Resolution 2024-33396 •
RESOLUTION NO. 2024-33396
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE SECOND
AMENDMENT TO THE FISCAL YEAR 2024 OPERATING BUDGET
FOR THE NORTH BEACH COMMUNITY REDEVELOPMENT AREA.
WHEREAS, in accordance with Section 189.016, Florida Statutes, the governing
body of the North Beach Community Redevelopment Agency, operating as a special
district, is required to adopt a budget by resolution each fiscal year and may amend the
budget at any time, but not later than within 60 days following the end of the fiscal year;
and
WHEREAS, the operating budget for the North Beach Community
Redevelopment Area for Fiscal Year (FY) 2024 was adopted by the Mayor and City
Commission of the City of Miami Beach on September 27, 2023, through Resolution No.
2023-32789, and also adopted by the Chairperson and Board of Directors of the North
Beach Community Redevelopment Agency on September 27, 2023, through Resolution
No. 012-2023; and
WHEREAS, the First Amendment to the North Beach Community
Redevelopment Area operating budget for FY 2024 was adopted by the Mayor and City
Commission of the City of Miami Beach on November 28, 2023, through Resolution No.
2023-32839, and also adopted by the Chairperson and Board of Directors of the North
Beach Community Redevelopment Agency on November 28, 2023, through Resolution
No. 014-2023; and
WHEREAS, the operating budget and First Amendment to the North Beach
Community Redevelopment Area operating budget for FY 2024 was adopted by the
Miami-Dade County Board of County Commissioners on June 4, 2024, through
Resolution No. R-490-24; and
WHEREAS, pursuant to Section 163.387, Florida Statutes, on the last day of the
fiscal year of the community redevelopment agency, any money which remains in the
trust fund after the payment of expenses may be appropriated to a specific
redevelopment project pursuant to an approved community redevelopment plan; and
WHEREAS, based on the preliminary FY 2024 year-end analysis for the North
Beach Community Redevelopment Area operating budget, which includes the proposed
realignment of funding budgeted between various projects and programs, it is
recommended by the Administration that the total surplus of $2,475,000 comprised of
$2,407,000 of unspent appropriations in the FY 2024 North Beach Community
Redevelopment Area operating budget and $68,000 in interest income that was accrued
in FY 2024, be set aside for projects and programs that were budgeted in FY 2024 that
• have not been completed and carried forward and appropriated in the respective FY
2025 North Beach Community Redevelopment Area operating budget; and
WHEREAS, pursuant to the Interlocal Agreement dated October 4, 2021,
between the City of Miami Beach, Miami-Dade County, and the North Beach
Community Redevelopment Agency, the City Commission must approve any
amendment to the annual budget.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that following a duly
noticed public hearing on November 20, 2024, the Mayor and City Commission' hereby
adopt the Second Amendment to the North Beach Community Redevelopment Area
operating budget for FY 2024 as set forth in the attached Exhibit "A."
PASSED and ADOPTED this 020 day of /Joe/ern 6,Pr/ , 2024.
ATTEST:
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Steven Meiner, Mayor
RafaelAnado, Secretary
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Exhibit "A"
City of Miami Beach
North Beach Community Redevelopment Area
Operating Budget
FY 2024 2nd Budget FY 2024
Amended Budget Amendment Revised Budget
Revenues and Other Sources of Income •
Tax Increment-City $ 1,082,000 $ 1,082,000
Tax Increment-County $ 851,000 $ 851,000
Fund Balance/Prior Year Surplus $ 863,000 $ 863,000
TOTAL REVENUES $ 2,796,000 $ - $ 2,796,000
Admin/Operating Expenditures
CMB Administration $ 44,000 $ (13,700) $ 30,300
County Admin Fee $ 13,000 $ 13,000
Total Admin/Operating Expenditures $ 57,000 $ (13,700) $ 43,300
Project Expenditures
Small Business Development $ 80,000 $ (77,000) $ 3,000
Beautification $ 1,049,000 $ (1,019,000) $ 30,000
Arts&Culture $ 135,000 $ (128,300) $ 6,700
Enhanced Services
Community Policing $ 186,000 $ (5,000) $ 181,000
Code Compliance $ 100,000 $ (28,000) $ , 72,000
Community Cleanliness $ 100,000 $ (47,000) $ 53,000
Total Project Expenditures $ 1,650,000 $ (1,304,300) $ 345,700
Reserves,Debt Service and Other Obligations
Set-aside for Affordable&Workforce Housing $ 298,000 $ 1,318,000 $ 1,616,000
Set-aside for Future Projects $ 791,000 $ 791,000
Total Reserves,Debt Service&Other Obligations $ 1,089,000 $ 1,318,000 $ 2,407,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 2,796,000 $ . - $ Z796,000
SURPLUS/(GAP) $ - $ - $ -
Resolutions— R7 B
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, City Manager
DATE: November 20, 2024 10:05 a.m. Public Hearing
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE SECOND AMENDMENT TO THE
FISCAL YEAR 2024 OPERATING BUDGET FOR THE NORTH BEACH
COMMUNITY REDEVELOPMENT AREA. JOINT CITY COMMISSION AND
NBCRA
RECOMMENDATION
The City Administration recommends adopting this Resolution.
BACKGROUND/HISTORY
In accordance with Section 189.016, Florida Statutes, the governing body of the North Beach
Community Redevelopment Agency, operating as a special district, is required to adopt a budget
by resolution each fiscal year and may amend the budget at any time, but not later than within 60
days following the end of the fiscal year.
The operating budget for the North Beach Community Redevelopment Area for Fiscal Year (FY)
2024 was adopted by the Mayor and City Commission of the City of Miami Beach on September
27, 2023, through Resolution No. 2023-32789, and also adopted by the Chairperson and Board
of Directors of the North Beach Community Redevelopment Agency on September 27, 2023,
through Resolution No. 012-2023.
The First Amendment to the North Beach Community Redevelopment Area budget for FY 2024
was adopted by the Mayor and City Commission of the City of Miami Beach on November 28,
2023, through Resolution No. 2023-32839, and also adopted by the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency on November 28,2023, through
Resolution No. 014-2023.
The operating budget and First Amendment to the North Beach Community Redevelopment Area
operating budget for FY 2024 was adopted by the Miami-Dade County Board of County
Commissioners on June 4, 2024, through Resolution No. R-490-24.
ANALYSIS
North Beach CRA Revenues
Revenues for the North Beach Community Redevelopment Area are mainly comprised of City
and County Tax Increment funds.
Page 1173 of 1993
North Beach CRA Expenditures
Expenditures for the North Beach Community Redevelopment Area include project-related
expenditures that are allocated for community policing initiatives, enhanced levels of Code
Compliance staffing and services, and additional cleanliness and beautification.
Also included are expenditures for a Commercial Facade Improvement Program to improve area
aesthetics and promote business attraction and retention, a Residential Property Improvement
Program to promote the maintenance of naturally occurring affordable housing stock and
resiliency, Arts and Culture related tourism and branding, and small business development.
Other expenditures include administrative expenditures, County and City administrative fees, a
set-aside for workforce and affordable housing, and a set-aside for future projects.
NORTH BEACH CRA OPERATING BUDGET AMENDMENT
The preliminary FY 2024 year-end analysis based on the proposed realignment of funding
between the various projects and programs that are budgeted in the North Beach Community
Redevelopment Area reflects that revenues for the North Beach Community Redevelopment Area
totaled $2,864,000 while expenditures totaled $389,000 resulting in a preliminary surplus of
$2,475,000 for FY 2024.
NORTH BEACH CRA
FY 2024 FY 2024 Prefininary %Actual of FY 2024 rOver!(Undirr)y'%Overf(Under)
Adopted Amended Actuals as of Amended Year End •Arsended' %/mended:.
Budget Budget 09/30/2024 Budget Projections _ budget, , :Budget
Revenues
Tax Increment Furls-City 1,082,000 1082.000 1.082,837 100.1% 1,082,000 0 0.0%
Tax Increment Funds-County 851,000 851.000 851,872 100.1% 851,000 0 0.0%
ftsceiianeous Revenues 0 0 67,317 - 68,000 68,000 -
Fund Balance/Retained Earnings/PY Surplus 0 863,000 0 0.0% 863.000 0 0.0%
Total Revenues 1,933,000 2,796,000 2,001,826 71.6% 2,864,000 68,000 24•/,
Expenditures
Admin/Operating Expenditures 57,000 57,000 32,335 58.7% 33,300 (23.700) -41.8%
Project Expenditures 891,000 1,650,000 353,338 21.4% 355,700 (1,294,300) -784%
Reserves,Debt Service,and Other Obligations 985,000 1,089,000 0 0.0% 0 (1,089.000) -100.0%
Total Expenditures 1,933,000 2,796,000 385,673 13.6% 389,000 (2,407,000) -86.1%
Excess of Revenues Over/(Under)Expenditures 0 0 1,616.153 2,475,000 2,475,000
Pursuant to Section 163.387, Florida Statutes, on the last day of the fiscal year of the community
redevelopment agency, any money which remains in the trust fund after the payment of expenses
may be appropriated to a specific redevelopment project pursuant to an approved community
redevelopment plan. Pursuant to the Interlocal Agreement dated October 4, 2021, between the
City of Miami Beach, Miami-Dade County, and the North Beach Community Redevelopment
Agency, the City Commission must approve any amendment to the annual budget.
The Administration is recommending that the preliminary surplus of $2,475,000, which is
comprised of $2,407,000 of unspent appropriations in the FY 2024 North Beach Community
Redevelopment Area operating budget and $68,000 in interest income that was accrued in FY
2024, be carried forward into the FY 2025 North Beach Community Redevelopment Area
operating budget for projects within the North Beach Community Redevelopment Agency
Redevelopment Plan that were budgeted in FY 2024 that have not been completed and are still
ongoing.
FISCAL IMPACT STATEMENT
See the information provided above.
Page 1174 of 1993
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE) was published on .
See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meetinq-notices/
FINANCIAL INFORMATION
See the information provided above.
CONCLUSION
The Administration recommends that the Mayor and City Commission adopt the Second
Amendment to the North Beach Community Redevelopment Area operating budget for FY 2024
as described herein and further detailed in the attached Exhibit "A."
EC/RW/JDG/TOS/RA
Applicable Area
North Beach
Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Project?
Yes No
Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Management and Budget
Sponsor(s)
Co-sponsor(s)
Condensed Title
10:05 a.m. PH, Joint, Adopt 2nd Amendment to NBCRA Operating Budget for FY 2024. OMB
Page 1175 of 1993
Exhibit A
City of Miami Beach
North Beach Community Redevelopment Area
Operating Budget
FY 2024 2nd Budget FY 2024
Amended Budget Amendment Revised Budget
Revenues and Other Sources of Income
Tax Increment-City $ 1,082,000 $ 1,082,000
Tax Increment-County $ 851,000 $ 851,000
Fund Balance/Prior Year Surplus $ 863,000 $ 863,000
TOTAL REVENUES $ 2,796,000 5 - $ 2,796,000
Admin/Operating Expenditures
CMB Administration $ 44,000 $ (13,700) $ 30,300
County Admin Fee $ 13,000 $ 13,000
Total Admin/Operating Expenditures $ 57,000 $ (13,700) 5 43,300
Project Expenditures
Small Business Development $ 80,000 $ (77,000) $ 3,000
Beautification $ 1,049,000 $ (1,019,000) $ 30,000
Arts&Culture $ 135,000 $ (128,300) $ 6,700
Enhanced Services
Community Policing $ 186,000 $ (5,000) $ 181,000
Code Compliance $ 100,000 $ (28,000) $ 72,000
Community Cleanliness $ 100,000 $ (47,000) $ 53,000
Total Project Expenditures $ 1,650,000 $ (1,304,300) $ 345,700
Reserves,Debt Service and Other Obligations
Set-aside for Affordable&Workforce Housing $ 298,000 $ 1,318,000 $ 1,616,000
Set-aside for Future Projects $ 791,000 $ 791,000
Total Reserves,Debt Service&Other Obligations 5 1,089,000 $ 1,318,000 5 2,407,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 2,796,000 $ - $ 2,796,000
SURPLUS/(GAP) $ - $ - $ -
Page 1176 of 1993