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R7 B FY 2022 PPTFY 2022 Proposed Budget Update Miami Beach 1st Public Hearing, September 17, 2021 Public Safety Focus 2 26 additional police officers on the street Acceleration of installation of security cameras Creation of a real-time crime center and two crime analysts Enhanced temporary staffing from other law enforcement agencies Stimulate recruitment with highest signing bonuses for police officers in Miami-Dade County New housing stipend for sworn police and fire personnel Public Safety Focus Six new code enforcement positions dedicated to the Art Deco Cultural District Three new code enforcement positions to provide proactive enforcement of short-term rentals Implementation of South Beach Comprehensive Strategy to address pressing issues in the Art Deco Cultural District ○Reassignment of 40 police officers to patrol South Beach effective August 30th ○Increased coordination of existing and additional dedicated staff from Police, Code Compliance, Fire, Homeless Outreach, Parking, Park Rangers, Public Works, Facilities & Fleet Management, and Sanitation 3 Preliminary Millage Rate Proposed FY 2022 budget assumes no change in the total combined millage rate of 6.0515 A reduction in the Debt Service portion of the millage rate is recommended to be realigned to the General portion of the Operating Millage Rate Commission adopted the maximum millage rate on July 28th FY 2021 FY 2022 Inc/(Dec) General 5.6298 5.6636 0.0338 CRR 0.0235 0.0235 0.0000 PAYGO 0.0755 0.0755 0.0000 Total Operating 5.7288 5.7626 0.0338 Debt Service 0.3227 0.2889 (0.0338) Total Combined 6.0515 6.0515 0.0000 4 Key Information Third Quarter LTC for FY 2021 Budget distributed on September 1st FY 2022 Proposed Operating and Capital documents distributed on September 7th Budget documents available on OMB’s website: https://www.miamibeachfl.gov/city-hall/office-of-budget-peformance/budget/ 5 Remaining Steps FIRST PUBLIC HEARING o Adopt tentative millage rates o Adopt tentative operating and capital budgets September 17th Beginning of Fiscal Year 2022 October 1st SECOND PUBLIC HEARING o Adopt final millage rates o Adopt final operating and capital budgets September 30th 6 FY 2021 Third Quarter GENERAL FUND Q2 Q3 Reserve Amount Reserve Amount Pre-COVID Reserve as of 09/30/2019 $80.6 million $80.6 million Actual Use of Reserve in FY 2020 ($0.3 million)($3.3 million) Adopted Use of Reserve in FY 2021 ($9.6 million)($9.6 million) Remaining Reserve $70.7 million $67.7 million New gap in FY 2021 ($22.7 million)($18.7 million) CARES Act funds to date $38.1 million $37.1 million Police initiatives (staffing,cameras,RTCC)($7.5 million)($3.9 million) No furlough days for FOP & IAFF; 1 less furlough day for all other employees ($1.2 million) Arts &Cultural programming ($1.0 million)($1.0 million) FEMA reimbursement $2.6 million $3.8 million Elimination of Parking contribution $1.2 million Rent Assistance Program continuation ($0.2 million) Sabrina Cohen Foundation contribution ($0.9 million) Revised FY 2021 Reserve $79.0 million $85.1 million Projected Use of Reserve in FY 2022 ($5.4 million) Projected FY 2022 Reserve $79.7 million 7 FY 2021 Third Quarter RESORT TAX FUND Q2 Q3 Reserve Amount Reserve Amount Pre-COVID Reserve as of 09/30/2019 $15.2 million $15.2 million Actual Use of Reserve in FY 2020 ($5.0 million)($3.5 million) Remaining Reserve $10.2 million $11.7 million Contribution to Reserve in FY 2021 $10.0 million $16.8 million Pedestrianization of Ocean Drive (pending)Est. ($1.5 million) Revised FY 2021 Reserve $20.2 million $27.0 million Projected Use of Reserve in FY 2022 ($5.4 million) Projected FY 2022 Reserve $21.6 million 8 FY 2022 Operating Budget Update Updated Summary FY 2022 Balancing Strategies NON-COVID-19 (Permanent) COVID-19 (Temporary) Surplus/(Gap) as of July 23, 2021, FERC $94,000 $0 American Rescue Plan Act (ARPA) Funds 4,019,000 Revenue Refinements: •Use of Reserves for Chamber Renovation •Use of Reserve for Stop the Bleed Kits •Miscellaneous Adjustments 1,409,000 Expenditure Refinements: •Chamber Renovation •Increase in Citywide Contingency •Miscellaneous Adjustments (1,353,000)(4,019,000) Recommended Recurring Expenditure Enhancements: •Lazarus Project •Dual Enrollment Transcripts (110,000) Recommended One-Time Expenditure Enhancements: •Stop the Bleed Kits (40,000) Net $0 $0 10 Follow Up Items Homeless placeholder of $100,000:Recommendation is to fund the Camillus House Lazarus project.No change needed to the FY 2022 proposed budget. Additional resources for Building and Planning Departments:New State legislation for shorter turnaround time requirements for residential permit applications results in a need for more resources.Recommend adding recurring enhancements of 4 additional positions in Building ($260,000)and 1 additional position in Planning ($81,000).The Building enhancement will likely be offset by pending fee increases after the budget is adopted.11 New Items South of 5th Traffic Calming Study:Recommend adding one- time enhancement of $125,000 in the Transportation Fund for a comprehensive study to mitigate traffic and pedestrian safety issues in the neighborhood. Connecting Heroes Program:Recommend adding one-time enhancement of $86,000 that is available in the Police Crash Report Sales Fund to participate in a new T-Mobile program to issue cell phones to each sworn police officer. 12 New Items Juneteenth Holiday:Recommend adding recurring enhancement of $270,000 to the budget to add Juneteenth as a paid City holiday. Reserve for Public Safety:Recommend setting aside the $4,019,000 reserve for ARPA as a reserve for public safety needs that may arise during FY 2022.Expenditure of funds would be approved by the City Manager based on the City Commission’s direction.No change needed to the FY 2022 proposed budget. 13 FY 2022 Capital Budget Update New Item Convention Center –Carl Fisher Clubhouse:Recommend adding $350,000 to the existing project budget to cover necessary soil remediation that was not in the original project scope.Funding is available in the 2015 RDA Bond fund. 15 Next Steps Beginning of Fiscal Year 2022 October 1st SECOND PUBLIC HEARING o Adopt final millage rates o Adopt final operating and capital budgets September 30th 16 Thanks!