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2003-25325 ResoRESOLUTION NO. 2003-2.5325 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE APPROPRIATION OF TWENTY PERCENT (APPROXIMATELY $360,000) OF THE MIAMI BEACH SHARE OF THE CHARTER COUNTY TRANSIT SURTAX PROCEEDS, LEVIED BY MIAMI-DADE COUNTY BETWEEN JANUARY AND SEPTEMBER 2003, TO REPLACE NO LONGER AVAILABLE FEDERAL AND STATE FUNDS, AND PROJECTED FARE COLLECTION REVENUES INCLUDED IN THE FUNDING PACKET FOR THE FISCAL YEAR 2002-03 ELECTROWAVE OPERATING BUDGET ADOPTED BY RESOLUTION NO. 2002-25012, DATED SEPTEMBER 26, 2002. WHEREAS, Resolution No. 2002-25012, dated September 26, 2002, adopted a $2.31 million funding packet for the FY 2002-03 Electrowave Operating Budget, which included among the funding sources $300,000 in Federal Congestion Mitigation and Air Quality (CMAQ) funds for the Collins Route service; $350,000 in Florida Department of Transportation (FDOT) funds for an enhanced portion of the Washington Route service; and $100,000 in projected fare revenue collections; and WHEREAS, the City eliminated the Collins Route service in February 2003, and is projected to lose approximately $200,000 of the $300,000 in CMAQ funds, above mentioned; the matching fund ratio was 80% CMAQ and 20% City; and WHEREAS, the City projects it will be reimbursed for approximately $210,000 of the $350,000 in FDOT/JPA funds budgeted in FY 2002-03, resulting in a shortfall of approximately $140,000; this was due to an administrative error in the budgeting process, which accounted for more funds that could possibly be reimbursed in a fiscal year; and WHEREAS, the City projects it will collect only $80,000 of the budgeted $100,000 in transit fare collections, due to the fact that, beginning January 1, 2003, the Miami-Dade County transit surtax initiative extended free ride for all senior citizens, regardless of income; and WHEREAS, it is estimated that Miami Beach will receive approximately $1.8 million in transit surtax proceeds collected by the County from January to September 2003; and WHEREAS, County Ordinance No. 02-116 requires that Miami Beach utilize 20% of its annual share of transit surtax funds to subsidize transit projects and/or initiatives, such as the Electrowave; and WHEREAS, the Administration proposes to utilize the $360,000 in January-September 2003 transit surtax funds to replace the projected Electrowave budget shortfall. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve and authorize the appropriation of twenty percent (approximately $360,000) of the Miami Beach share of the Charter County transit surtax proceeds, levied by Miami-Dade County between January and September 2003, to replace no longer available Federal and State funds, and projected fare collection revenues included in the funding packet for the Fiscal Year 2002-03 Electrowave Operating Budget, adopted by Resolution No. 2002- 25012, dated September 26, 2002. PASSED AND APPROVED this the lOth day of September ,2003. ATTEST: CITY CLERK APPROVED A~ TO FORM & LANGUAGE & FOR EXE~N F:\WORtGSTRA~AM ELIA\SU RTAXSSurtaxfor EW .memo,doc CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY Condensed Title: Resolution authorizing the appropriation of twenty percent (approx. $360,000) of the Miami Beach share of the transit surtax proceeds levied by the County between January and September 2003, to replace certain no longer available Federal and State funds, as well as fare collection revenues included in the funding packet for the FY 2002-03 Electrowave Operating Budget, adopted by Resolution No. 2002-25012, dated 9/26/02. Issue: Shall the City appropriate transit surtax proceeds to replace Federal and State funds, and projected fare collection revenues in the current Electrowave Budget? Item Summary/Recommendation: Included among the funding sources for the $2.31 million FY 2002-03 Electrowave Operating Budget, adopted on 09/26/02, were $300,000 in Federal CMAQ funds for the Collins Route service, $350,000 in FDOT funds for an enhanced portion (2 buses) of the Washington Route, and a projected $100,000 in fare collection revenues. The City projects receiving lesser reimbursements from the above-mentioned funds resulting in a budget shortfall of approximately $360,000 in FY 2002-03, due to the following reasons: 1 ) Minus $200,000 (of $300,000) in CMAQ funds due to elimination of the Collins Route in February 2003; 2) Minus approximately $140,000 (of $350,000) in FDOT funds. In FY 2002-03, the City should have budgeted only $210,000 to fund the 50% FDOT match for two buses on the Washington Route; and 3) Minus $20,000 (of $100,000) in projected fare collection revenues caused by the fact that the County extended free ride to all seniors, regardless of income, as a result of the voters' approval of the transit surtax initiative. The Administration proposes to replace the funding shortfall with the appropriation and utilization of 20% (or approximately $360,000) of Miami Beach's first year (January-September 2003) transit surtax share. Transit surtax collection began January 1, 2003. Transit surtax proceeds are to benefit transportation and transit projects Countywide. County Ordinance No. 02-116 provides that twenty percent (20%) of the net surtax proceeds be distributed to the "eligible municipalities" on a pro-rata basis, based upon population; and that 20% of each individual city share be utilized to fund local transit projects and/or initiatives, such as the Electrowave. Miami Beach is due to receive approximately $1.8 million in the January to September 2003 period; and approximately $2.5 million in each subsequent fiscal year. The Administration recommends approval of the Resolution. Advisory Board Recommendation: I N/A Financial Information: Source of ;;;:; : ~pr°ve~ Funds: $360,000 187.8000.312910 (Revenue Acct.) 3 F nance Dept. $360,000 City Clerk's Office Legislative Tracking: Amelia Johnson Sign-Offs: , AGENDAITEM DATE CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.miamibeachfl.gov To: From: Subject: COMMISSION MEMORANDUM Mayor David Dermer and Date: September 10, 2003 Members of the City Commission Jorge M. Gonzalez I ~ City Manager ~ A RESOLUTION F THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE APPROPRIATION OF TWENTY PERCENT (APPROXIMATELY $360,000) OF THE MIAMI BEACH SHARE OF THE CHARTER COUNTY TRANSIT SURTAX PROCEEDS, LEVIED BY MIAMI-DADE COUNTY BETWEEN JANUARY AND SEPTEMBER 2003, TO REPLACE NO LONGER AVAILABLE FEDERAL AND STATE FUNDS, AND PROJECTED FARE COLLECTION REVENUES INCLUDED IN THE FUNDING PACKET FOR THE FISCAL YEAR 2002-03 ELECTROWAVE OPERATING BUDGET, ADOPTED BY RESOLUTION NO. 2002-25012, DATED SEPTEMBER 26, 2002. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS Resolution No. 2002-25012, dated September 26, 2002, adopted the following funding packet to cover Electrowave operations during FY 2002-03: Parking Enterprise Retained Earnings Federal Congestion Mitigation and Air Quality (CMAQ)/Collins Rte. FDOT Service Development ProgramNVashington Route Concurrency Mitigation Funds/South Beach Projected Fare Collection Revenues $1,240,000 300,000 350,000 300,000 100,000 Projected On-Board Advertising Revenues 20,000 For a total of ........................................................... $2,310,000 A FY 2002-03 Electrowave funding shortfall of approximately $360,000 is projected due to the fact that certain budgeted funds will be no longer available for the following roasons: Minus $200,000 (of $300,000 or $25,000 per month) in Federal Congestion Mitigation and Air Quality (CMAQ) dedicated exclusively to the Collins Route service, that was discontinued by the City in February 2003. Therefore, CMAQ will reimburse the City approximately $100,000 (4 months at $25,000 each); and September lC, 2003 Commission Memorandum Transit Surtax Funds for Electrowave Budget Pege 2 Minus approximately $140,000 of the $350,000 in FDOT funds dedicated exclusively to fund, on a 50/50 match, the operating cost of 2 buses of the Washington Route service. This particular shortfall was due to an administrative mistake during the budgeting process. Although the adopted Joint Participation Agreement (JPA) with FDOT was for $350,000 for three years, the City should have budgeted only an amount that could be allocated during FY 2002-03, or approximately $210,000. The over-allocated amount of $140,000 will be carried over to future Electrowave budget years; and Minus $20,000 in fare collection revenues due to the fact that the County extended free ride to all seniors, regardless of income (including tourists), as a result of the voters' approval of the transit surtax initiative in November 2003. The $360,000 budget shortfall is a projected figure only, and may vary slightly up or down when the actual expenditures for FY 2002-03 Electrowave operations are reconciled. Proposed Transit Surtax Funds to Cover Shortfall: As replacement funds to the above- mentioned funding shortfall, the Administration proposes to utilize twenty percent (20%), or approximately $360,000, out of the $1.8 million Miami Beach is projected to receive from the County transit surtax proceeds collected between January and September 2003. Transit surtax history: On November 5, 2002, the Miami-Dade County voters approved the levy of a one-half of one percent discretionary transit surtax on the State sales tax, for transactions occurring in Miami-Dade County. The proceeds of such transit surtax are to benefit qualified transportation and transit projects Countywide. Transit surtax collection began January 1,2003. The County estimates that $23,500,499 will be collected in January-September 2003, and $31,334,000 in FY 2003-04. County Ordinance No. 02-116 provides that a portion (20%) of the net transit surtax proceeds will be distributed annually to the eligible municipalities, on a pm-rata basis based upon population. It is estimated that Miami Beach will receive approximately $1.8 million for the January-September 2003 period, and $2.5 million in each subsequent fiscal year. Pursuant to the same County Ordinance, Miami Beach is required to utilize 20% of its share for local transit projects and/or initiatives, such as the Electrowave; and the transit surtax funds are to supplement, not replace the usual City contribution to the local transit effort. Per County Ordinance requirements and previous actions of the City Commission, the Miami Beach share of the transit surtax proceeds for the January-September 2003 pedod, in the approximate amount of $1.8 million, shall be expended as follows: · Washington Ave. Corridor Improvements, Phases I, IV, and V $1,280,000 · Evaluation of Rapid Transit Options Study (HDR Eng. Inc.) 160,000 · Electrowave Operating Support (20% required by County Ord.) 360,000 For a total transit surtax funds of ................................. $1,800,000 September 10, 2003 Commission Memorandum Transit Surtax Funds for Electrowave Budget Page 3 The appropriation of approximately $360,000 in January-September 2003 transit surtax fund proceeds is appropriate and timely as replacement to the no longer available funds in the adopted FY 2002-03 Electrowave Operating Budget. The Administration recommends approval of the Resolution. JG/RM/FB/JC/AJ F:\WORK'~$TRAV~VlELIA\SU RTAX~Su rtaxforEW.memo.doc