
Commercial Business Fa9ade Improvements $8,712 $16,000 $12,000 $2,500
LEED Certified Affordable Constriction Project -Mortgage Assistance $0 $150,000 $85,000 $25,000
BliQhted Property Acquisition $40,029 $35,000 $0 $92,500
Supplemental Housing Rehabilitation -Miami Job Corp Partnership $2,500
fot~\:'" . ,d ••••••••
$223,435 $251;089 .. ' $3()!?,978 $461,000.
'2014.2015
/~~t~f~,.·
492,421
526,152
$124,569
$25,000
$80,478
$0
$5,000
1,253,620
;~:!~0:':; .. · .. ;~:::/
$202,536
$0
$0
$202,536
$7,892
$210,428
1· •• ·.····.··.··.;:··,·hrL: •• ·;.·
$68,266
$86,728
$26,291
$92,500
$32,000
$21,000
$94,500
$297,772
$14,000
$248,723
I·'{h:·; .• ·;
$850
$1,300
$0
$36,000
$8,000
$1,250
$2,300
$1,250
$7,000
1,039,730
$3,462
1,253,620
·L<j~.< :.' ...... : .
.,,: ...... ,.::>