1.THE CITY OF PLEASANT LIVING
To:
Via:
FROM:
DATE:
RESOLUTION:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The Honorable Mayor & Members of the City Commission
Steven Alexander, City Manager
Stephen David, SMCRA Director
March 1, 2017 Agenda Item No.:i
AMENDED VERSION
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 to Miami-Dade County for final approval.
BACKGROUND:
Based on Florida Statutes and inter-local agreement requirements, the South Miami
Community Redevelopment Agency is required to approve an annual revenue and expenditure
budget. In order to comply with this requirement, the Board approved the FY 2016-2017
SMCRA Budget on October 17, 2017 (See Exhibit A). Following SMCRA Board approval, the
annual budget typically proceeds to the South Miami City Commission for budget ratification.
The budget is then transmitted to the Miami-Dade Board of County Commissioners for final
approval.
On December 20, 2016, the City Commission approved the FY 2016-2017 SMCRA Budget with
significant budget amendments. However, the budget amendments initiated by the City
Commission were not signed-off on by South Miami City Attorney. Based on the fact that
Miami-Dade County requests budget approvals from both the SMCRA Board and City
Commission, a solution to the current impasse is required to continue with planned
redevelopment activities.
RECOMMENDATION:
SMCRA 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 transmit the budget to Miami-Dade County for final approval. A copy of the SMCRA Board
approved budget package is attached as Exhibit A.
ATTACHMENTS:
SMCRA Board Approved FY 2016-2017 Budget
Draft Resolution
2 RESOLUTION NO. ____ _
3
4 A Resolution approving the annual South Miami Community
5 Redevelopment Agency budget for Fiscal Year beginning October 1, 2016
6 and ending September 30, 2017; approving the appropriations and
7 anticipated expenditure of the funds and authorizing the Agency to
8 transmit the budget to Miami-Dade County for final approval.
9 WHEREAS, Florida Statutes Chapter 163 guidelines require that community
10 redevelopment agencies operating in the State of Florida to adopt an annual revenue and
11 expenditure budget; 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 were made to the budget,
18 including funding reductions in the administrative category and increases in the Madison
19 Square development account; and
20 WHEREAS, the SMCRA Board approved FY 2016-2017 budget contains annual
21 revenues totaling $1,317,128, rent revenues and interest earnings totaling $37,344 and cash
22 carry-over revenues totaling $471,958; and
23 WHEREAS, total contemplated FY 2016-2017 expenditures are $1,826,430; and
24
25 WHEREAS, the City Commission desires to adopt the budget approved by the SMCRA
26 Board for Fiscal Year 2016-2017.
27
28 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE
29 CITY OF SOUTH MIAMI, FLORIDA:
30
31 Section 1: The above recitals are true and correct and are incorporated herein by
32 reference.
33
34 Section 2: The South Miami Community Redevelopment Agency budget for Fiscal Year
35 beginning October 1, 2016 and ending September 30, 2017, a copy of which is attached
36 hereto and made a part hereof by reference, is hereby approved and adopted.
37
38 Section 3: The budget shall be transmitted to Miami-Dade County pursuant to the,
39 County's Inter-local Cooperation Agreement with the City of South Miami.
40
41
42
Section 4: The funds appropriated in the budget may be expended in accordance with
43 the provisions of the budget, the Community Redevelopment Plan, and as authorized by the
44 law.
45
46 Section 5: If any section clause, sentence, or phrase of this resolution is for any reason
47 held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not
48 affect the validity of the remaining portions of this resolution.
49
50 Section 6: This resolution shall become effective immediately upon adoption by vote
51 of the City Commission.
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
PASSED AND ADOPTED this __ day of March, 2017.
69
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 Approved FY 2016-2017 Budget
"Making our Neighborhood a Great Place to Live, Work and Play "
OITY or 'OUTH IIIAIiI
COIIIIUIITY
REDIYEIOPIIEIT AGEICY
"1016-1117
ADOPTED BUDGET
Sout~iami October 17, 2016
n Ir CITY OF 1'1 ri\~."N l 1 I\,I 10; r ;
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 Accomplishments .......................................................................... 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 land acquisition efforts are currently underway. As a result' of
these Board endorsed initiatives, private development interest increased during the latter half of
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,!deration.
Respect ully SUbmitt~~
e , ~or
1
SMCRA ASSESED AREA VALUE
Since it's inception, the South Miami Community Redevelopment Area has significantly increased in
taxable value over time. As indicated below, since the base year value of $69,238,058 , the area value
has increased to a preliminary 2015 assessment estimate of $368,901,307 . Annual TIF revenue
contributions are based on annual increases in area assessed value .
400000000
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Assessment Year Assessed Value
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
$368,901 ,307 (Preliminary 2015 Assessment)
$315,178,793
$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 Assessment)
SMCRA Ass esse d Ar ea Valu e
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2
CITY OF SOUTH MIAMI & SMCRA AREA ASSESED VALUES
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City of South Miami Assessed Value Map c:::I . Community 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 ,202,
37%
FY 2014-2015 End of Year Audited Fund Balance
$208,508
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
$598,463
$551,069
$33,750
$3,594
Total Estimated Revenues $1,186,876
50% Tax Increment
Contribution (City),
$551,069, 47%
FY 2015-2016 Estimated Revenues
$1,186,876
Rent Revenues,
$33,750,3%
5
Interest Earnings,
$3,594,0%
50% Tax Increment
Contribution
(County), $598,463,
50%
2015-2016 ESTIMATED EXPENDITURES
Based on total estimated revenues in the amount of $1,186,876, the following estimated
expenditures were incurred during FY 2015-2016:
Estimated 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
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 -$923,426
General Fund
Transfers, $109,465,
12%
Operating
Expenditures, $13,439,
1%
Protective Services,
$200,701, 22%
Madison Square
Development Account
$61,945,7%
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%
Capital Improvements,
$30,000,3%
Economic
Development/Commer
ciallmprovements,
$5,593,1%
Residential Housing
Stock Improvement,
$20,000,2%
FY 2015-2016 ESTIMATED END OF YEAR FUND BALANCE
Fund Balance Breakdown Amount
2015-2016 Fund Balance -Revenues ($1,186,876) Minus Expenditures (-$923,426) $263,450
2014-2015 Audited Fund Balance (Unexpended) $208,508
Total Estimated 2015-2016 Fund Balance $471,958
2014-2015 Audited
Fund Balance
(Rese rved), $76,202,
16%
2014-2015
Audited
Fund
Balance
($208,508)
2014-2015 Audited
Fund Balance
(Unreserved),
$132,306, 28%
FY 2015-2016 Estimated Fund Balance
$471,958
7
2015-2016
Estimated
Fund Balance
(263,450)
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 continued
to facilitate much needed small business development and community service
opportunities in this SMCRA constructed facility located at 5825 SW 68 th Street, South
Miami, FL.
.. ..:..::.,::., .-.-~ :~::;--':'-'.;'-
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 completion of critical sidewalk
tripping hazards throughout the community redevelopment area including a required
funding reimbursement to the City of South Miami for 50% of the 2016 repairs.
Sidewalk Tripping Hazzard Repair Work (SW 68 th St.) Completed Sidewalk Tripping Hazzard Repairs (SW 61 st Ct.)
8
FY 2015-2016 REDEVELOPMENT ACCOMPLISHMENTS
(Capital Improvements}
During the later half of 2015-2016, the Board authorized infrastructure
improvement funding in the amount of $8,960 to restore existing intersection
crosswalks at SW 64th St. and SW 59 th Place. Following Miami-Dade County traffic
approval, this existing safety concern shall be mitigated for 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 authorized funding in the amount of
$20,000 to facilitate continued housing stock improvements in throughout the
community redevelopment area. The vast majority of the homes improved
required major structural repair of substantially damaged exterior roofing .
Roof Repair Under Construction (6335 SW 59 th Avenue) Roof Repair Under Construction (6091 SW 63 RD Street)
9
FY 2015-2016 REDEVELOPMENT ACCOMPLISHMENTS
(Affordable Housing Construction)
Construction of the sixth L.E.E.D . certified affordable home commenced during
2015-2016. This undersized parcel will soon yield an additional high quality, energy
efficient, affordable home for an SMCRA area resident. Current development
, partners, the Miami Dade Affordable Housing Foundation have expressed a desire
to develop additional blighted parcels in the SMCRA area.
L.E.E.D. Certified Home Foundation Construction L.E.E.D. Certified Home 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 fac;ade grant agreement with the Fellowship House to
enhance existing exterior security lighting and related fac;ade improvements along
an existing SMCRA commercial corridor.
Existing Commercial Fa~ade Before Conditions Existing Commercial Fa~ade Before Conditions
10
FY 2015-2016 REDEVELOPMENT ACCOMPLISHMENTS
(Affordable Housing Construction Financing Initiative)
During the 2015-2016 Fiscal Year, the Board continued to pursue required
construction financing needed to construct the Madison Square mixed-use,
affordable housing project. During the beginning of the fiscal year, the Board
allocated a portion of the required gap financing needed to development the
project. The Board also authorized necessary increases in project density and
supplemental land acquisition to enhance project development interest.
Proposed Madison Square Developm ent Sc enar io
SW 61" CO llrl, SO lllh Mil/m i, Florid,?
Board Approved Land Acquisition & Rezoning Strategy Board Endorsed Townhome Development Type (Site 3)
(Special Redevelopment & Technical Services)
Special Events
During FY 2015-2016, the Board continued to support meaningful, economic
development related special events in the SMCRA area including the annual
MLK/Black History Parade and the Juneteenth historic events .
2016 MLK/Black History Parade Performers 2016 MLK Parade City Commission 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
$44,500 in the special redevelopment and technical services category to assist in
providing elderly care services and academic scholarships for local SMCRA area residents.
Elderly care services are currently provided by the Thelma Gibson Health organization
and SMCRA scholarships include the James T. Bowman Scholarship and the Summer and
After School program scholarships.
Former Bowman Recipient & Current College Graduate South Miami Senior Center Elderly Care Service Center
(Community Policing Initiative)
The community redevelopment plan encourages the Agency to fund policing programs in
the community redevelopment area. The importance of establishing meaningful
community relations has become evident in today's society. The Board continues to
support the goals of objectives of meaningful community policing. As a result of this
community policing effort, two dedicated community officers have played a critical role in
maintaining excellent relations with redevelopment area residents.
SMPD Q
Q SMPD
~
SMCRA Area Community Officer SMCRA Board Endorsed P.A.L. Organization
12
SMCRA Area Community Officer
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
$3,594
$1,354,472
FY 2016-2017 Projected Revenues
$1,354,472
Tax Increment
Contribution (City),
$631,530,47%
Rent Revenues,
$33,750,2%
13
Interest Earnings,
$3,594,0%
Tax Increment
Contributlon(County),
$685,598, 51%
FY 2015-2016 ESTIMATED FUND BALANCE
Fund Balance Source Amount
2014-2015 Audited Fund Balance (208,508) + 2015-2016 Estimated Fund Balance (263,450) = $471,958
2014-2015 Fund
Balance (Reserved),
$76,202
2014-2015
Audited
Fund
Balance
($208,508)
2014-2015 Fund
Balance (Unreserved),
$132 ,306
2015-2016 Estimated Fund Balance
$471,958
14
2015-2016
Estimated
Fund Balance
(263,450)
2016~2017 Revenues
Minus Expenditures
$263,450
I
FY 2016-2017 PROPOSED EXPENDITURES
Based on total projected funding including revenues and fund balance totaling $1/826,430/ the
following expenditures are proposed for the 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 2016-2017 Proposed Expenditures
Madison Square
Development Account,
550,090, 28%
General Fund
Transfers, $109,465,
6%
Operating
Expenditures, $21,150,
1%
Protective Services,
$215,238, 12% Technical 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
Legal & Other Uses,
$32,284,2%
Economic
Development/Commer
ciallmprovements,
$13,750,1%
Residential Housing
Stock Improvement,
$55,000,3%
Property
Management,
$91,519,5%
Land Acquisition,
$437,002 24%
I
I
2016-2017 Projected Revenues
FY 2016·2017 PROJECTED FUNDING SOURCES
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
SMCRAANNUALRENTREVENUES 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
Red Road Commons Affordable Housing Contribution 100,000 ° ° ° 0
TOTAL PROJECTED FY 2016-2017 REVENUES 1,654,364 1,315,751 1,383,275 1,395,384 1,826,430
16
2016-2017 Expenditure Summary
IFY 2015-2016 EXPENDITURE SUMMARY
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICATION 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 ACQUISITION & 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
PROTECTIVE SERVICES 327,117 202,432 200,701 200,701 215,238
OPERATING EXPENDITURES 13,731 13,290 14,950 13,439 21,150
GENERAL 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
2015-2016 TOTAL PROPOSED EXPENDITURES 1,386,690 1,112,445 1,383,275 923,426 1,826,430
17
2016-2017 Proposed Revenue & Expenditure Budget
ADMINISTRATIVE, LEGAL & OTHER USES
ACCT NO ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCOUNT CLASSIFICATION 2013·2014 2014·2015 2015·2016 2015·2016 2016·2017
ADMINISTRATIVE
FULL·TIME AGENCY EMPLOYEE SALARIES
1. 513-12-10 PROPERTY MANAGEMENT COORDINATOR ( 50% Shown for Administrative Duties) 15,272 15,733 20,257 20,257 20,883
ADMINISTRATIVE SECRETARY 29,540 32,990 34,499 34,499 1,278
COMMUNITY OUTREACH COORDINATOR (50% Shown for Administrative Duties) 24,728 22,257 25,472 25,472 26,260
AGENCY DIRECTOR 86,415 86,415 86,415 86,415 91,774
EMPLOYEE HEALTH CARE & BENEFITS
2. 513-21-10 FICA 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 COMPENSATION 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 WORKERS COMpo, 271 473 473 473 420
TOTAL ADMINISTRATION 191,505 202,536 211,784 211,784 178,782
PROFESSIONAL LEGAL SERVICES & OTHER USES
7. 554-31-20 PROFESSIONAL LEGAL SERVICES $47,764 0 30,000 25,000 10,000
8. 554-99-20 OTHER USES/GENERAL CONTINGENCY $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 COUNTY 1.5% ADMINISTRATIVE FEE 8,036 7,892 8,977 8,977 10,284
TOTAL LEGAL SERVICES & OTHER USES $63,085 18,329 49,439 42,118 32,284
18
CAPITAL IMPROVEMENTS
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
A~CTNO 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-STREETSCAPEIMPROVEMENTS 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 IMPROVEMENTS
18. 572-31-20 PARK IMPROVEMENTS -PROFESSIONAL SERVICES 13,081 877 1,000 0 2,500
19. 572-34-50 PARK IMPROVEMENTS -CONTRACTUAL SERVICES (Murray Park Field Grant Contribution) 40,775 9,908 7,500 7,000 7,500
20. 572-64-50 PARK IMPROVEMENTS 200 0 0 0 0
TOTAL CAPITAL IMPROVEMENTS 79,051 35,235 33,000 30,000 63,650
19
ECONOMIC DEVELOPMENT & COMMERCIAL IMPROVEMENTS
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
ECONOMIC DEVELOPMENT TRAINING & BUSINESS ASSISTANCE
21. 551-31-20 PROFESSIONAL SERVICES 0 0 1,250 500 1,250
22. 551-52-10 CONTRACTUAL SERVICES (Greater Miami Job Corp Partnership) 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
27. 551-99-33 SMALL BUSINESS 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
TOTAL ECONOMIC DEVELOPMENT & COMMERCIAL IMPROVEMENTS 5,114 5,001 10,250 5,593 13,750
20
RESIDENTIAL HOUSING IMPROVEMENTS
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO 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 (Included in 564·99·30) 0 0 0 0 0
36. 564-99-30 RESIDENTIAL REHABILATATION PROGRAM 24,594 24,151 20,000 20,000 30,000
TOTAL RESIDENTIAL HOUSING IMPROVEMENTS $66,496 68,964 45,000 20,000 55,000
21
LAND ACQUISITION, PROPERTY MANAGEMENT
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
LAND ACQUISITION
37. 583-31-20 PROFESSIONAL SERVICES -Reserved for Madison Square Development Expenditures 19,522 4,276 76,202 0 76,202
38. 583-61-10 BLIGHTED PROPERTY ACQUISITION -Re·allocated Madison Square Land Acquisition (Line Item 8 5,960 5,646 0 0 360,800
PROPERTY MANAGEMENT EXPENDITURES
39. 583-31-25 AGENCY OWNED PROPERTY EXPENDITURES (Property Taxes. Insurance. 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 PROPERTY MANAGEMENT COORDINATOR (50% Shown for Operational Duties) 22,909 23,600 20,256 20,256 20,883
42. 554-21-10 FICA 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
46. 583-71-10 ANNUAL REGIONS BANK PRINCIPAL PAYMENT $266,185 282,492 77,253 77,253 0
47. 583-72-10 ANNUAL REGIONS BANK INTEREST PAYMENT $31,588 15,280 1,157 1,157 0
TOTAL LAND ACQUISITION $418,504 396,074 251,747 171,629 528,521
22
SPECIAL REDEVELOPMENT & TECHNICAL SERVICES
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO 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 COLLEGE 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 FICA 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. 513-21-10 FICA 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 77 0 0 0 0
TOTAL SPECIAL REDEVELOPMENT & TECHNICAL SERVICES 188,846 55,917 58,500 56,752 58,500
23
PROTECTIVE SERVICES & CODE ENFORCEMENT
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016 2016-2017
PROTECTIVE SERVICES
LAW ENFORCEMENT -COMMUNITY POLICING INITIATIVES
63. 521-12-10 SMCRAAREA SUB STATION OFFICERS (2) 140,254 115,756 115,756 115,756 129,150
64. 521-21-10 FICA 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 13,775 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 COMMUNITY CODE ENFORCEMENT OFFICER (City Funded Position) 66,515 0 0 0 0
69. 554-21-10 FICA 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
PUBLIC ASSISTANCE SERVICES
73. 569-12-10 SMCRA COMMUNITY OUTREACH COORDINATOR (50% Shown for Operational Duties) 24,728 27,203 25,472 25,472 26,260
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 CaMP 67 81 81 81 79
TOTAL PROTECTIVE SERVICES & CODE ENFORCEMENT 327,117 202,432 200,701 200,701 215,238
24
OPERATING EXPENDITURES
ACTUAL ACTUAL BUDGET ESTIMATE PROPOSED
ACCT NO ACCOUNT CLASSIFICATION 2013·2014 2014·2015 2015·2016 2015·2016 2016·2017
OPERATING EXPENDITURES
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
80. 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. 554-48-50 REQUIRED LEGAL NOTICE & ADVERTISING 350 0 850 850 850
84. 554-49-10 LEGAL ADS 478 0 0 0 0
85. 554-52-10 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
TOTAL OPERATING EXPENDITURES 13,731 13,290 14,950 13,439 21,150
25
GENERAL FUND TRANSFERS
ACTUAL ACTUAL BUDGET ESTIMATE
ACCT NO ACCOUNT CLASSIFICATION 2013-2014 2014-2015 2015-2016 2015-2016
GENERAL FUND SERVICESITRANSFERS
87. 581-95-00 FUEL -FIELD INSPECTION CAR 800 800 800 800
INSURANCE -FIELD INSPECTION CAR 500 500 500 500
PROCUREMENT SERVICES 0 1,850 1,850 1,850
PRINTING & MAIL-OUT SERVICE 1,910 1,910 1,910 1,910
PROTECTIVE SERVICES FUEL & EQUIPMENT 3,582 1,733 1,733 1,733
SMCRA SECRETARY/CITY CLERK SERVICES 7,096 7,096 7,096 7,096
FINANCE DEPARTMENT RENT COLLECTION & ACCOUNTING 4,490 4,490 4,490 4,490
LAND-USE CHANGE & ZONING ADMINISTRATION -PLANNING DEPARTMENT 3,800 3,800 3,800 3,800
CITY MAPPING & PRINTING SERVICES (GIS) 7,945 7,945 7,945 7,945
HUMAN RESOURCES PROCESSING SERVICES 3,050 3,050 3,050 3,050
GENERAL COUNSEL LEGAL SERVICES 26,291 26,291 26,291
COMMUNITY POOL OPERATING CONTRIBUTION 50,000 50,000 50,000
TOTAL GENERAL FUND SERVICESITRANSFERS 33,173 109,465 109,465 109,465
TOTAL NET BUDGET EXPENDITURES 1,386,622 1,107,243 984,836 861,481
MADISON SQUARE LAND ACQUISITION & DEVELOPMENT ACCOUNT
ACCOUNT CLASSIFICATION
88. 554-34-60 DEVELOPMENT SERVICES· Reserved for Madison Square Land Acquisition & Development Expenditures
89. 581-95-00 PROFESSIONAL SERVICES
TOTAL MADISON SQUARE LAND ACQUISITION & DEVELOPMENT ACCOUNT
TOTAL BUDGET EXPENDITURES
26
o o
o o
348,439
50,000
$398,439
11,945
50,000
$61,945
1,386,622 1,107,243 1,383,275 923,426
PROPOSED
2016-2017
800
500
1,850
1,910
1,733
7,096
4,490
3,800
7,945
3,050
26,291
50,000
109,465
1,276,340
550,090
o
$550,090
1,826,430
Budget Expenditure Narrative
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
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 expenditures 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 Expenditures -$178,782
Professional Legal Services
• SMCRA Budget Line 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 amount of $5,000 has been allocated for unanticipated expenditures including potential
building/property repairs associated with storm damage.
Board Member Discretionary Funds
• SMCRA Budget Line 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 beneficial 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 Line 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 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 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 repairs as part of the commercial fagade rehabilitation program.
Total Capital Improvement Expenditures -$13,750
Affordable Housing Rehabilitation
• SMCRA Budget Line 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
28
Professional Services & Land Acquisition
• SMCRA Budget Line Item 37, 38 -(Professional Services & Land Acquisition) -Account No. 583-
31-20; 583-61-10.
A total amount of $437,002 has been allocated 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 Acquisition 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 &
Community Facility; and $23,000 for annual building maintenance, repairs for properties located
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 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 $28,519 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
Street.
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 MLK/Black History Parade and related annual economic development
generating events.
Total Special Redevelopment & Technical Services Expenditures -$58,500
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 $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 (P.A.L.) 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
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 $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 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 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 Line 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
32
SMCRA Board Approved Resolution 68-16-943
33
RESOLUTION NO. eRA 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 administrative expenditure category and funding increases in the
residential rehabilitation category have been incorporated in the FY 2016-2017
Budget; and
WHEREAS, 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 I, 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.
Page 1 of2
Res. No. eRA 68-16-943
PASSED AND ADOPTED this 17th day of October, 2016.
ATIEST: 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
Page 2 of2