11SoutOOiami
CITY OF SOUTH MIAMI
O FFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM THE CITY OF PLEASANT LIVING
To:
VIA:
From:
DATE:
RESOLUTION:
The Honorable Mayor & Members of the City Commission
Steven Alexander, City Manager
stephen David, SMCRA Di~
November 1,2016 Age~da Item NO.:ft
A Resolution approving the annual SMCRA budget for Fiscal Year beginning October 1,
2016 and ending September 30, 2017; approving an expenditure of funds and authorizing
the Agency to transmit the budget t~ Miami-Dade County for final approval . .
BACKGROUND:
Florida Statutes Chapter 163 guidelines require that community redevelopment agencies
operating in the State of Florida to adopt an annual revenue and expenditure budget. Following
South Miami Community Redevelopment Agency (SMCRA) Board adoption, the budget is
required be transmitted to the Miami-Dade Board of County Commissioners for final approval.
A public workshop to discuss the proposed budget was held by the South Miami Community
Redevelopment Agency (SMCRA) on September 12, 2016. Following the budget workshop,
amendments including funding reductions in the administrative category and increases in the
Madison Square development account were included in the budget. The FY 2016-2017 budget
containing revenues totaling $1,826,403 and corresponding expenditures in the equal amount
were adopted by the Board on October 17,2016.
RECOMMENDATION:
Staff recommends approval of the budget for Fiscal Year beginning October 1, 2016 and ending
September 30, 2017; approving an expenditure of the funds and authorizing the Agency to
t ransmit the budget to Miami-Dade County for final approval. A copy of the SMCRA Board
adopted FY 2016 -2017 budget package is attached as Exhibit A.
ATTACHMENTS:
FY 2016-2017 SMCRA Budget
2
3
4
5
6
7
8
RESOLUTION NO. ____ _
A Resolution approving the annual South Miami Community
Redevelopment Agency budget ·for Fiscal Year beginning October 1, 2016
and ending September 30, 2017; approving the appropriations and
anticipated expenditure of the fund~ and authorizing the Agency to
transmit the budget to Miami-Dade County for final approval.
9 W ~.E..8.~S, Florida Statutes Chapter 163 guidelines require that community
10 redevelopment agencies operating in the State of Florida to adopt an annual revenue and
11 expenditu ~ ~dget; and
12 WHEREAS, following the adoption of the South Miami Community Redevelopment
13 Agency (SMCRA) budget by its Board, the budget is required to be transmitted to the Miami-
14 Dade Board of County Commissioners for final approval; and
15 WHEREAS, a public workshop to discuss the proposed budget was held by the SMCRA
16 on September 12, 2016; and
17 WHEREAS, following the budget workshop, amendments w~re made to the budget,
18 including funding reductions in the administrative category and increases in the Madison
19 Square development account; and I
)
V
20 WHEREAS, the FY 2016-2017 budget containing revenues totaling $1,826,403 and --~
21 corresponding expenditures in an equal amount were adopted by the SMCRA Board on V
22 October 17, 2016; and
23
24 WHEREAS, the City Commission desires to adopt the budget approved by the SMCRA
25 Board for Fiscal Year 2016-2017.
26
27 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE
28 crtv OF SOUTH MIAMI, FLORIDA:
29
30 Section 1: The above recitals are true and correct and are incorporated herein by
31 reference .
32
33 Section 2: The South Miami Community Redevelopment Agency budget for Fiscal Year
34 beginning October 1, 2016 and ending September 30, 2017, a copy of which is attached
35 hereto and made a part hereof by reference, is hereby approved and adopted.
36
37 Section 3: The budget shall be transmitted to Miami-Dade County pursuant to the,
38 County's Inter-local Cooperation Agreement with the City of South Miami.
39
40 Section 4: The funds appropriated in the budget may be expended in accordance with
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the provisions of the budget, the Community Redevelopment Plan, and as authorized by the
law.
Section 5: If any section clause,sentence, or phrase of this resolution is for any reason
held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not
affect the validity of the remaining portions of this resolution.
Section 6: This resolution shall become effective immediately upon adoption by vote
of the City Commission.
PASSED AND ADOPTED this __ day of November, 201 ~. •
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM,
LANGUAGE, LEGALITY AND
EXECUTION THEREOF
CITY ATIORNEY
Page 2 of2
APPROVED:
MAYOR
COMMISSION VOTE :
Mayor Stoddard:
Vice Mayor Welsh:
·Commissioner Liebman:
Commissioner Harris:
Commissioner Edmond:
EXHIBIT A
SMCRA Board Adopted FY 2016-2017 Budget
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SMi C-'RA' '. '1 ,', , , :I .. ~.~, \ ,
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oln '0 " IOUTI 1111:111'1
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RIDIYI ,tOPII'IIT lailOY
FY 1,116-1117
ADOPTED IUD,GIT
October 17, 2016
i'l l r nTV "'I I' ~fI N1 1 'V It"G
MIAM.-~,
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FY 2016-2017 SMCRA PROPOSED BUDGET
Table of Contents:
Budget Message .................................•......•.•...................................•............ ~ ....................... 1
Community Redevelopment Area Value ............................. ~ .••....•.......................• ; .......• 2-3
2014-2015 Audited End of Year Fund Balance •......................................•......................... 4
2015-2016 Estimated Revenues ....................•......................•.......... ; ......... ; ....................... 5
2015-2016 Estimated Expenditures .....•...............•............................................................ 6
2015-2016 Estimated End of Year Fund Balance •...... ~ •.•.•.......................•......•........•........ 7
2015-2016 Project Accorn plishments ....................................................................... , ... 8-12
2016-2017 Projected Revenues ........................................................................................ 13
2016-2017 Beginning of Year Fund Balance .................................................................. 14
2016-2017 Proposed Expenditures ...................... ; .......................................................... 15
2016-2017 .Proposed Revenue & Expenditure Budget ............................................ 16-26
2016-2017 Proposed Expenditure Narrative ....................................................... : ..... 27-31
2016-2017 Miami-Dade County Formatted Budget ............. : ......................................... 32
SMCRA Board Approved Resolution ................................................................................. 33
(October 17, 2016)
)
FY 2016-2017 SMCRA BUDGET MESSAGE
Honorable Chair, Vice Chair & SMCRA Board Members:
During Fiscal Year 2015-2016, the South Miami Community Redevelopment Agency received total
. tax increment financing (TIF) revenues in the amount of $1,149,532 representing 50% of total TIF
revenues. The total TIF increase from the prior fiscal year was $130,959. The .estimated TIF .revenue
increase for Fiscal Year 2016-2017 is projected to be $167,596. The corresponding 2015 assessed
value for all properties located within the SMCRA area is estimated to be $368,901,307. The 2015
projected value of $368,901,307 is compared to the 1999 base year value of $69,238,058.
During the prior fiscal year, the Agency expended an eStimated total of $923,426. Revenues were
expended within the following ' community redevelopment categories: capital improvements;
economic development; residential housing improvements; land acquisition; property
management; special redevelopment and technical services; community policing; legal services;
administration. Board authorized projects included area ... wide pedestrian sidewalk repairs and
street intersection improvements, the continued rehabilitation of the existing housing stock,
economic development and business creation through the Business & Community Service Facility.
During the prior fiscal year, the Agency continued to pursue development financing opportunities
needed to construct the Madison Square mixed-use, affordable housing project. Efforts to increase
existing project density and related la'nd acquisition efforts are currently underway. As a result of
these Board endorsed initiatives, private development interest increased during the latter halfof
the fiscal year.
During Fiscal Year 2016-2017, the SMCRA is projected to receive total TIF funding contribution in
the amount of $1,317,128 representing a 22% increase from the prior year. Including cash carry-
over revenues resulting from the Board designated Madison Square development account, annual
rent revenues and interest earnings, total revenues for Fiscal Year 2016-2017 are projected to be
$1,826,430. The FY 2016-2017 budget continues to . implement identified goals and objectives
contained in the adopted community redevelopment plan including on-going improvement of the
existing housing stock, economic development and business creation initiatives, capital projects
and infrastructure improvements, SMCRA area park enhancements and blighted property
acquisition and conveyance of for affordable housing development. The Board also intends to
continue to focus on community policing to address comprehensive community improvement in
the SMCRA area.
Based on the above referenced TIF revenue increases, additional funding shall be allocated to the
Madison Square development account in an effort to complete this vital affordable housing
initiative. The FY 2016-2017 proposed revenue and expenditure budget has been attached for
Board review and cons.ideration.
Respe ully SUbmi~~~
~or
1
SMCRA ASSESED AREA VALUE
Since it's inc eption, the So uth Miami Commun ity Redev elopme nt Area ha s sig n ificant ly increase d in
taxable value over time. As in dica t ed below, since the base yea r v al ue of $69 ,238,058, the area value
has inc rease d to a pre limi nary 2015 ass essm ent estimate of $368,901 ,3 07. Ann ua l TI F r eve n ue
co ntribution s are ba sed o n ann ual inc re ase s i n are a assessed value .
400 ggggg 0
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Assessment Year
2015
2 014
2 013
2 012
2011
2 010
2009
2008
2 007
2006
2 005
2 0 04
2003
2 0 02
20 01
2000
1999
1998
Assessed Value
$368,901,307 (Preliminary 201 5 Assessmen t )
$315,17'8,793
$300,139,956
$2·90 ,826,169
$289,084,676
$298,423,352
$295,291 ,036
$356,79:2,286
$348,73 1 ;·940
$326,919,396
$267 ,01 0,957
$19 2 ,038,090
$177,715,214
$165 ,758,926
$188 ,553,289
$1 85 ,76 0 ,974
$199,511,654
$69,2 38 ,058 (B ase Year Asse ssment)
SMCRA Assessed Area VaJue
--_._-.. _._. __ ........ _._-------------_. =
~~j1J)m ~~ ---~
1 99 8199 9 20 00 200 1 200 2 2003 200 4 20 65-20 06 2007 200 82 009 2010 2011 201 22013 2 0142 015
,-
..... -
. ____ . ___ . ________ -1
2
CITY OF SOUTH MIAMI & SMCRA AREA ASSESED VALUES
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City of South Miami Assessed Value Map C -Com mun ity Redevelopment Area
3
FY 2014 -2015 END OF YEAR AUDITED FUND BALANCE
Fund Balance Description
Unreserved Fund Balance
Reserved Fund Balance (Madison Square)
FY 2014·2015 Total Audited Fund Balance
Amount
$132,306
$76,202
$208,508
Reserved Fund
Balance (Madison
Square), $76,2 02,
37%
FY 2014-2015 End of Year Audited Fund Balance
$208,S08
4
Unreserved Fund
Balance, $132,306,
63%
FY 2015-2016 ESTIMATED REVENUES
FY 2015-2016 Revenue Source Revenue Amount
Tax Increment Contribution (County)
Tax Increment Contribution (City)
Rent Revenues
Interest Earnings
Total Estimated Revenues
$598,463
$551,069
$33,750
$3,594
$1,186,876
FY 2015-2016 Estimat ed Revenues
$1,186,876
50% Tax Incremen t
Contribution (City),
$551,069, 47%
Rent Revenues ,
$33,750,
5
Interest Earnings,
$3,594,0%
50% Tax Increment
Contribution
(County), $598,463,
50%
2 0 15-2016 ESTIMATED EXPENDITURE S
Based o n t otal estimated revenues in the amount of $1,186,876, the following estimated
expenditu re s we re in c urred du r ing FY 2015 ~20 1 6:
Estimated Expenditures
Redevelopment Category
Administration
Legal & Other Uses
Capital Improvement
Economic Development/Commercia l Im p rovements
Residential Home Improvements
Land Acquisition
Property Management
Special Redevelopment & Technica l Services
Protective Services
Operating Expenditures
General Fund Transfers
Madison Square Tr ust Fund
Total Estimated Expenditures
Expenditure Amount
$211,784
$42,118
$30,000
$5,593
$20,000
$78,410
$93,219
$56,752
$200,701
$13,439
$109,465
$61,945
$923,426
2015-2016 Estimated Expenditures -$9 23,426
General Fund Madison Square
Transfers, $109,465, Development l>rrr,"nT
12% $61,945, 7%
Operating
Expenditures, $13,439,
1%
Protective Ser vices,
$200,701,22%
Special Redevelopment
& Technical Services,
$56,752,6% Property Management,
$93,219, 10%
6
Administration ,
$211,784,23%
Land Acquisition,
$78,410,8%
Legal & Other Uses,
$42,118,5%
Capitallmpravements,
$30,000,3%
Econom ic
Deve lopment/Cam mer
ciallmprovements,
$5,593,1%
Residential Housing
Stock Imp rovement,
$20,000,2%
FY 2015 -2016 ESTI M ATED END OF YE AR FUND BALANC E
Fund Balance Breakdown Amount
2015 -2016 Fund Balance -Revenues ($1,1 86,876) Minus Expe nditures (-$923,426) $263,450
2014-2015 Audited Fund Balance (Unexpended) $208,508
Total Estimated 2015·2016 Fund Balance $471,958
2014-2015 Audi t ed
Fund Balance
(R ese rved), $76,202,
16%
2 014-2015
Audited
Fund
Balance
($208,508)
2014-2015 Audite d
Fund Balance
( Unreserved),
$132,306, 28%
FY 2015·2016 Estimated Fun d ·Balance
$47 1,958
7
20.15-2016 .
Estimated
Fu.nd Balan ce
(.263,4SQl
Revenues Minus
Expenditures ,
$263,450,56%
FY 2015 -2016 REDEVELOPMENT ACCOMPLISHMENTS
(Legal Services -Building Condominium Conversion)
During the 2015-2016 Fiscal Year, the Board allocated funding for legal services in the
amount of $30,000 to convert the Agency operated Business & Community Service Facility
into a building condominium format containing for-profit and non-for-profit office folio
numbers. As a result of the conversion, property taxes reductions can be expected by at
least fifty percent (50%) during FY 2016-2017. During FY 2015-2016, the Agency comtinued
to facilitate much needed small business development and community service
opportunities in this SMCRA constructed facility located at 5825 SW 68th Street, South
Miami, FL.
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Delineation of For-Profit & Non-For-Profit Building Uses Start-Up Business & Community Service Facility
(Capital Improvements)
During the 2015-2016 Fiscal Year, the Board authorized €0mp leti on of critical sidewalk
tripping hazards throughout the community redevelo,p.rneflt area including a required
funding reimbursement to the City of South Miami ,far 9J!1~ (i)f the 2016 repairs.
Sidewalk Tripping Hazzard Repair Work (SW 68th St.) Completed Sidewalk Tripping Hazzard Repairs (SW W t Ct .)
8
FY 2015 -2016 REDEVELOPMENT ACCOMPLISHMENTS
(Capitallmpravements)
During the later half of 2015-2016, the' Board authorized infrastructure
improvement funding in the amount of $8,960 to restore existirng intersection
crosswalks at SW 64th St. and SW 59th Place. Following Miami-Dade County traffic
approval, this existing safety cOlilcern shall be mitigates fer the on-going benefit of
local.pedestrians and motorists.
Existing Street Intersection Conditions ,Existing Intersection Aerial Photograph
(Residential Housing Stock Improvements)
During the 2015-2016 Fiscal Year, the Board autlrlorizecl funding in the amount of
$20,000 to facilitate continued housing stock irilil'prOVem,ents in thr0uglrlout the
co mmunity redevelopment area . The vast majority of the homes improved
req uired major structural repair of substant ially damaged exterior rooiiing.
Roof Repair Under Construction (6335 SW 59th Avenue ) Roof Repair Under Construction (6091 SW 63 RO Street)
9
FY 2015-2016 REDEVELOPMENT ACCOMPLISHMENTS
(Affordable Housing Construction)
Construction of the sixth L.E.E.D. certified affbrdable home commenced during
2015-2016. This undersized parcel will soon yield an additional high quality, energy
efficient, affordable hom~ for an SMCRA area resident . Current d~Me ,IG,pment
partners, the Miami Dade Affordable Housing 'Foun'datien hawe e~pressed a desire
to dewelop additional blighted parcels in the SMCRA ~r~a.
L.E.E.D. Certified Home Foundation CO,nstruction L.E.E.D. Certified Rome Insulated Wall Construction
(Commercial Fa~ade Rehabilitation )
This year's commercial facade pilot project was the Fellowship House at 5711
South Dixie Highway. During the later half of the fiscal year, the Board authorized
entering into a commercial fa~ade grant agreement with the Fellowship House to
enh ance existing exterior security lighting and related fa~ade improvements along
an existing SMCRA commercial corridor.
Existing Commercial Fa~ade Before Conditions Existing Commercial Fa!;ade Before Conditions
10
FY 2015-2016 RE DEVELOPMENT ACCOMPLISHMEN TS
(Affordable Housing Construction Financing Initiative)
During the 2015 -2016 Fiscal Year, the Board continued to pursue ~equired
construction financing needed to construct the Madison Square mixed-use,
affordable housing project . During the beginning of the fiscal year, tme Board
allocated a portion of the required gap financing needed to development the
project. The Board also authorized necessary inerea'ses in project density and
supplemental land acquisition to enhance project dev.elopment interest.
Prop ... d Madison Squire D ••• lopm.nt5c .... rfo
SW 61" COllri. SOlllil Miallli. FloriD..
Board Approved Land Acquisition & Rezoning Strategy Board Endorsed Townhome Development Type (Site 3 )
(Special Redevelopment & Techni.cal Services)
Special Events
During FY 2015 -2016, the Board contin ued to support meaningful, economic
development related special events in the SMORA area including the annua l
MLK/Black History Parade and the Juneteenth historic events.
2016 MLK/Black History Parade Performers 2016 MLK Parade City Commissi on Ride
11
FY 2015 -2016 REDEVELOPMENT ACCOMPLISHMENTS
(Special Redevelopment & Technical Services)
During the 2015-2016 Fiscal Year, the Board allocated funding in the total amount of
$44,5'00 in the special redevelopment and teohnical services category to assist in
providing elder ly care services and academic scholarshifl)s for local SMCRA area residents.
Elderly care services are currently provided by the Thelma Gibson Health orgalirizat i on
and SMCRA scholarships indu«lle the James T. Bowman Scholarship and the Summer an«ll
After School program scholarst:liJ1)s.
Former Bowman Recipient & Current tc:ille~e Graduate South Miami Senior Center Elderly Care Service Center
(Community Polici.,g Initiative)
The community redevelopment plan encourages the Agency to fund policing programs in
the community redevelopm ent area . The importance of establishing meaningful
community relations has become evident in todi:W's society. The Board continues to
support the goals of objectives of meaningful cammunity policing. As a result of this
community policing effort, two dedicated community officers have played a critical role i n
maintaining excellent relations with redevelopment area residents.
SMCRA Area Community Officer SMCRA Board Endorsed P.A.L. Organization SMCRA Area Community Office r
12
FY 2016 -2017 PROJECTED REVENUES
FY 2016-2017 Revenue Source Revenue Amount
Tax Increment Contribution (County)
Tax Increment Contribution (City)
Rent Revenues
Interest Earnings
Total Projected Revenues
$685,598
$631,530
$33,750
$3,5~4
$1,354,472
FY 2016-201 7 Projected Revenues
$1,354,472
Talc Increment
Contribution (City),
$631,530,
Rent Revenues,
$33,750,
13
Interest Earnings,
$3,594,0%
Tax Increment
Contribution (County),
$685,598,51%
FY 2015-2016 ESTIMATED FUND BALANCE
Fund Balance Source Amount
20 14·2015 Audited Fund Balance (208,508) + 2015·2016 Estimated Fund Balance (263,450) = $471,958
2014-201 5 Fund
Balance (Reserved),
$76,202
2014·2015
Audited
Fund
Balance
($2 08,508)
2014-2015 Fund
Balance (Unreserved),
$132,306
2015-2016 Estimated Fund Balance
$471,958
14
2015-2016
Estimated
Fund Balance
(26'3,4501
2016-2017 Revenues
Minus Expenditures
$263,450
I
!
I
J
)
FY 2016-2017 PROPOSED EXPENDITURES
Based on total projected funding including revenues and fund balance totaling $1/826/430/ the
following expenditures are proposed forthe 2016-2017 Fiscal Year:
Proposed Expenditures
Redevelopment Category
Administration
Legal & Other Uses
Capital Improvement
Economic Development/Commercial Improvements
Residential Home Improvements
Land Acquisition
Property Management
Special Redevelopment & Technical Services
Protective Services
Operating Expenditures
General Fund Transfers
Madison Square Trust Fund
Total Estimated Expenditures
FY 2'()16-2017 Proposed Expenditures
Madison Square
Development Account,
550,090, 28%
General Fund
Transfers, $109A65,
6%
Operating
Expenditures, $21,150,
1%
Protective Services ,
$215,238, 12%
Special
Redevelopment &
Techn ical Services,
$58,500,3%
Administration,
$178,782,10%
15
Expenditure Amount
$178/782
$32,284
$63,650
$13,750
$55,000
$437/002
$91,519
$58/500
$215/238
$21,150
$109,465
$550,090
$1,826,430
Lega l & Other Uses,
Economic
Deve lopment/Commer
cia l lmprovements,
$13,750,1%
Residential Housing
Stock Improvement,
$55,000,3%
Property
Management,
$91,519,5%
Land Acquisition,
$437,00224%
2016-2017 Projected Revenues
.. " J
\
/
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
CITY OF SOUTH MIAMI TAX INCREMENT CONTRIBUTION 489,337 492,421 551,069 551,069 631,530
MIAMI-DADE COUNTY TAX INCREMENT CONTRIBUTION 535,747 526,152 598,463 598,463 685,598
TOTAL TAX INCREMENT FINANCE REVENUES 1,025,084 1,018 ,573 1,149,532 1,149,532 1,317,128
SMCRA ANNUAL RENT REVENUES 33,227 25,842 33,750 33,750 33,750
SMCRA INTEREST EARNINGS 4,881 3,594 3,250 3,594 3 ,594
FUND BALANCE (Unreserved) 391,172 187,264 120,541 132,306 395,756
FUND BALANCE (Reserved for Madison Sqaure Development) 100,000 80,478 . 76,202 76,202 76,202
jd Commons Affordable HOusing Contnbution 100,000 0 0 0 0
16
2016-2017 Expenditure Summary
)
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICAnON 2013·2014 2014-2015 2015-2016 2015-2016 2016-2017
ADMINISTRATION 191,505 202,536 211,784 211,784 178,782
LEGAL & OTHER USES 63,085 18,329 49,439 42,118 32,284
CAPITAL IMPROVEMENTS 79,051 35,235 33,000 30,000 63,650
ECONOMIC DEVELOPMENT & COMMERCiAl IMPROVEMENTS 5,114 5,001 10;250 5,593 13;750
RESiDENTIAL HOME IMPROVEMENTS 66,564 74,168 45,000 20,000 55,000
LAND ACQUISmON & PROPERTY MANAGEMENT 418,504 396,072 251,747 171,629 528,521
SPECIAL REDEVELOPMENT & TECHNICAL SERVICES 188,846 55,917 58,500 56,752 58,500
PROTECT~SER~CES 327,117 202,432 200,701 200,701 215,238
OPERATING EXPENDITURES !-~ 13,731 13,290 14,950 13,439 21,150
Gl FUND TRANSFERS 33,173 109,465 109,465 109,465 . 109,465
2015-2016 TOTAL PROPOSED NET EXPENDITURES 1,386,690 1,112,445 984,836 861,481 1,276,340
MADISON SQUARE TRUST FUND ACCOUNT 0 0 398,439 61,945 550,090
17
2016-2017 Proposed Revenue & Expenditure Budget
)
-, "~ , ; :~ ~ ---'-~'-__:_ -• " , ,-• " ', ___ ' .:, ; .• ; "'_ ". '0".. ",. __ • ''': __ " _' ". • -, _,,,'
, ' . . -' ...... ..
ACCTNO ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICAnON 2013·2014 2014-2015 2015-2016 2015-2016 2016-2017
ADMINISTRAnvE
FULl·nME AGENCY EMPLOYEE SAlARIES
1. 513-12-10 PROPERlY MANAGEMENT COORDINATOR (50% Shown for Administrative 0tJtie!;) 15,272 15;733 20,257 20~7 20;883
ADMINISTRATNE SECRETARY 29,540 32,990 34,499 34,499 1,278
COMMUNflY OUTREACH COORDINATOR (50% Shawn for Administrative Duties) 24,728 22,257 25,472 25,472 ~;26Q ,
AGENCY DIRECTOR 86,415 86,415 86,415 86,415 91,174
EMPLOYEE HEALTH CARE & BENEFITS
2. 513-21-10 ACA 10,361 12,042 12,042 12,042 10,725
3-513-22-10 PENSION 2,426 2,960 2,960 2,960 1,418
4. 513-22.:.20 DEFERRED CQMPENSATION 4,398 9,460 9,460 9 ,460 7 ,975
5. 513-23-10 INSURANCE*" ,18,094 20,206 20;206 20,206 18,049
6. ,513-24-10 WORKERSCQMP-271 473 473 473 420
PROFESSIONAL LEGAL SERVICES & OTHER USES
7. 554-31-20 PROFESSIONAl LEGAL SERVICES $47,764 0 30,000 25,000 10,000
8. 554-9~-20 OTHER USES/GENERAL CONllNGENCY $1,364 3,437 3 ,462 1,141 5,000
9. 554-99-25 BOARD MEMBER DISCRETIONARY FUNDS $5,921 7,000 7,000 7,000 7,000
10. 554-99-15 MIAMI ·DADE COUNlY 1,5% ADMINISTRATNE FEE 8,036 7,892 S,9n S,gn 10,284
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
ACCTNO ACCOUNT CLASSIFICATION
INFRASTRUCTURE & STREETSCAPE IMPROVEMENTS
11 , 541 -31-20 PROFESSIONAL SERVICES -Infrastructure Improvements 0 1.500 1,500 0 2,000
12. 541-34-50 CONTRACTUAL SERVICES -Infrastructure Improvements 24,995 15,000 15,000 15,000 41,650
13. 541-46-70 INFRASTRUCTURE· STREETSCAPE IMPROVEMENTS 0 7,950 8,000 8,000 10,000
14. 541-47-10 PRINTING AND BINDING 0 0 0 0 0
15. 541-63-40 CAPITAL PROJECTS FUNDING CONTRIBUTIONS 0 0 0 0 0
16. 541-64-50 OTHER INFRASTRUCTURE IMPROVEMENTS 0 0 0 0 0
17. 541-47-10 PRINTING AND BINDING 0 0 0 0 0
PARK IMPROVIEMENTS
18. 572-31-20 PARK IMPROVEMENTS -PROFESSIONAL SERVICES 13,081 8n 1,000 0 2,500
19. 572-34-!$0 PARK IMPROVEMENTS -CONTRACTUAL SERVICES (MuJTay Parl< Field Grant ContributlDn) 40,775 9,908 7,500 7,000 7,500 (}) 20. 572~50 PARK IMPROVEMENTS 200 0 0 a 0
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2Q17
ECONOMIC DEVELOPMENT TRAiNING & BUSINESS ASSISTANCE
21. 551-31-20 PROFESSIONAL SERVICES 0 0 1,250 500 1,250
22. 551-52-10 CONTRACTUAL SERVICES (Grea1er Miami Job Corp _""ip) 847 1,884 2,500 93 2 ,500 ·
23 : 551-21-10 FICA 78 0 0 0 0
24. 551-24-10 WORKERS COMP 0 0 0 0 0
25. 551-47-10 PRINTING AND BINDING 0 0 0 0 0
26. 551-99,.32 ECONOMIC DEVELOPMENT TRAINING PROGRAMS 0 0 1,500 1,500 2;500
2:1. 551 -99-33 SMALL BUSI":IESS ASSISTANCE GRANTS 2,239 1,250 2,500 1,000 2,500
COMMERCIAL BUSINESS IMPROVEMENTS
28. 552-31-20 COMMERCIAL FACADE GRANT REHABILATATION PROGRAM 1,950 1,867 2,500 2,500 5,000
29. 552-34-50 CONTRACTUAL SERVICES 0 0 0 0 0
30. 552-47-10 PRINTING & BINDING . 0 0 0 0 0
20
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
AFFORDABLE HOME REHABILITATION
31. 564-31-20 PROFESSIONAL SERVICES 3 ;040 0 0 0 0
32. 564-34-50 CONTRACTUAL SERVICES 0 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 38,862 44,813 25,000 0 25,000
HOUSING REHABILITATION GRANT ASSISTANCE
35. 564-99-21 MULTI-FAMILY REHABILATATION PROGRAM (1ncIudedin564-99-30) 0 0 0 0 0
36. 564-99-30 RESIDENTIAL REHABILATATION PROGRAM 24,594 24,151 20,000 20,000 30,000
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
LAND ACQUISITION
37. 583-31-20 PROFESSIONAL S.ERVICES -ResaJVad ror t.!~n Square Development Elcpeniftures 19,522 4,276 76,202 0 76,202
3B. 583-61-10 BLIGHTED PROPERTY ACQUISmON -Ra-allocaled Madison Square Land Acquisition (Une Item 8 5,960 5 ,646 0 0 360,800
PROPERTY MANAGEMENT EXPENDITURES
39. 583-31-25 AGENCY OWNED PROPERTY EXPENDITURES (Propelty T ...... lnsurance. etc) 39,964 35,996 45,235 43,500 40,000
40. 583-34-55 AGENCY OWNED PROPERTY MAINTENANCE & REPAIRS 25,019 21,001 23,861 21 ,680 23,000
PROPERTY MANAGEMENT SERVICES
41. 554-12-10 SMCRA PROPERlY MANAGEMENT COORDINATOR (50% Shown rorOperaUonai OuIieS) 22,909 23,600 20,256 20,256 20,883
42. 554-21-10 RCA 1,753 1,806 1,806 1,806 1,598
43. 554-22-20 DEFERRED COMPENSATION 1,604 1,652 1,652 1,652 1,462
44. 554-23-10 INSURANCE 3,931 4,254 4,254 4,254 4,513
45. 554-24-10 WORKERS COMPENSATION 69 71 71 71 63
DEBT SERVICE FOR SMCRA ACQUIRED PROPERTIES
71-10 ANNUAL REGIONS BANK PRINCIPAL PAYMENT $266 ,185 282,492 n ,253 n,253 0
47. 583-72-10 ANNUAL REGIONS BANK INTEREST PAYMENT I $31,588 15,280 1,157 1,157 0
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2013·2014 2014-2015 2015·2016 2015-2016 2016·2017
SPECIAL REDEVElOPMENT SERVICES
48 . 559-31-20 PROFESSIONAL SERVICES· ELDERLY CARE INITIATIVE PROGRAM 40,000 20,000 19,500 19,500 19,500
TECHNICAL ASSISTANCE PROGRAMS
49. 559-34-50 BOWMAN COUEGE SCHOLARSHIP PROGRAM 10,000 15,750 15,000 15,000 15,000
50 . 559-99-31 SUMMER YOUTH AND AFTER SCHOOL SCHOLARSHIP PROGRAMS 19,932 10,000 10,000 10,000 10,000
51 . 559-99-32 SCHOOL ASSISTANCE PROGRAM 0 0 0 0 0
, SPECIAL EVENTS & TECHNICAL SERVICES
52 . 574-12-10 SPECIAL EVENTS PlANNING & MARKETING COORDINATOR 47,542 0 0 0 0
53. 574-21-10 RCA 3,189 0 0 0 0
54. 574-22-10 PENSION 7,166 0 0 0 0
55. 574-23-10 INSURANCE 6,108 0 0 0 0
56 . 574-24-10 WORKERS COMPENSATION 84 0 0 0 0
57. 574-31 -20 PROFESSIONAL SERVICES· SPECIAL EVENTS & MARKETING 15,698 10,167 14,000 12,252 14,000
GRANT WRITING SERVICES
58. 513-12-10 GRANT WRITER 28,619 0 0 0 0
59. 51 3-21-10 RCA 2,189 0 0 0 0
60. 513-22-10 PENSION 2,003 0 0 0 0
61. 513-23-10 INSURANCE 6,239 0 0 0 0
62. 513-24-10 WORKERS COMPENSATION n 0 0 0 0
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2013·2014 2014-2015 2015-2016 2015-2016 2016·~17
PROTECTIVE SERVICES
LAW ENFORCEMENT -COMMUNITY POLICING INITlA llVES
63 . 521-12-10 SMCRAAREA SUB STAllON OFFICERS (2) 140,254 115,756 115,756 115,756 129,150
64. 521-21-10 RCA 12,068 8,855 8,855 8,855 9,880
65. 521-22-10 PENSION 30,799 21,446 21,446 21,446 .17,952
66. 521-23-10 INSURANCE 13,n5 14,180 14,180 14,180 18,050
67. 521-24-10 WORKERS COMP 4,885 5,312 5,312 5,312 5,927
CODE ENFORCEMENT
68. 554-12-10 SMCRA COMMUNllY CODE ENFORCEMENT OFACER (Cily Funded Position) 66,515 0 0 0 0
69. 554-21-10 RCA 5,651 0 0 0 0
70. 554-22-10 PENSION 9,838 0 0 0 0
71. 554-23-10 INSURANCE 9,793 0 0 0 0
72. 554-24-10 WORKERS COMP 171 0 0 0 0
(1 -PUBUC ASSISTANCE SERVICES
-10 SMCRA COMMUNITY OUTREACH COORDINATOR (50% Shawn 1Dr0perati0nal Outies) 24,728 27,203 25,472 25 ,472 26,260 73. b..
74. 569-21 -10 FICA 1,892 2,081 2,081 2,081 2,009
75. 569-22-10 PENSION 3,561 3,618 3,618 3,618 1,418
76. 569-23-10 INSURANCE 3,120 3,900 3,900 3,900 4,513
77. 569-24-10 WORKERS COMP 67 81 81 81 79
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCTNO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2015-2017
OPERATING EXPENDITtJRES
78. 554-32-10 PROFESSIONAL SERVICES -ANNUAL AUDIT 8,000 8,000 8 ,000 8,000 8,000
79. 554-34-15 OTHER CONTRACTUAL SERVICES 0 0 0 0 0
SO. 554-40-70 EMPLOYEE EDUCATION & TRAINING , TRAVEL & CONFERENCE 59 1,126 1,300 500 1,300
,81. 554-40-80 EMPLOYEE TRAINING 0 0 0 0 0
82. 554-46-31 TELEPHONE LINE SERVICE 1,244 1,154 1,250 1,250 7,250
83. 55448-50 REQUIRED LEGAL NOTICE & ADVERTISING 350 0 850 850 850
84. 55449-10 LEGAL ADS 4.18 0 0 0 0
85. 554-62-10 OPERATING SUPPLIES 2,840 2,201 2,300 2,100 2,500
86. 554-54-10 PUBLICATIONS, SUBSCRIPTIONS & MEMBERSHIPS 760 809 1,250 739 1,250
25
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ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED .
ACCTNO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 · 2016-2\117
GENERAL FUND SERVlCESlTRANSFERS
87. 581-95-00 FUEl-AELD INSPECTION CAR 800 800 800 800 800
INSURANCE -FIELD INSPECTION CAR 500 500 500 500 500
PROCUREMENT SERVICES 0 1,850 1,850 1,850 1,850
PRINTING & MAIL-OUT SERVICE 1,910 1,910 1,910 1,910 1,910
PROTECTIVE SERVICES FUEL & EQUIPMENT 3,582 1,733 1,733 1,733 1,733
SMCRA SECRETARYIC/TY CLERK SERVICES 7,096 7,096 7 ;096 7,096 7 ,096
A.NANCE 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
HUMANRESOURCESPROCE~NGSERVICES 3,050 3,050 3,050 3,050 3,050
GENERAL COUNSEL LEGAL SERVICES 26,291 26,291 26,291 26,291
COMMUNITY pooi. OPERATING CONTRIBUTION 50,000 50,000 50,000 50,000
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TOTAL NET BUDGET EXPENDITURES 1,386,622 1,107,243 984,836 861,481 1,276,340
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ACCOUNT CLASSIFICATION
88. 554-34-60 DEVELOPMENT SERVICES . R...." ... for Madison Sqi, .... Lan~Acqulsitlon & Development ~
89. 581-95-00 PROFESSIONAL SERVICES
TOTAL BUDGET EXPENDITURES
26
o o 348,439
50,000
11 ,945
50,000
1,386,622 1,107,243 1,383,275 923,426
550,090
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1,826,430
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Budget Expenditure Narrative
~mlDlovee 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
A total funding amount of $178,782 has been allocated in the 2015-2016 administrative
category for full-time salaries and benefits for administrative duties for three (3) Agency
employees including Property Management Coordinator; Community Outreach Coordinator and
Agency Director.
Note: Including salary and benefits for operational duties contained in line items 41-45 and 73-
77 in the amount of $62,798, total FY 2016-2017 administrative expe':'lditures for three (3)
SMCRA full-time employees is $241,580. Total administrative expenditures are approximately
13~2%of the FY 2016-2017 budget which falls within the required 20% administrative salary cap.
Total Administrative Category Exp~ndltures -$178,782
Professional Leial Services
• SMCRA Budget Une Item No.7 -(Professional Legal Services) -Account No. 554-31-20
A total amount of $10,000 has been allocated 'in the legal services category for land-use services
required for Madison Square project planning. Additional funding has been provided for remaining
legal services associated with the condominium conversion of the SMCRA Business & Community
Service facility.
Other Uses/General Contingency
• SMCRA Budget Line Item No.8 -(Other Uses/General Contingency) -Account No. 554-99-20
A total amoun't of $5,000 has been allocated for unanticipated expenditures including potential '
building/property repairs aSSOciated with 'storm damage.
Board Member Disaetionary Funds
• SMCRA Budget Une Item No.9 -(Board Member Discretionary Funds) -Account No. 554-99-25
A total amount of $7,000 is allocated in the Board Member discretionary fund category as part of
the SMCRA special needs program. Each of the seven (7) SMCRA Board Members may allocate a
total amount of $1,000 annually in of support of bene~cial community service projects.
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 $10,284 has been allocated in the FY 2015-2016 Budget for the required Miami-
Dade, County administrative fee assessed to all Community Redevelopment Agencies operating in
Miami-Dade County.
Total Legal Services & Other Uses Expenditures -$32,284
27
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 $53,650 has been allocated in the FY 2015-2016 infrastructure
improvement category for continued SMCRA area infrastructure improvements including a prior
year reimbursement approved reimbursement to the City of South Miami in the amount of $21,650
for approximately 50% of the sidewalk tripping hazard repairs in the SMCRA area; and an additional
$32,000 for capital improvement identified infrastructure improvements in the SMCRA area.
Park Improvements
• SMCRA Budget Une Item 18-20 -(Park Improvements) -Account No. 572-31-20; 572-34-50;
572-64-50.
A total amount of $10,000 has been allocated in the FY 2015-2015 park improvement category
for additional park improvements in the Marshall Williamson Park and Murray Park locations.
Total Capital Improvement Expenditures -$63,650
Small Business Assistance Grants & Economic Development Training
• SMCRA Budget Une 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 total funding amount of $13,750 has been allocated in the economic development commercial
improvement account including $1,250 for employment training sessions in conjunction with the
Employ Miami-Dade program; $2,500 for the Greater Miami Service Corp. residential
rehabilitation and youth training partnership program; $2,500 for economic development and
business training sessions; and $2,500 for small business assistance grants; and $5,000 for
commercial building repai~ as part of the commercial faQade rehabilitation program.
Total tapitallmprovement Expenditures -$13,750
Affordable Housing Rehabilitation
• SMCRA Budget Une Item 34. 36 -(Affordable Housing Rehabilitation) -Account No . 564-99-35;
564-99-30.
A total amount of $55,000 has been allocated in the affordable housing improvement category
including; $25,000 in homeowner assistance funding for the purchase of one new L.E.E.D.
certified home at 6179 SW 62nd Terrace; and $30,000 for continued rehabilitation of the SMCRA \
are housing stock as part of the residential rehabilitation program. )
Total Residential Housing Improvement Expenditures -$55,000
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Professional Services & Land Acquisition
• SMCRA Budget Une Item 37. 38-(Professional Services & Land Acquisition) -Account No. 583-
31-20; 583-61-10.
A total amount of $437,002 has been alloca~ed in the land acquisition and professional services
category including: $76,202 as a reserved grant funding for Madison Square related project
development expenditures; and $360,800 for land acquisition and legal closing services
required to purchase blighted residential parcels for single-family home development.
Total Professional Services Land AcquisitiQn Expenditures -$437,002
Property Management Expenditures
• SMCRA Budget Line Item 39-40 -(Property Management Expenditures) -Account No. 583-31-25;
583-34-55.
A total amount of $63,000 has been allocated .in the property management category including
$40,000 for annual property and liability insurance for eighteen (18) Agency owned vacant and
improved properties; required lawn maintenance services the above referenced eighteen (18)
Agency properties; annual Miami-Dade County property taxes for the Agency operated Business &
Community Service Facility and required annual housekeeping services for the Business &
f.~-Community Facility; and $23,000 for annual building maintenance, repairs for properties located
\J. at 6415 SW 60th Avenue, 6429 SW 60th Avenue and 5825 SW 68th Street including prorated
charges for building electric and water utility services.
Total Property Management Expenditures -$63,000
Property Management Services
• SMCRA Budget Une 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 $28,519 has been allocated in the property management category for
remaining full-time salary and benefits for the SMCRA Property Management Coordinator for
operational duties including building repair supervision and building inspection of Agency
operated rental facilities at 6415 SW 60th Avenue, 6429 SW 60th Avenue and 5825 SW 68th
~~. .
Total Property Management Services Expenditures -$28,519
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.
Debt service accounts satisfied in 2015-2016 (no current-year funding allocation).
Total Debt Expenditures -$0
29
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 in the special redevelopment
and technical services category for annual elderly care services provided in the SMCRA area by
the Thelma Gibson Health Organization at 6701 SW 62 nd 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 in the special redevelopment and technical
services category for scholarship programs promoted within the adopted redevelopment plan
including $15,000 for payments were the James T. Bowman Scholarship Program and $10,000
for the annual After School and Summer Scholarship 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 in the special redevelopment and technical
services category for economic development generating special events in the SMCRA area
including the annual IVILK/Black History Parade and related annual economic development
generating events.
Total Special Redevelopment & Technical Services Expenditures -$58,500
Protective Services
• SMCRA Budget Une 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 $180,959 has been allocated in the 2015-2016 protective services category
for adopted redevelopment plan encouraged community policing support for two SCMRA area
community policing officers including Police Athletic League (PAL) coordinator.
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 $34,279 has been allocated in the budget for salary and benefits for the
SMCRA Outreach Coordinator for operational duties including construction management for
Board approved residential and commercial rehabilitation and new construction projects ..
Total Protective Services Expenditures -$215,238
30
l
/
• SMCRA Budget Une 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; 554-02-10; and 554-5410.
A total amount of $21,150 has been allocated in the 2015-2016 operating expenditure category
for required annual auditing services, travel and training, Shortel phone line installation, required
legal advertising, office supplies, publications, subscriptions and memberships.
Total Property Operating Expenditures -$21,150
General Fund Transfers
• SMCRA Budget Une 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 gasoline and
automobile insurance for City assigned field vehicle, SMCRA Secretary services, City Attorney
services, Planning land-use amendment and zoning services and SMCRA area community pool
operating supply contribution.
Total General Fund Transfer Expenditures -$109,465
Madison Square Trust Fund
• SMCRA Budget Une Item 88 -(Madison Square Trust Fund Account)
A total amount of $550,090 has been allocated in the 2015-2016 budget for land acquisition
and development expenditures associated with· the Madison Square mixed-use, affordable
housing project. . .
• SMCRA Budget Line Item 89 -(Madison Square Trust Fund Account)
No current year funding allocation provided.
31
FY 2016-2017 Miami-Dade County Formatted Budget
)
South Miami Community Redevelopment Agency
FY 2015-2016 Budget -Miami-Dade County Format
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32
SMCRA Board Approved Resolution 68-16-943
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RESOLUTION NO. CRA 68-16-943
A resolution of the South Miami Community Redevelopment
Agency adopting the annual budget for Fiscal Year beginning
October 1, 2016 and ending September 30, 2017; approving
expenditure of funds and authorizing the Agency to transmit the
budget to Miami-Dade County for final approval.
WHEREAS, according to Florida Statutes 163 requirements, the Community
Redevelopment Agency is required to adopt an annual revenue and expenditure
budget; and
WHEREAS, the adopted budget is additionally required to be approved by the
Board of Miami-Dade County Commissioners; and
WHEREAS, the proposed budget was initially reviewed by the Board during a
September 12, 2016 budget workshop; and
WHEREAS, following the budget workshop, budget amendments including
reductions in the ad~inistrative expenditure category and funding increases in the
residential rehabilitation category have been incorporated in the FY 2016-2017
Budget; and
WHER~, total projected revenues for FY 2016-2017 including a prior year
fund balance, are estimated to be $1,826,430; and
WHEREAS, corresponding expenditures in an equal amount have been
including in the FY 2016-2017 Budget; and
WHEREAS, the SMCRA Board desires to comply with Florida Statutes and
inter-local agreement requirements including approval of an annual revenue and
expenditure budget for Fiscal Year 2016-2017 ..
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
adoption of the annual budget for Fiscal Year beginning October 1, 2016 and ending
September 30, 2017; authorizing the expenditure of funds and transmittal of the
budget to Miami-Dade County for final approval.
Section 2. This resolution shall take effect immediately upon adoption.
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Res. No. eRA 68-16-943
PASSED AND ADOPTED this 17th day of October, 2016. ~\
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ATTEST: APPROVED:
Board Vote: 5-2
Chair Stoddard: Nay
Vice Chair Welsh: Yea
Member Harris: .Yea
Member Liebman: Nay
Member Edmond: Yea
Member Kelly: Yea
Member Jackson: Yea
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