3#South"Miami
THE CITY OF PLEASANT LIVING
CITY OF SOUTH MIAMI
CE OF THE CITY MANA'
INTER-OFFICE MEMORANDUM
To:The Honorable Mayor &Members of the City Commission
From:Steven Alexander,City Manager
Date:November 3,2015 Agenda ItemNo.3_
Resolution:
A Resolution approving the annual South Miami Community Redevelopment Agency
budget forfiscalyear beginning October 1,2015and ending September 30,2016;
authorizing expenditure offundsand transmittal of budget to Miami-DadeCountyfor
final approval.
Background:
BasedonFlorida Statutes Chapter 163and inter-local agreement requirements,the South
Miami Community Redevelopment Agency (SMCRA)shall adopt an annual revenue and
expenditure budget.The adopted annual revenue and expenditure budget shallbe transmitted
to Miami-Dade County for final review and approval.
Apublically noticed budget workshop todiscuss the budget was conducted by the South Miami
Community Redevelopment AgencyBoardon September 9,2015.The annual budget was
adopted by the SMCRA Boardon October 21,2015.Board authorized amendments included
the re-allocation ofland acquisition lineitemfundingin the amount of $267,480 to the
Madison Square trust fund account for project land acquisition and development expenditures.
Of the total amount allocated forMadison Square trust fund account ($398,439),an amount
not to exceed $50,000 shallbe utilized to reimburse the Cityof South Miamifor planning and
legal land-use expenditures incurred for the Madison Square project.
Recommendation:
Staff recommends approval of the attached South Miami Community Redevelopment Agency
Budget for fiscal year beginning October 1,2015 and ending September 30,2016;and
recommends an expenditure of funds established by the budget and transmittal of approved
budget to Miami-Dade County forfinal approval.A copy of the FY 2015-2016 SMCRA adopted
budget has been attached as Exhibit A.
Attachments:
FY 2015-2016 South Miami Community Redevelopment Agency Budget
1
2 RESOLUTION NO.
3
4A Resolution approving the annual South Miami Community
5 Redevelopment Agency budget forfiscal year beginning October 1,
6 2015 and ending September 30,2016;authorizing expenditure of
7 funds and transmittal of budget to Miami-Dade County forfinal
8 approval.
9 WHEREAS,based onFlorida Statutes Chapter 163 and inter-local agreement
10 requirements,the South Miami Community Redevelopment Agency shall adopt an annual
11 revenue and expenditure budget;and
12 WHEREAS,the adopted annual revenue and expenditure budget shall be transmitted
13 to Miami-Dade County for final review and approval;and
14 WHEREAS,a public budget workshop meeting of the South Miami Community
15 Redevelopment Agency Board was conducted on September 9,2015 to review and discuss
16 the budget;and
17 WHEREAS,the annual budget was adopted during a public meeting of the South
18 Miami Community Redevelopment Agency Board on October 21,2015;and
19 WHEREAS,the annual budget for fiscal year beginning October 1,2015 and ending
20 September 30,2016 contains projected revenues and corresponding proposed expenditures
21 in the total amount of $1,383,275;and
22 WHEREAS,the City Commission desires to approve the FY 2015-2016 South Miami
23 Community Redevelopment Agency revenue and expenditure budget to facilitate the goals
24 and objectives of the adopted community redevelopment plan.
25 NOW,THEREFORE,BEIT RESOLVED BYTHE MAYOR AND CITY COMMISSION
26OFTHECITYOF SOUTH MIAMI,FLORIDA:
27 Section 1:The above recitals are true and correct and are incorporated herein by
28 reference.
29 Section 2:The budget of the South Miami Community Redevelopment Agency
30 ("SMCRA")attached as ExhibitA for fiscal yearbeginning October 1,2015andending
31 September 30,2016,was considered at apublic meeting of the "SMCRA"anditis hereby
32 approved and adopted.
33
34 Section 3:The budget shallbe transmitted to Miami-Dade County pursuant to the,
35 City/County Inter-local Cooperation Agreement for the SMCRA.
36
37
38
39
40 Section 4:The funds appropriated in the budget maybe expended in accordance with
41 the provisionsof the budget,the Community Redevelopment Plan,andas authorized by the
42 law.
43 Section 5:If any section clause,sentence,or phrase of this resolution isforany
44 reason held invalidor unconstitutional bya court of competent jurisdiction,the holding
45 shall not affect the validity of the remaining portions of this resolution.
46 Section 6:This resolution shall become effective immediately upon adoption by vote
47 of the City Commission.
48
49
50 PASSED AND ADOPTED this day of ,2015.
51
52
53 ATTEST:APPROVED:
54
55
56 CITY CLERK MAYOR
57
58 READ AND APPROVED ASTO FORM,COMMISSION VOTE:
59 LANGUAGE,LEGALITY AND Mayor Stoddard:
60 EXECUTION THEREOF Vice Mayor Harris:
61 Commissioner Liebman:
62 Commissioner Welsh:
63 CITY ATTORNEY Commissioner Edmond:
64
65
Page 2 of 2
EXHIBIT A
FY 2015-2016 SMCRA Board Adopted Budget
All-amertcaCtty
2001
SMCRA
"Making our Neighborhood a Great Place to Live,Work and Pla/'
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October 21,2015
MIAMI
COUNTY
SMCRA FY 2015-2016 ADOPTED BUDGET
Table of Contents:
Budget Message 1
Community Redevelopment Area Value 2-3
Prior Year Revenues &Expenditures 3
Prior Year Redevelopment Accomplishments 4-8
FY 2015-2016 Projected Revenues 9
FY 2015-2016 Proposed Expenditures 10
FY 2015-2016 Projected Revenues &Expenditure Budget 11-21
FY 2015-2016 Proposed Expenditure Breakdown 22-26
Appendixes:
Miami-Dade County Formatted Budget Appendix A
SMCRA Administrative Organizational Chart AppendixB
FY 2015-2016 SMCRA BUDGET MESSAGE
Honorable Chair,ViceChair and SMCRA Board Members:
The preliminary assessed value estimate for the South Miami Community redevelopment area for the
2014 year is $346,238,998.This estimated value represents a 465%value increase since the base year
value of $69,238,058.The community redevelopmentareacurrentlycontainssomethe highest
valued properties in the Cityof South Miami.
During the 2014-2015 Fiscal Year,anestimatedtotalof $1,118,604 wasexpendedonredevelopment
projects,initiatives andrelated contractual services.Total expenditures include debt service onthe
Agency's long-term bond obligation with Regions Bank.This 2007,2.73 million dollar bond obligation
will currently be satisfied during the first quarter of 2015-2016.
Major areasof focus during 2014-2015 included thecontinued rehabilitation oftheredevelopment
areahousingstock;economic development creationthrough in SMCRA BusinessandCommunity
Service Facility andrelatedeconomicdevelopment programs.The on-going focuson meaningful
community policing andrelatedbenefitswascontinuedduring2014-2015.Concertedeffortswere
alsomadeduring 2014-2015 to build uponpriorinfrastructureandparkimprovementsprojects by
completing the SW 69th Street and SW 61st Court pedestrian infrastructure and park improvement
projects.
Completionof the proposed MadisonSquaremixed-use,affordable housing project also remained a
critical objective during 2014-2015.Afterachievingfullsite control,obtaining unanimous mixed-use
zoning approvals and selecting project development team,required "gap"financing continues tobe
aggressively pursued through the Agency'sexisting partnership.During2014-2015,the Boardworked
diligentlyto enhance potential construction financing opportunities through the non-competitive and
competitive tax credit programs.
FY 2015-2016 revenue projections include increased tax increment contributions in the total amount
of $1,149,532,rent revenues and interest earnings in the amount of $36,000 andafund balance of
$196,743 including funding reserved for the Madison Square project.Corresponding expenditures in
the amount of $1,383,275 have been allocated in the 2015-2016 Budget.The upcoming budget
continues to implement keygoalsand objectives of the adopted plan including continued residential
housing stock improvement,creation of business and economic development opportunities,critical
capital improvement project implementation,land acquisition and development of blighted
properties and a continued emphasis on effective community policing in support of on-going
redevelopment investments in the SMCRA area.In addition,supplemental project funding has been
allocated in the budget for Madison Square affordable housing project construction expenditures.
The proposed budget is attached for Board review and consideration.
Respectfully Submitted,
SMCRA AREA ANNUAL ASSESSED VALUATIONS
Since the inception of the SMCRA,the South Miami Community Redevelopment Area has steadily increased in
taxable value overtime.Listed below are the annual incremental increases in value of the area overtime.Annual
redevelopment budget revenues are derived directly from these increase in taxable value calculated since the base
year of the Agency.
Tax Assessment Year
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
Assessed Value (SMCRA District)
$346,238,998 (Preliminary Estimate)
$300,139,956
$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 (Base Year Value)
Annual Property Value Assesement
(SouthMiamiCommunity Redevelopment Area)
$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 1998 1999 2000 2001 2002 2003 20042005 2006 200720082009 2010 2011 20122013 2014
CITY OF SOUTH MIAMI/SMCRA ASSESED VALUATION MAP
South Miami Ad-Valorem Values
USD PER SQFT
•1 0 00-0 03
••0 04-007
••0 08-011
•i 0 12-016
0.17-0 25
0 26-0 37
f"10 38-
0 53-
0 52
0 76
•1 0 77-1 17
•i 1 18-2 22
i 0125 6 2505 Miles|
j i i i •i i |
'
En;HERE Ddorm*Uk^bw.*Op»"S:rMtM»p onecUri »rc thcGIS
City of South Miami Assessed Value Map Community Redevelopment Area
PRIOR YEAR EXPENDITURE ESTIMATE
In 2014-2015,the SMCRA receivedtaxincrementfinancecontributionsinthetotal amount of$1,018,573.
Additional annual revenues in the amount of $296,774 included rent revenues,interest earnings and fund
balance.Total estimated 2014-2015 revenues are $1,315,347.
2014-2015 expenditures are estimated tobe $1,118,604 representing an expenditure of110%ofannual TIF
revenues received.Belowisa depiction of 2014-2015 expenditures by redevelopment category.
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 -
2014-2015 Expenditures
$202,536
$18,354
$44,385
$5,756
$74,517
$392,014
$54,195
$202,432
$14,950
$109,465
$1,118,604
SMCRA Redevelopment Categories
$5,756
$202
$74,517
D Administration
•General Fund Transfers
•Capital Improvements
•Residential Home Improvements
•Economic Development
-.$14,950 $202,536
$392,014
354
$109,465
$54,195
$44,385
H Legal and Other Uses
•Special Redevelopment &Technical Services
•Land Acquisition and Property Management
•Protective Services and Code Compliance
Q Operating
4
FY 2014-2015 REDEVELOPMENT ACCOMPLISHMENTS
(SMCRA Affordable HomeOwner Assistance Program)
During thefirstquarterof 2014-2015,property closings were held fortwo (2)existing redevelopment
arearesidentsforthepurchaseoftwo (2),new L.E.E.D.certifiedaffordablehomeslocatedat6501and
6487SW60th Avenue.All constructed L.E.E.D.homes havenow been soldtoeligible affordable
homebuyers.Based ontherequirementsofthe SMCRA Homeowner's Assistance Program preferenceis
provided to existing SMCRA arearesidents.Home affordability isincompliancewithapproved H.U.D.
guidelines andhomeowners will nowalso realize energy savings asaresultofconstruction efficiency.
\th6501SW60in Avenue,South Miami,FL 6487 SW 60th Avenue,South Miami,FL
(SW 69th Street&SW 61st Court Infrastructure Improvements)
In an effort to build upon prior street infrastructure and park improvement initiatives,the SMCRA Baord
authorized completion ofthe SW 69th Street&SW 61st Court infrastructure and ADA enhancement
projects.Asa result pedestrianism and quality of life have been vastly improved.
Prior Deteriorated Conditions Completed Improvements
Prior Deteriorated Conditions Completed Improvements
(Residential Rehabilitation Assistance Program)
Board approval of residential rehabilatation applications continued during 2014-2015.All annully
allocated funding was expended on improving existing housing stock conditions.Typical home
improvements included severly damaged roof repairs,repairs to faulty electrical and plumbing
systems and overdue termite tenting in an effort to provide long-term home sustainability.
In-Progress Roofing Work Completed Roofing Work
In-Progress Tenting Work In-Progress Tenting Work
(Residential Rehabilitation &JobTrainingProgram)
During 2014-2015,the Board authorized continuation ofanexisting SMCRA partnership withtheGreater
Miami ServiceCorp.Resultsofthismeaningful partnership facilitate the rehabilitation ofadditional single-
family home repairs whileutilizingand training local youth in the fieldof home renovation.
In-Progress Home Rehabilitation Work
«p=
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&*&!•usSs
w:~*\
ifl£u|M?P
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In-Progress Home Rehabilitation Work
(Madison Square Redevelopment Project-Funding Solicitation)
With site control attained,mixed-use land-use and zoning designations approved and project developer
selected,gap financing is currently being solicited for final construction.During the 2014-2015 Fiscal Year,
the Board has worked diligently to enhance financing feasibility ofthis much needed affordable housing
development project.Increasing allowable project density is one of the current method being pursued to
enhance development feasibility.
SW 5*)"'Place a SW 64"'Street South Miami,FL
-,
rShcpcn*!ATMrdiU-Homing Ur Jfcht Sxjlh*MLv
2014-2015 Proposed SitePlan (Increased Density)ProposedProjectRendering (Lower Density)
(SMCRA Economic Developmentand Community Service Program)
During the prior fiscal year,the SMCRA continued to operate the Agency constructed Start-Up Business &
Community Service Facility located at 5825 SW 68th Street,South Miami,FL.As part of an SMCRA
redevelopment plan objective,business incubator and community service office space is leased to
prospective businesses in the SMCRA and surrounding area.As partofthe community service program,
office space id currently leased to Career Source South Florida,the South Miami Alliance for Youth and
the Art South youth organization.
SMCRA Business &Community Service Facility SMCRA Constructed Small Business Component
(SMCRA Community Policing Initiative)
The SMCRA has consistently supported SMCRA area community policinginitiatives.Two designated
officers are asa result knownand respected throughout the CRA community for providing on-going
supportandresidentassistance.During 2014-2015,variouscommunity policing projectweresupported
by the Boardincluding reactivation of the long awaited andmuch needed PoliceAthleticLeague.
0 SMPD 0 SMPD 0
5MPD '{kBD 0 SMPD0sJ|^^PD0
SMPdJJJ l^^MpD
oflU
SIVlJ W1PD
£il;
sivMfl SB SImpd
smpdT;Tsmpd^
dm sL 3 Bsmi
smpdH It
sivn •it
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Community Policing Officer 1 Police Sub-Station Operation Community Policing Officer 2
(SMCRA Commercial Facade Improvement Program)
During the 2014-2015 year,the Agency continuedtoencourage local businesstoinitiatestructuraland
aesthetic repairstoexistingbusinesses.The SMCRA commercial facade improvement programwasagain
utilized to facilitate much needed commercial facade improvements.
th(Before)-5818 SW 68™Street th(After)-5818SW 68in Street)
8
FY 2015-2016 PROJECTED REVENUES
Projected FY 2015-2016 Revenue Source
FY 2014-2015 Tax Increment Finance Revenues (Miami-Dade County)
FY 2014-2015 Tax Increment Finance Revenues (City ofSouth Miami)
FY 2014-2015 Total Tax Increment Finance Revenues
FY2014-2015 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 2015-2016 Total Projected Revenues
"Total Fund Balance IncludesFundsReservedfor Madison Square Pre-Construction Activities
Rent Revenues
(Business Incubator
Facility,Rental
Properties),$33,750
Tax Increment Finance
Revenues (Cityof
South Miami),$551,069
Interest Earnings,
,$3,250
OTax Increment Finance Revenues (Miami-Dade County)
•Tax Increment Finance Revenues (Cityof South Miami)
ORent Revenues (Business Incubator Facility,Rental Properties)
Olnterest Earnings
Revenue Amount
$598,463
$551,069
$1,149,532
$33,750
$3,250
$120,541
$76,202
$1,383,275
Tax Increment Finance
Revenues (Miami-Dade
County),$598,463
FY 2015-2016 PROPOSED EXPENDITURES BY CATEGORY
In accordancewith existing goalsandobjectivescontainedinthe SMCRA adoptedredevelopment plan,the
following redevelopment expenditure categories have been developed.Annual Board approved funding
allocationsare done soin accordance withthe redevelopment planandare based on current priorityneeds
within the SMCRA area.Actual lineitemexpendituresforarecontainedinthe attached budgetanddetailed
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 2015-2016 Total Net Expenditures -
Madison Square Trust Fund Account
FY 2015-2016 Total Expenditures -
Proposed 2015-2016
$211,784
$49,439
$33,000
$10,250
$45,000
$251,747
$58,500
$200,701
$14,950
$109,465
$984,836
$398,439
$1,383,275
Proposed FY 2015-2016 ExpenditureCategories (Trust Fund Allocation Not Shown)
$10,250
$200,701
$49,439
$251,747
•General Fund Transfers
D Administrative
•Special Redevelopment &Technical Services
•Legal &Other Uses
•Economic Development,Commercial Improvements
514,950 $109,465
$33,000
$211,784
$45,000
$58,500
•Capital Improvements
•Residential Improvement s
•Land Acquisition and Property Management
•Protective Services and Code Compliance
•Operating Expenditures
10
FY 2015-2016 Revenue &Expenditure Budget
Projected Revenues
FY 2015-2016 PROJECTED REVENUES
ACCOUNT CLASSIFICATION
CITY OF SOUTH MIAMI TAX INCREMENT CONTRIBUTION
MIAMI-DADE COUNTY TAX INCREMENT CONTRIBUTION
TOTAL TAX INCREMENT FINANCE REVENUES
SMCRA ANNUAL RENT REVENUES
SMCRA INTEREST EARNINGS
FUND BALANCE (Unreserved)
FUND BALANCE (Reserved forMadison Sqaure Development)
Red Road Commons Affordable Housing Contribution
TOTAL PROJECTED FY 2015-2016 REVENUES
ACTUAL ACTUAL BUDGET ESTIMATE PROJECTED
2012-2013 2013-20142014-2015 2014-2015 2015-2016
545,666 489,337 492,421 492,421 551,069
519,241 535,747526,152 526,152 598,463
1,064,907 1,025,0841,018,573 1,018,573 1,149,532
63,681 33,227 25,000 25,775 33,750
7,948 4,949 5,000 3,257 3,250
918,786 391,172 124,569 187,264 120,541
100,000 100,000 80,478 80,478 76,202
100,000
2,155,322 1,654,432 1,253,620 1,315,347 1,383,275
11
Proposed Expenditure Summary
FY 2015-2016 EXPENDITURE SUMMARY
ACCOUNT CLASSIFICATION
ADMINISTRATION
LEGAL &OTHER USES
CAPITAL IMPROVEMENTS
ECONOMIC DEVELOPMENT &COMMERCIAL IMPROVEMENTS
RESIDENTIAL HOME IMPROVEMENTS
LAND ACQUISITION &PROPERTY MANAGEMENT
SPECIAL REDEVELOPMENT &TECHNICAL SERVICES
PROTECTIVE SERVICES
OPERATING EXPENDITURES
GENERAL FUND TRANSFERS
2015-2016 TOTAL PROPOSED NET EXPENDITURES
MADISON SQUARE TRUST FUND ACCOUNT
2015-2016 TOTAL PROPOSED EXPENDITURES
ACTUAL ACTUAL ADOPTED ESTIMATED PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
201,245 198,253 202,536 202,536 211,784
71,646 68,400 18,354 18,354 49,439
271,416 80,015 33,000 44,385 33,000
18,599 4,797 10,250 5,756 10,250
109,553 97,000 45,000 74,517 45,000
411,776 431,407 559,133 392,014 251,747
198,984 138,141 58,500 54,195 58,500
336,659 323,024 202,432 202,432 200,701
11,099 12,48014,950 14,950 14,950
33,173 33,173 109,465 109,465 109,465
1,664,150 1,386,6901,253,6201,118,604 984,836
0 0 0 0 398,439
1,664,150 1,386,6901,253,620 1,118,604 1,383,275
12
Proposed Expenditures
ADMINISTRATIVE,LEGAL &OTHER USES
ACTUAL BUDGET ESTIMATE PROPOSED
2013-2014 2014-20152014-2015 2015-2016
15,272 15,733 15,733 20,257
29,540 32,99032,990 34,499
24,728 22,257 22,257 25,472
86,415 86,415 86,41586,415
ACTUAL
ACCTNO ACCOUNT CLASSIFICATION 2012-2013
ADMINISTRATIVE
FULL-TIME AGENCY EMPLOYEE SALARIES
1.513-12-10 PROPERTYMANAGEMENTCOORDINATOR(40,078Total,50%Shownfor Administrative Duties)15,272
ADMINISTRATIVE SECRETARY 35,624
COMMUNITY OUTREACHCOORDINATOR(50,944Total,50%Shownfor Administrative Duties)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"
TOTAL ADMIN
12,23610,361 12,04212,042 12,042
13,000 2,4262,960 2,960 2,960
0 4,3989,460 9,460 9,460
19,083 18,094 20,206 20,20620,206
420 271 473 473 473
PROFESSIONAL LEGAL SERVICES &OTHER USES
7.554-31-20 PROFESSIONAL LEGAL SERVICES
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 SERVICES &OTHER USES
13
206,778 191,505 202,536 211,784
45,436 $47,764 0 0 30,000
7,486 $1,364 3,462 3,462 3,462
5,857$5,9217,000 7,000 7,000
7,789 8,0367,892 7,892 8,977
66,568 $63,085 18,354 18,354 ^•?j^wy
CAPITAL IMPROVEMENTS
ACCT NO ACCOUNT CLASSIFICATION
INFRASTRUCTURE &STREETSCAPE IMPROVEMENTS
11.541-31-20 PROFESSIONAL SERVICES -Infrastructure Improvements
12.541-34-50 CONTRACTUAL SERVICES -Infrastructure Improvements
13.541-46-70 INFRASTRUCTURE -STREETSCAPE IMPROVEMENTS
14.541-47-10 PRINTING AND BINDING
15.541-63-40 CAPITAL PROJECTS FUNDING CONTRIBUTIONS
16.541-64-50 OTHER INFRASTRUCTURE IMPROVEMENTS
17.541-47-10 PRINTING AND BINDING
PARK IMPROVEMENTS
18.572-31-20 PARK IMPROVEMENTS-PROFESSIONAL SERVICES
19.572-34-50 PARK IMPROVEMENTS -CONTRACTUAL SERVICES (Murray Park Field Grant Conthbution)
20.572-64-50 PARK IMPROVEMENTS
14
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
5,951 0 1,5001,500 1,500
129,209 24,995 15,000 31,435 15,000
10,906 0 8,000 7,950 8,000
604 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
26,405 13,081 1,000 1,000 1,000
38,503 40,775 7,500 7,500 7,500
500 200 0 0 0
ECONOMIC DEVELOPMENT &COMMERCIAL IMPROVEMENTS
ACCT NO ACCOUNT CLASSIFICATION
EMPLOYMENT,JOB TRAINING &ENVIRONMENTAL CLEAN-UP INITIATIVES
21.551-31-20 PROFESSIONAL SERVICES
22.551-52-10 CONTRACTUAL SERVICES (Greater Miami JobCorp Partnership)
23.551-21-10 FICA
24.551-24-10 WORKERS COMP
25.551-47-10 PRINTING AND BINDING
26.551-99-32 ECONOMIC DEVELOPMENT TRAINING PROGRAMS
27.551-99-33 SMALL BUSINESS ASSISTANCE GRANTS
COMMERCIAL BUSINESS IMPROVEMENTS
28.552-31-20 COMMERCIAL FAQADE GRANT REHABILATATION PROGRAM
29.552-34-50 CONTRACTUAL SERVICES
30.552-47-10 PRINTING &BINDING
TOTAL ECONOMIC DEVELOPMENT &COMMERCIAL IMPROVEMENTS
15
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
4,354 0 1,250 0 1,250
0 847 2,500 1,889 2,500
78 78 0 0 0
4,354 0 0 0 0
463 0 0 0 0
0 0 1,500 0 1,500
8,098 2,239 2,500 1,500 2,500
12,000 1,950 2,500 2,367
33 0 0 0
97 0 0 0
29,477 5,114 10,250 5,756
2,500
0
0
10,25
RESIDENTIAL HOUSING IMPROVEMENTS
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 AFFORDABLE HOUSING PURCHASE ASSISTANCE PROGRAM
HOUSING REHABILITATION GRANT ASSISTANCE
35.564-99-21 MULTI-FAMILY REHABILATATION PROGRAM (included in 564-99-30)
36.564-99-30 RESIDENTIAL REHABILATATION PROGRAM
TOTAL RESIDENTIAL HOUSING IMPROVEMENTS
16
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
20,790 3,040 0 0 0
9,996 0 0 0 0
0 0 0 0 0
37,023
8,488
30,207
38,862
0
24,662
25,000
0
20,000
50,017
0
19,500
106,504 $66,564 45,000 69,517
25,000
0
20,000
45,000
LAND ACQUISITION,PROPERTY MANAGEMENT
ACCT NO ACCOUNT CLASSIFICATION
LAND ACQUISITION
37.583-31 -20 PROFESSIONAL SERVICES -Reservedfor Madison Square Development Expenditures
38.583-61 -10 BLIGHTED PROPERTY ACQUISITION -Re-allocatedMadisonSquareLand Acquisition (LineItem8.
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 (50%Shown tor Operational Duties)
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
TOTAL LAND ACQUISITION
17
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
0,743 19,522 80,478 4,276 76,202
0 5,960 92,500 1,583 0
11,282 39,964 36,000 36,000 45,235
34,030 25,01921,000 21,000 23,861
22,90922,909 23,60023,600 20,256
1,753 1,753 1,806 1,806 1,806
1,604 1,604 1,652 1,652 1,652
3,743 3,931 4,254 4,254 4,254
62 69 71 71 71
41,223 $266,185 282,492 282,492 77,253
56,541 $31,588 15,28015,280 1,157
383,890 $418,504 559,133 392,014 •251,74
SPECIAL REDEVELOPMENT &TECHNICAL SERVICES
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 SUMMER YOUTH AND AFTER SCHOOL SCHOLARSHIP PROGRAMS
51.559-99-32 SCHOOL ASSISTANCE PROGRAM
SPECIAL EVENTS &TECHNICAL SERVICES
52.574-12-10 SPECIAL EVENTS PLANNING &MARKETING COORDINATOR
53.574-21-10 FICA
54.574-22-10 PENSION
55.574-23-10 INSURANCE
56.574-24-10 WORKERS COMPENSATION
57.574-31-20 PROFESSIONAL SERVICES -SPECIAL EVENTS &MARKETING
GRANT WRITING SERVICES
58.513-12-10 GRANT WRITER
59.513-21-10 FICA
60.513-22-10 PENSION
61.513-23-10 INSURANCE
62.513-24-10 WORKERS COMPENSATION
TOTAL SPECIAL REDEVELOPMENT &TECHNICAL SERVICES
18
ADOPTED ESTIMATE BUDGET ESTIMATE PROPOSED
2012-2013 2012-2013 2014-2015 2014-2015 2015-2016
40,000 40,000 19,500 19,500 19,500
10,000 10,000 15,000 15,000 15,000
26,000 19,932 10,000 10,000 10,000
31,665 0 0 0 0
48,950 47,542 0 0 0
3,323 3,189 0 0 0
7,626 7,166 0 0 0
6,495 6,108 0 0 0
107 84 0 0 0
17,27815,698 14,000 9,695 14,000
33,921 28,619 0 0 0
2,189 2,189 0 0 0
2,003 2,003 0 0 0
6,239 6,239 0 0 0
7777 0 0 0
235,873 188,846 58,500 54,195 58,500
PROTECTIVE SERVICES &CODE ENFORCEMENT
ACCT NO ACCOUNT CLASSIFICATION
PROTECTIVE SERVICES
LAW ENFORCEMENT -COMMUNITY POLICING INITIATIVES
63.521-12-10 SMCRAAREASUBSTATIONOFFICERS(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 (50%ShowntorOperationalDuties)
74.569-21-10 FICA
75.569-22-10 PENSION
76.569-23-10 INSURANCE
77.569-24-10 WORKERS COMP
TOTAL PROTECTIVE SERVICES &CODE ENFORCEMENT
19
ACTUAL ACTUAL BUDGET
2012-2013 2013-2014 2014-2015
ESTIMATE PROPOSED
2014-2015 2015-2016
170,053 140,254 115,756 115,756 115,756
14,693 12,068 8,855 8,855 8,855
30,158 30,799 21,446 21,446 21,446
19,434 13,775 14,180 14,180 14,180
4,792 4,885 5,312 5,312 5,312
66,515 66,515 0 0 0
6,227 5,651 0 0 0
10,815 9,838 0 0 0
10,359 9,793 0 0 0
1,588 171 0 0 0
30,674 24,72827,203 27,203 25,472
2,259 1,892 2,081 2,081 2,081
4,022 3,561 3,618 3,618 3,618
3,877 3,120 3,900 3,900 3,900
57 67 81 81 81
375,523 327,117 202,432 202,432 200,70
OPERATING EXPENDITURES
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
TOTAL OPERATING EXPENDITURES
20
ACTUAL ACTUAL BUDGET
2012-2013 2013-2014 2014-2015
ESTIMATE PROPOSED
2014-2015 2015-2016
6,000 8,0008,0008,0008,000
0 0 0 0 0
1,734 59 1,300 1,300 1,300
750 0 0 0 0
953 1,2441,250 1,250 1,250
296 350 850 850 850
602 478 0 0 0
3,211 2,840 2,300 2,3002,300
740760 1,2501,2501,250
14,286 13,731 14,950 14,950 14,950
GENERAL FUND TRANSFERS
ACCT NO ACCOUNT CLASSIFICATION
GENERAL FUND SERVICESTTRANSFERS
87.581-95-00 FUEL-FIELD INSPECTION CAR
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-USE CHANGE &ZONING ADMINISTRATION -PLANNING DEPARTMENT
CITY MAPPING &PRINTING SERVICES (GIS)
HUMAN RESOURCES PROCESSING SERVICES
GENERAL COUNSEL LEGAL SERVICES
COMMUNITY POOL OPERATING CONTRIBUTION
TOTAL GENERAL FUND SERVICES/TRANSFERS
TOTAL NET BUDGET EXPENDITURES
MADISON SQUARE TRUST FUND ACCOUNT
ACCOUNT CLASSIFICATION
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2012-2013 2013-2014 2014-2015 2014-2015 2015-2016
800 800 800 800 800
500 500500 500 500
0 0 1,850 1,850 1,850
1,9101,910 1,910 1,910 1,910
3,5823,582 1,733 1,733 1,733
7,096 7,096 7,0967,096 7,096
4,490 4,490 4,490 4,490 4,490
3,8003,800 3,800 3,800 3,800
7,945 7,945 7,945 7,945 7,945
3,0503,0503,0503,050 3,050
26,291 26,291 26,291
50,000 50,000 50,000
33,173 33,173 109,465109,465 109,465
1,664,150 1,386,690 1,253,620 1,118,604 984,836
88.554-34-60 DEVELOPMENT SERVICES -Reserved forMadison Square Land Acquisition &Development Expenditures
89.581 -95-00 PROFESSIONAL SERVICES -Reimbursement for Incurred Project Planning and Land-Use ConsultantFees
0 348,439
50,000
TOTAL MADISON SQUARE TRUST FUND ACCOUNT $398,439
TOTAL BUDGET EXPENDITURES 1,664,150 1,386,690 1,253,620 1,118,604 1,383,275
21
Proposed Expenditure Narrative
Administrative
Employee Salary &Fringe
•SMCRA Budget Line Item No.1 thru 6 -(Full-Time Employee Salaries)-Account No.513-12-10;513-
21-10;513-22-10;513-22-20;513-23-10;513-24-10
The Agency employees four (4)full-time employees including one SMCRA Property Management
Coordinator;one Community Outreach Coordinator,one Administrative Secretary and one Agency
Director.A total funding amount of $211,784 has been allocated in the FY 2015-2016 Budget for
salaries and benefits for all administrative duties.
Total funding allocated is also in compliance with an inter-local agreement mandated 20%
administrative salary cap.
Total Administrative Expenditures -$211,784
LegalServices&Other Uses
Professional Legal Services
•SMCRA Budget Line Item No.7 -(Professional Legal Services)-Account No.554-31-20
A total amount of $30,000 has been allocated in this line item for 2015-2016 legal fees required to
convert the SMCRA Business &Community Service Facility into condominiums inan effort to
delineate for-profit and non-profit businesses for future assessment purposes.
Other Uses/General Contingency
•SMCRA Budget Line Item No.8 -(Other Uses/General Contingency)-Account No.554-99-20
A total amount of $3,462 has been allocated for unanticipated,emergency building including
hurricane related damages.
Board Member Discretionary Funds
•SMCRA Budget Line Item No.9 -(Board Member Discretionary Funds)-Account No.554-99-25
Atotal amount of$7,000is allocated annuallyas part of the adopted redevelopment plan
encouraged Special Needs Program.EachBoard Member may allocated $1,000 annually in support
of beneficial community based projects and initiatives.
Miami-Dade County Administrative Fee Charge
•SMCRA Budget Line Item No.10 -(County Administrative Fee Charge)-Account No.554-99-15
A total amount of$8,977hasbeen allocated in the FY 2015-2016 Budgetfor required Miami-Dade
County administrative processing fees assessed toall Community Redevelopment Agencies.
22
Capital Improvements
Infrastructure &Streetscape Improvements
SMCRA Budget Line Item 11-13 -(Infrastructure &Streetscape Improvements)-Account No.
541-31-20;541-34-50;and 541-46-70.
A total funding amount of $24,500 has been allocated in the FY 2015-2016 Budget for
continued SMCRA area infrastructure improvements.
Park Improvements
•SMCRA Budget Line Item 18-20 -(Park Improvements)-Account No.572-31-20;572-34-50;
572-64-50.
A total amount of $8,500 has been allocated in the FY 2015-2015 Budget for complimentary
park improvements in conjunction with previously completed park improvement including the
Marshall Williamson park pavilion,restroom building construction,tennis court restoration and
park lighting enhancements.
Economic Development &Commercial Improvements
Small Business Assistance Grants &Economic Development Training
SMCRA Budget Line Item 21-22.26-28 -(Small Business Assistance &Economic Development)-
Account No.551-31-20;551-13-10;and 551-99-32;551-99-33;552-31-20.
A funding in the amount of $2,750 (line items 21 &26)has been allocated in the FY 2015-2016
Budget for economic development and employment training.A total amount of $2,500 has been
allocated for the youth training and residential rehabilitation partnership program with the
Greater Miami Service Corp.A total of $2,500 has been allocated for small business grant
programs and an amount of $2,500 for commercial fagade rehabilitation projects.
Residential Housing Improvements
Affordable Housing Rehabilitation
SMCRA Budget Line Item 34.36 -(Affordable Housing Rehabilitation)-Account No.564-99-35;
564-99-30.
Atotal amount of $45,000 has been allocated for affordable housing initiatiatives including
$25,000 for the SMCRA Homeowner's Assistance Programfornew affordable homes and
$20,000 for rehabilitation of the existing SMCRA area housing stock.
23
Land Acquisition &Property Management
Professional Services &Land Acquisition
SMCRA Budget Line Item 37.38 -(Professional Services &Property Acquisition)-Account No.
583-31-20;583-61-10.
A total amount of $76,202 as part of the Agency's existing fund balance reserved for Madison
Square mixed-use redevelopment project expenditures including key property purchase
associated with the project and project development and construction expenditures.Previously
allocated funding for land acquisition has been re-allocated to the Madison Square Trust fund for
project related land acquisition and development expenditures.
Property Management Expenditures
SMCRA Budget Line Item 39-40 -(Property Management Expenditures)-Account No.583-31-25;
583-34-55.
A total amount of $45,235 has been allocated in the budget for annual property and liability
insurance for all eighteen (18)SMCRA owned vacant and improved properties;lawn
maintenance services for all eighteen (18)Agency owned vacant and improved properties;
annual property taxes and housekeeping services for the SMCRA operated Start-Up Business &
Community at 5825 SW 68th Street.
A total amount of $23,861 has been allocated for building maintenance and repairs for Agency
owned improved properties at 6415 and 6429 SW 60th Avenue and 5825 SW 68th Street.
Property Management Services
SMCRA Budget Line Item 41-45 -(Property Management Services Expenditures)-Account No.
554-12-10;554-21-10;554-22-20;554-23-10;and 554-24-10.
A total amount of $28,039 has been allocated in the budget for partial salary and benefits for
the SMCRA full-time Property Management Coordinator employee for assigned operational duties
including rent and utilities collection for twelve (12)individual building tenants and for
coordinating all annual building maintenance and required building repairs.
Annual Debt Service Expenditure Requirement
SMCRA Budget Line Item 46.47 -(Regions Bank Debt Service Payment)-Account No.583-71-
10;and 583-72-10.
A total amount of $78,410 has been allocated in the 2015-2016 budget as afinal debt service
payment for a 2007 long-term bond with Regions Bank.
24
Special Redevelopment &Technical Services
Professional Services/Elderly Care Initiative
SMCRA Budget Line Item 48 -(Professional Services/Elderly Care Initiative)-Account No.559-
31-20.
A total amount of $19,500 has been allocated in the 2015-2016 budget for elderly care services
provided by the Thelma Gibson organization through the South Miami Senior Center at 6701 SW
62nd Avenue.
Technical Assistance Program
SMCRA Budget Line Item 49-50 -(Technical Assistance Programs)-Account No.559-34-50;and
559-99-31.
A total amount of $25,000 has been allocated in the budget forSMCRA plan encouraged
scholarship programs forSMCRA area youth including $15,000 for the James T.Bowman
Scholarship Program and $10,000 for the after school and summer academic enrichment
programs.
Special Events &Technical Services
SMCRA Budget Line Item 56 -(Special Events &Marketing)-Account No.574-24-10.
A total amount of $14,000 has been allocated in the budget for annual economic development
generating special events in the SMCRA area including the annual MLK/Black History Parade
and related events.
Protective Services
___—
Protective Services
SMCRA Budget Line Item 63-67 -(Protective Services)-Account No.521-12-10;521-21-10;
521-22-10;521-23-10;and 521-24-10.
A total amount of $165,549 has been allocated in the 2015-2016 budget for community policing
including sub-station operation,grass root community organization involvement and Police
Athletic League program development and administration by two dedicated SMCRA area South
Miami policing officers.
Public Assistance Services
SMCRA Budget Line Item 73-77 -(Public Assistance Services)-Account No.569-12-10;569-21-
10;569-22-10;569-23-10;and 569-24-10.
A total amount of $35,152 has been allocated in the budget for partial salary and benefits for
full-time SMCRA Outreach Coordinator for assigned operating duties.
25
Operating Expenditures
Operating Expenditures
SMCRA Budget Line Item 78-86 -(Operating Expenditures)-Account No.554-32-10;554-34-15;
554-40-70;554-40-80;554-46-31;554-48-50;554-49-10;554-52-10;and 554-5410.
A total amount of $14,950 has been allocated in the 2015-2016 budget for specific operating
expenditures including annual audit services,travel and training,telephone service,legal
advertising,supplies and publications and subscriptions.
General Fund Transfers
General Fund Transfers
SMCRA Budget Line Item 87 -(General Fund Transfers)-Account No.581-95-00.
A total amount of $109,465 has been allocated in the 2015-2016 budget for community
redevelopment services provided through the City of South Miami including assigned field vehicle
gas and insurance,SMCRA Secretary services,City attorney legal services,Planning Department
project land-use and zoning services and annual SMCRA area community pool operating
contribution.
FY 2015-2016 Net Expenditures -$1,252,316
Madison Square Trust Fund
Madison Square Trust Fund
SMCRA Budget Line Item 88 -(Madison Square Trust Fund Account)
A total amount of $348,439 has been allocated in the 2015-2016 budget forland acquisition
and development expenditures associated with the Madison Square mixed-use,affordable
housing project.
SMCRA Budget Line Item 89 -(Madison Square Trust Fund Account)
A total amount of $50,000 has been allocated in the 2015-2016 budget as a reimbursement for
Cityof South Miami incurred expenditures for planning and legal land-use consultant fees
required for Madison Square project development.
Atotal amount of $398,439 has been allocated in the 2015-2016 budget forMadison Square land
acquisition and development expenditures.
Total FY 2015-2016 Expenditures -$1,383,275
26
APPENDIX A
Miami-Dade County Formatted Budget
South Miami Community Redevelopment Agency
FY 2015-2016 Budget -Miami-Dade County Format
Revenues
2012-2013
Budget
Actual
2013-2014
Budget
Actual
2014-2015
Budget
Adopted
2014-2015
Budget
Estimate
2015-2016
Budget
Proposed
City Tax Increment Revenue $545,666 $489,337 $492,421 $492,421 $551,069
County Tax Increment Revenue $519,241 $535,747 $526,152$526,152 $598,463
Cash Carryover $1,018,786 $391,172 $124,569 $187,264 $120,541
Cash Carryover Reserved for Madison Square Grant Project $100,000 $80,478 $80,478 $76,202
All Other Revenues (Rent Revenues)$63,681 $33,227 $25,000 $25,775 $33,750
Interest Earnings $7,948 S4,949 $5,000 $3,257 $3,250
Development Agreement Contribution for Affordable Housing $100,000 $0 $0 $0
Revenue Total $2,155,322 $1,654,432 $1,253,620 $1,315,347 $1,383,275
Expenditures
Administrative Expenditures:
Employee Salary and Fringe (Smcra Line item 1-6)$201,245 $191,505 $202,536 $202,536 $211,784
Professional/Contractual Services $0 $0 SO $0 so
Other Administrative $0 $0 $0 $0 so
Subtotal Admin Expenses%$201,245 $191,505 $202,536 $202,536 $211,784
County Administrative Charge at 1.5%(smcra Line item 10)$7,789 $8,036 $7,892 $7,892 $8,977
(A)Subtotal Adm Exp &County Charge $209,034 $199,541 $210,428 $210,428 $220,761
Operating Expenditures:
Employee Salary and Fringe (Smcra Line item41-45&73-77)$63,390 $65,418 $68,266 $68,266 $63,191
Professional/Contractual Services (Line item 21,22,26,37,88)$88,634 $24,772 $86,728 $8,026 $479,891
Legal Services/Court Costs (smcra Line item 7,87)$49,855 $50,000 $26,291 $26,291 $30,000
Land/Building Acquisitions (Land Acquisition Funding Contained in Trust Account)$0 $5,960 $92,500 $1,583 $0
Infrastructure Improvements (smcra Line item 11-13,18-20)$220,905 $108,852 $32,000 $37,552 $33,000
Building Construction Improvements (smcra Line item40)$38,260 $25,019 $21,000 $21,000 $23,861
Redevelopment Grants Issued Out (Line item27,28,34,36,48-51)$171,513 $122,440 $94,500 $101,565 $94,500
Debt Service Bond Payments (smcra Line item 46,47)$297,764 $297,772 S297.772 $297,772 $78,410
Marketing,Special Events (smcra Line item52-57)$83,456$79,787$14,000 $9,695 $14,000
Transfers Out to Others (smcra Line item,63-72,87)$375,640 $342,293 $248,723 $275,014 $275,014
Other Operating
Advertising and Legal Notices (smcra Line item 83,84)$568 $828 S850 $850 $850
Travel &Conference (smcra Line item so)$0 $59 $1,300$1,300 $1,300
Employee Training (smcra Line item81)SO $0 $0 $0 SO
Property Taxes,Insurance,Utilities (smcra Line item 39)$40,092 $39,964 $36,000 $36,000 $45,235
Audits and Studies (smcra Line item 78)$6,000 $8,000$8,000$8,000 $8,000
Publications &Memberships (smcra Line item 86)$1,053 $760 $1,250 $1,250 $1,250
Office Supplies &Equipment (Smcra Line item 85)$3,340 $2,840$2,300 S2.300 $2,300
Telephone &Communication Lines (smcra Line item 82)$646 $1,244 $1,250 $1,250 $1,250
Other Oper.Expenses -Board Member Discretionary Funds (Line 9)$7,000 $7,000 $7,000 S7.000 $7,000
(B)Subtotal Oper.Expenses $1,448,116 $1,183,008 $1,039,730 $904,714 $1,159,052
(C)Reserve/Contingency (smcra Line item 8)$7,000 $4,141 $3,462 $3,462 $3,462
Expenditure Total (A+B+C)$1,664,150 $1,386,690 $1,253,620 $1,118,604 $1,383,275
Cash Position (Rev-Exp)$491,172 $267,742 $196,743
SMCRA 2015-2016 Redevelopment Projects
Madison Square Project Development $0 $0 $100,000 $19,522 $76,202
Madison Square Affordable Housing Land Acquisition/Construction $0 $0 $0 $0 $398,439
Roadway Infrastructure Improvements $304,872 $129,051 $33,000 $49,385 $33,000
Murray Park Community Pool $0 $100,000 $50,000 S50.000 $50,000
Residential Rehabilitation,Purchase Assistance for New Construction $77,525 $102,419 $47,500 $72,017 $47,500
Commercial Facade Improvement Initiative jj $12,000 $1,950 $2,500 $2,500 $2,500
Blighted Property Purchase (Reallocated to Madison Square TrustAccount)$92,500 $1,583 $0
Totals $394,397 $333,420 $325,500 $195,007 $607,641
APPENDIX B
SMCRA Administrative Organizational Chart
SMCRA ADMINISTRATIVE ORGANIZATIONAL CHART
Agency Director
Administrative Secretary
Community Outreach Property Management
Coordinator Coordinator/Receptionist
October 1,2015