2013-28367 Reso RESOLUTION NO! 2013-28367
A RESOLUTION SETTING A PUBLIC HEARING TO
ADOPT THE SECOND AMENDMENT TO THE SPECIAL
REVENUE FUND BUDGETS FOR FISCAL YEAR (FY)
2012/'13
WHEREAS, the Administration requests that the Mayor and City Commission set
a public hearing to be held on October 16, 2013, to adopt the second amendment to the
Special Revenue Fund Budgets for Fiscal Year(FY) 2012/13; and
WHEREAS, the City currently offers certain programs and activities not
supported through the general operating budget, but by outside agency grants and self-
supporting user fee programs; and
WHEREAS, the Special.Revenue Fund includes the Resort Tax Fund as well as
Ph Street Garage Operations; 5th & Alton Garage Operations; Art in Public Places;
Tourism and Hospitality Scholarship Program; Green/Sustainability Fund; Waste Hauler
Additional Services and Pub_ lic Benefit Contribution Fund; Education Compact Fund;
Red Light Camera Fund and Emergency 911 Fund; and
WHEREAS, the Resort Tax Fund is supported primarily by taxes levied on hotel,
motel, rooming house and short term apartment room rents as well as on food and
beverages sold at retail in any restaurant, as authorized by State Statute, and is used to
fund tourism-eligible expenditures; and
WHEREAS, the 7th Street Garage Fund include funding for the operating and
debt service expenses of the 7th Street Garage; and
WHEREAS, the 5th and Alton Fund includes funding for the operating expenses
of the 5th and Alton Garage; and
WHEREAS, the Art in Public Places (AiPP)-Fund budget includes funding for the
administrative expenses, AiPP projects under $25,000 and reserve for AiPP projects;
and
WHEREAS, the Tourism and Hospitality Scholarship Program Fund includes
funding for scholarships for Miami Beach residents or graduates of Miami Beach Senior
High School in the food and hospitality industry; and
WHEREAS, the Green/Sustainability Fund includes funding for the operating
budget for a citywide multi-family residence and commercial establishment recycling
program, including a media, education and outreach recycling campaign, as well as the
LEED project incentive; and
WHEREAS, the Waste Hauler Additional Services & Public Benefit Fund
includes funding for sanitation related services; and
WHEREAS, the Education Compact Fund includes funding for the IB program
and teacher training; and
WHEREAS, the Red Light Camera Fund includes funding for red light camera
related operating expenses; and
WHEREAS, the Emergency 911 Fund includes funding for E-911 related
operating expenses; and
WHEREAS, the Administration recommends that the Mayor and City
Commission of the City of Miami Beach, Florida, set a public hearing to adopt the
Second Amendment to the Special. Revenue Funds Budgets for Fiscal Year (FY)
2012/13; and
WHEREAS, the key intended outcome supported is to improve the City's
financial health and maintain overall bond rating.
NOW THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH that the Mayor and City Commission
hereby set a public hearing to adopt the Second Amendment to Special Revenue Fund
Budgets for Fiscal Year(FY) 2012/13.
PASSED and ADOPTED this 30 day of September, 2013.
ATTEST:
M OR MA HE RERA BOWER
RAPH EL E. GRANADO, CITY
INCORP ORATED: ha
APPROVED A
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FORM&LANGUAGE
T, H 2 &FOR UTION
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COMMISSION ITEM SUMMARY
Condensed Title:
F k Resolution setting a Public Hearing to adopt the Second Amendment to the Special Revenue Fund
Budgets for Fiscal Year FY 2012/13.
Key Intended Outcome Supported:
Improve the City's overall financial health and maintain overall bond rating.
Supporting Data:
N/A
Item Summa /Recommendation:
The City of Miami Beach currently offers certain programs and activities not supported through the general
operating budget, but by outside agency grants and self-supporting user fee programs. These Special
Revenue Fund Budgets include:
• Resort Tax Fund
• 7th Street Garage Operations;
• 5th&Alton Garage Operations;
• Art in Public Places;
• Tourism and Hospitality Scholarship Program;
• Green/Sustainability Fund;
• Waste Hauler Additional Services and Public Benefit Contribution Fund;
• Education Compact Fund;
• Red Light Camera Fund; and
• Emergency 911 Fund
At the September 30th budget hearing the Administration is presenting an amendment to the General Fund
and Enterprise Fund. Based on the third quarter projections, Resort Tax is projected to be above budget
due to increased collections.
The Administration requests that the Mayor and City Commission set a public hearing to be held on October
16,2013,to adopt the Second Amendment to Special Revenue Fund Budgets for Fiscal Year FY 2012/13.
Financial Information:
Source of Amount Account
Funds
City Clerk's Office Legislative Tracking:
John Woodruff, OBPI Director
Sign-Offs:
Department Di ector Assistant Cr Manager City Manager
� BEACH DATE AGENDA ITEM �r7 P
q-30-13
MIAMI BEACH
City of Miami Beath, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Matti Herrera Bower and Me bers of t City Commission
FROM: Jimmy L. Morales, City Manager
DATE: September 30, 2013
SUBJECT: A RESOLUTION SETTING THE P BLIC HEARING TO ADOPT THE SECOND
AMENDMENT TO THE SPECIAL EVENUE FUND BUDGETS FOR FISCAL
YEAR (FY) 2012/13
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
KEY INTENDED OUTCOME SUPPORTED
Improve the City's financial health and maintain overall bond rating.
ANALYSIS
The Administration requests that the Mayor and City Commission set a public hearing to be
held on October 16, 2013, to adopt the second amendment to the Special Revenue Fund
budgets for Fiscal Year(FY)2012/13.
At the September 30th budget hearing the Administration is presenting an amendment to the
General Fund and Enterprise Fund. Based on the third quarter projections, Resort Tax is
projected to be above budget due-to increased collections.
The City of Miami Beach currently offers certain programs and activities not supported
through the general operating budget, but by outside agency grants and self-supporting user
fee programs. These Special Revenue Funds include
• Resort Tax Fund
• 7th Street Garage Operations;
5th&Alton Garage Operations;
• Art in Public Places;
Tourism and Hospitality Scholarship Program;
• Green/Sustainability Fund;
• Waste Hauler Additional Services and Public Benefit Contribution Fund;
Education Compact Fund;
• Red Light Camera Fund; and
• Emergency 911 Fund
Resort Tax Fund
This fund is supported primarily by taxes levied on hotel, motel, rooming house and short
term apartment room rents as well as on food and beverages sold at retail in any restaurant,
as authorized by State Statute, and is used to fund tourism-eligible expenditures.
7th Street Garage Fund
This fund includes funding for the operating and debt service expenses of the 7th Street
Garage.
Set Public Hearing To Adopt Second Amendment To The Special Revenue Fund Budgets
For Fiscal Year(FY)2012/13
September 26, 2013
Page 2
5th and Alton Fund
This fund includes funding for the operating expenses of the 5th and Alton Garage.
Art in Public Places (AIPP) Fund
This fund includes funding for the administrative expenses, AiPP projects under $25,000
and reserve for AiPP projects.
Tourism and Hospitality Scholarship Program Fund
This fund includes funding for scholarships for Miami Beach residents or graduates of Miami
Beach Senior High School in the food and hospitality industry.
Green/Sustainability Fund
This fund includes funding for the operating budget for a citywide multi-family residence and
commercial establishment recycling program, including a media, education and outreach
recycling campaign, as well as the LEED project incentive.
Waste Hauler Additional Services & Public Benefit Fund
This fund includes funding for sanitation related services.
Education Compact Fund
This fund includes funding for the IB program and teacher training.
Red Light Camera Fund
This fund includes funding for red light camera related operating expenses.
Emergency 911 Fund
This fund includes funding for E-911 related operating expenses.
CONCLUSION
The Administration recommends that the Mayor and City Commission of the City of Miami
Beach, Florida, set a public hearing to be held on October 16,-2013 to adopt the Second
Amendment to the Special Revenue Fund Budgets for Fiscal Year(FY)2012/13. The key
intended outcome supported is to improve the City's financial health and maintain overall
bond 'ng.
JLM/ /J