State Beachfront Management Agreement (City Operational)BUDGET AND PERFORMANCE IMPROVEMENT
Internal Audit Division INTERNAL AUDIT REPORT
,-
TO: Jorge M. Gonzalez, City Manager ·
Kathie G. Brooks, Budget and P'e~nce Improvement Director 4 VIA:
FROM: James J. Sutter, Internal Audito7@1o ''".--·"
DATE: October 14, 2010
AUDIT: State Beachfront Management Agreement (#3595) Operational Review
October 1, 2008 through September 30, 2009 PERIOD:
This audit report is the result of reviewing the operational controls surrounding the City's managing
of the State Beachfront Management Agreement No. 750-0006 dated February 3, 1982 and the
corresponding first amendment extending its terms through February 7, 2032. A separate audit
report focusing on our financial review was issued to the State of Florida in accordance with the
agreement.
INTRODUCTION
State Beachfront Management Agreement No. 3595 requires that the City of Miami Beach remit to
the Florida Department of Environmental Protection 25% ("sand tax") of any and all monies the City
collects from private concerns for the use of State beachfront property. In addition, in accordance
with state statutes, the City collects sales tax along with the beachfront rental revenue, and remits
same to the State. There are three categories of beachfront property users:
• Operators of beachfront concessions seaward of Lummus Park, Ocean Terrace, North
Shore Open Space Park, Pier Park and 21st Street (Boucher Brothers and Penrod Brothers)
who pay for use of the beachfront as per their respective contractual agreements.
• Miami Beach hoteliers and condominium associations, which pay beach upland fees to the
City annually based on the number of rooms, at the same time that they pay their Business
Tax Receipt fees.
• Members of the public who run organized, usually one time only, events on the beach, such
as weddings, volleyball tournaments and corporate affairs. These are called special events,
and payments are remitted to the City's Tourism and Cultural Development Department.
The following table lists the State's sand tax portion (25%) of the monies collected by the City for the
use of State beachfront property for the City's last three fiscal years:
*
Category FY 2006/07 FY 2007/08 FY 2008/09 * Total
Beachfront Concessions $150,111 $195,596 $186,406 $532,113
Hoteliers and Condo Associations $33,664 $39,018 $55,143 $127,825
Sj2ecial Events $22,856 $38,741 $20,853 $82,450
Subtotal $206,631 $273,355 $262,4022 $742,388
Adjustments $0 $0 ($10,238) ($10,238)
Total $206,631 $273,355 $252,164 $732,150
Th1s column's figures represent the amounts that should have been paid to the State of Flonda and not those
actually paid. The $108.39 overpayment listed in finding #1 should be deducted from the City's next quarterly
We ore commitledto ptoviding excellent public setvice and safety to all who live, wotk, and ploy in our vibtant, tropical, historic community.
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
**
payment. The adjustments figure is a result of the incorrect payment of sand tax on beach concession fees,
incorrect calculations, prior audit results, etc. It is listed separately as it affects a multitude of different
customers within the designated categories.
The Finance Department continued to calculate their 2008/09 quarterly sand tax payments in the same manner
that their prior year payments were determined. However, the 2007/08 annual audit discovered that sand tax
was being incorrectly paid on beach concession business tax receipts. Once notified, the Finance Department
performed a midyear analysis to correct these prior 2008/09 sand tax calculations and payments.
OVERALL OPINION
Miscellaneous Cash Receipts and Payment Vouchers were accurately calculated and separated into
the appropriate general ledger accounts. In addition, this data along with upland fee revenues was
properly entered into the City's Financial System and/or the Special Events Fee Log. However, the
City inadvertently overpaid sand tax totaling $108.39 to the State of Florida during the past fiscal
year as shown in the attached schedule. The following shortcomings were noted and are in need of
improvement:
• The City inadvertently overpaid the State of Florida by a net total of $108.39 due to the incorrect
inclusion of a non-taxable business tax payment and the inadvertent duplication of an
adjustment.
• Differences were noted between the listed number of rooms and those charged upland fees
which also may affect other per room business tax receipt calculations.
• Sales tax on upland fees was not collected, imputed or forwarded to the State of Florida during
the past seven fiscal years. The Finance Department contends that these upland fees are
collected as a business tax receipt fee rather than rent but Internal Audit believes that these
fees may be subject to the State's 7% sales tax.
• All three of the Finance Department's sand tax remittances to the State of Florida were made
late or after the self-imposed due date of the twentieth of the first month following the quarter in
which the revenue was received by an average of 19 days.
PURPOSE
The purpose of this audit is to determine whether the City complied with State Beachfront
Management Agreement No. 3595 by accurately calculating, timely remitting and properly recording
sand tax monies to the Florida Department of Environmental Protection equal to 25% of any and all
revenues collected from private concerns for the use of State beachfront property.
SCOPE
1. Confirm that State Management Agreement #3595 is valid and its terms complied with.
2. Confirm that updated City policies and procedures exist, are known and followed by
personnel.
3. Confirm that the supporting documentation maintained is organized, sufficient and complete.
4. Confirm that the Finance Department's quarterly sand tax payments are properly calculated
and are remitted to the State of Florida within twenty days following the end of the quarter.
Page 2 of 10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
5. Confirm that tested sand tax transactions are complete, accurately calculated and properly
recorded in the City's Financial System.
PROCESS DESCRIPTION
The City's Finance Department mailed its business tax receipts in August 2008 requesting payment
for the 2008/09 fiscal year. In addition to other annual charges, any hotel/condo that collects money
from equipment rentals and/or food and beverage sales occurring on the beach should be billed
upland fees at a rate of $17.00 per unit/room per City Ordinance No. 2003-3420. The rate
increased to $18.00 for the 2009/1 0 fiscal year which is pertinent because some hotels/condos paid
these business tax receipts before their 10/01/09 due date or during the 2008/09 fiscal year.
A maximum charge of $10,000 per upland property will be required for each concession location,
plus any applicable taxes. Therefore, such hotels/condos as the Loews, Eden Roc and Decoplage
with more than 588 rooms (589 x $17 > $1 0,000) would only be charged the maximum of $10,000 in
upland fees during the 2008/09 fiscal year. Meanwhile, the increase to $18.00 per unit for 2009/10
billed business tax receipts caused the maximum upland fee to be levied to any hotels/condos with
more than 555 rooms.
Payment in full was due by October 1st or the customer is subject to Code Compliance citations and
penalties. All payments received are to be processed by the City's Central Cashier and distributed
to the corresponding general ledger accounts pre-programmed into the Eden System's Cashiering
Module.
In addition, beach concessionaires (Boucher Brothers and Penrods) remit payments based on their
agreements with the City. For example, Penrods remit monthly payments whereas Boucher
Brothers pays an upfront minimum guarantee and then a true-up at year end where any overages
due are paid to the City by December 31st. Another beach concessionaire called Toby's Concession
Services did not remit any monies during the 2008/09 fiscal year as the City terminated their
agreement and confiscated their $50,000 letter of credit in March 2009.
The Finance Department receives these payments and prepares a Payment Voucher form whereby
the monies are distributed among the applicable general ledger accounts. Once completed, the
form and the payment are submitted to the Central Cashier for processing (similar to business tax
receipt payments mentioned earlier).
Meanwhile, the Tourism & Cultural Development Department is responsible for approving and
monitoring special events occurring in the City. The event promoter has to meet specified criteria
and remit various fees to stage the event based on a number offactors. Examples may include but
are not limited to the submittal of site plans and insurance; the existence of off-duty police and/or fire
personnel; the payment of application fees, permit fees, security deposits; etc.
Pre-numbered Miscellaneous Cash Receipt forms or MCRs are used to process any monies
received from the promoters by Tourism & Cultural Development. The MCRs provide such pertinent
information as the payer's name, address, reason for paying and total paid; the general ledger
account number distribution for these monies; as well as the preparer's relevant information. This
form accompanied by the payment is then brought to the Central Cashier for processing.
Page 3 of 10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
FINDINGS, RECOMMENDATIONS AND MANAGEMENT RESPONSES
1. Finding: State's 25% portion of sand tax not paid correctly
All sand tax transactions were tested to confirm that the correct amounts were remitted to
the State of Florida. The net result was a $108.39 overpayment to be included in the City's
next quarterly payment due to the following reasons:
a. Exempt beach concession business tax payments for equipment, water sports, food
and sundries billed at $634 each were incorrectly included in sand tax payments
during the 2007/08 fiscal year. Upon being notified of their mistake, the Finance
Department prepared adjustments to make the necessary corrections during the
second quarter of the 2008/09 fiscal year. However, $248.58 in sand tax was
incorrectly remitted to the State of Florida on beach concession food revenues
received from Sunshine Restaurant Merger Sub, LLC and was not corrected.
b. The Michael Alan Group hosted a special event on the beach that was subject to the
sand tax. However, the corresponding calculations made to separate the monies
into the applicable general ledger accounts was incorrect as it inadvertently did not
include $600 in vehicle beach access fees so an adjusting journal entry was made in
the 2007/08 fiscal year. The sand tax adjustment was inadvertently duplicated
thereby effectively reducing the State of Florida's remittance by $140.19 more than
applicable.
Recommendation(s):
Going forward, greater care should be taken to ensure that remitted sand tax payments are
complete and accurate.
Management Response:
Finance
The Finance Department has reconciled payments made to the State of Florida. Noted
overpayment was adjusted and deducted from the next scheduled tax payment.
Tourism & Cultural Development
This was an oversight and greater attention to detail will be given in the future to prevent this
for occurring again.
2. Finding: Differences in the Number of Listed and Billed Rooms
Testing was conducted to ensure that the upland fees billed correctly equaled the number of
rooms multiplied by the appropriate per unit rate designated in City Ordinance No. 2003-
3420. Incorrect numbers of rooms can adversely impact any per unit business tax receipt
calculations such as upland fees, hotel (smoke detector) charges, etc. In doing so, the
following differences were noted which are currently being investigated by the City's Code
Compliance Department as their financial impact cannot be presently determined:
• The Gansevoort located at 2301 Collins Avenue signed a beach concession
agreement in February 2008 with the Office of Asset Management making them
subject to upland fees. However, the hotelier was not billed upland fees in either the
2007/08 or 2008/09 fiscal years.
• The Holiday Inn Miami Beach located at 4333 Collins Avenue was billed based on
246 rooms when the Eden System listed 248 rooms for both the 2008/09 and
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Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
2009/1 0 fiscal years.
• The Eden System showed the Four Points by ITT Sheraton located at 4343 Collins
Avenue as having 216 rooms when they were actually billed for 195 rooms for the
2008/09 and 2009/10 fiscal years.
• The Eden Roc was recently renovated and documents were found stating that it
presently has 631 rooms which would explain why the billed upland fees were
overridden by the Finance Department equaled the maximum rate of $10,000.
However, the Eden System listed only 350 rooms at the location.
• The Alexander located at 5225 Collins Avenue was billed upland fees based on 230
rooms when the Eden System showed only 205.
• February 2009 e-m ails were found whereby Code Compliance inspectors informed
the Finance Department that the three Canyon Ranch properties had 230 (South),
207 (Center) and 163 (North) rooms respectively. Yet, these changes were not
entered into the Eden System and the property owners were billed based on 86
(South), 139 (Center) and 102 (North) rooms.
• The II Villagio located at 1455 Ocean Drive was billed for 163 rooms when the Eden
System listed only 127.
Recommendation(s):
The results of the Code Compliance Department's inspections should be incorporated into
the Eden System so that the hotels/condos business tax receipts can be changed as
necessary. The corresponding owners should then be sent updated bills explaining the
reasons for the difference with a time frame upon which payment is due. Any credits should
either be applied against any outstanding amounts or carried forward to offset any amounts
owed for the 2010/11 business tax receipts.
In the future, the number of upland units in hotels/condos should be periodically reviewed by
the Planning, Building, Fire and/or Code Compliance Departments and compared to the
amount listed in the Eden System. The Finance Department should then be notified to make
any changes deemed necessary in Eden so that any per unit business tax receipt
calculations are correct.
Management Response:
Finance
Room counts for fees are given by the business owners at the time of their application.
Room counts are forwarded to the Building Department, Planning Department, and Fire
Department for inspection and comparison to the applicant's Certificate of Occupancy.
Permit is not granted until all regulatory departments have approved the initial
application. Applications are also forwarded to Asset Management for review and approval.
As part of Code Compliance's inspections, the discrepancies mentioned were discovered,
and remedied. Recommendation for periodic review by the Planning Department, Building
Department, Fire Department and Code Compliance Division will be forwarded to the
respective departments and division. There may be staffing issues by these departments
related to compliance with Internal Audit's recommendation.
Code Compliance
The Code Compliance Division does not routinely performed inspections; these are only
performed at the request of the Finance Department. A routine inspection process could be
established if the appropriate resources are allocated. A process will be developed to ensure
that the results of the inspections are incorporated into the Eden system.
Page5of10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
Building
The Building Department disagrees with the recommendation to have building inspectors
track and report the number of upland units in hotels/condo, as it will detract from their
regulatory function.
3. Finding: Applicability of sales tax on beach upland fees
The City's Finance Department has not collected sales tax from hoteliers and condo
associations for at least the past seven fiscal years when they pay beach upland fees as part
of their annual business tax receipt fees. Neither has the tax been imputed from the
amounts received, nor has it been sent on to the State of Florida. Conversely, the fees
collected from the beach concessionaires and Special Events permittees for the use of state
beachfront property were noted to include sales tax, which was forwarded to the State.
According to Florida Statute Section 212.031, the collection of sales tax is required when
there is rental of real property. Internal Audit believes that these fees may be subject to the
sales tax in a similar manner as those collected for other beach concessionaires since they
represent agreements to operate beachfront concessions. If correct, calculations show that
the City may owe $68,080 in sales taxes to the State of Florida's Department of Revenue for
these unpaid amounts during the past seven fiscal years.
In previous responses to this finding, the Finance Department contends that the upland fee
is for the privilege to do business and is therefore not subject to state sales taxes. Their
position of not collecting sales tax is based upon the method of collection as they assert that
it is collected as a business tax fee rather than rent. A compromise was made at last year's
exit conference that the Finance Department would research the taxability of this fee and if
deemed taxable will apply sales tax on a go forward basis but nothing has been agreed
upon yet.
Recommendation(s):
The Finance Department should obtain a tax opinion determining if these transactions are
taxable events so that this issue can be resolved as soon as possible.
Management Response:
Upland charged are treated as taxes, similar to business tax receipts, for the privilege of
conducting business in the City of Miami Beach and are not subject to sales tax. The City's
Internal Audit Division may request a legal opinion from the City Attorney's Office in order to
validate their contention.
Internal Audit Observation
A tax opinion would be better obtained from sources specializing in tax matters. Internal
Audit will work with Finance to request a tax opinion from either the City's external auditors
and/or from the Department of Revenue.
4. Finding: State's 25% portion of beach upland fees not paid in a timely manner
Although State Beachfront Management Agreement No. 3595 does not indicate when sand
tax payments should be remitted to the State of Florida, the City has established the
precedent over at least the last seven years of paying quarterly. Following this logic, Internal
Audit believes that any sand tax monies received during a quarter should be remitted to the
State of Florida within twenty days following the end of the quarter similar to state sales tax
and City resort tax regulations. For example, any sand tax monies received by the City
between 10/01/08 and 12/31/08 should be remitted to the State by 01/20/09.
Page6of10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 201 0
Testing showed that the City made three sand tax payments to the State of Florida during
the 2008/09 fiscal year. A payment for the quarter ending 03/31/09 was not necessary
because the City had a credit due to prior year's audits, incorrect calculations, etc. that
exceeded 25% of any sand tax monies collected during this period. This credit was carried
forward to the next quarter ending 06/30/09 and used to help offset any tax monies owed
from this period with the remaining balance remitted to the State of Florida.
Calculations show that all three City payments were made after the aforementioned due date
by an average of 19 days ranging from a low of 7 days to a maximum of 29 days.
Fortunately, the State of Florida has not complained or assessed penalties for late payment.
Recommendation(s):
Even though the City's Finance Department has made improvements in remitting upland
fees timelier to the State of Florida, the Finance Department should continue efforts to issue
and mail all quarterly sand tax payments by the twentieth of the first month following the end
of the quarter.
Management Response:
The Finance Department does not agree entirely with this finding. The Finance Department
agrees with Internal Audit's finding that there is no documentation stating when sand tax
payments collected should be remitted to the State of Florida. The City has established the
precedent over the last six years of paying on a quarterly basis. The Finance Department
has taken Internal Audit's recommendation, given in prior years, and begun attempting to
remit sand tax payments to the State by the twentieth day following the end of the quarter.
Payments on average have been made 19 days following the end of a period. Since by
Internal Audit's own verification, there is no documentation stating when sand tax payments
collected should be remitted to the State, the fact that payments are made on average 19
days should be suffice to remove any finding for this matter.
EXIT CONFERENCE
An exit conference was held on May 17, 2010 in the Office of Budget and Performance
Improvement between Anna Parekh (Director, Office of Real Estate, Housing & Community
Development), Robert Reboso (Redevelopment Specialist), Georgina Echert (Assistant Finance
Director) Manny Marquez (Revenue Manager), James Sutter (Internal Auditor) and Mark Coolidge
(Senior Auditor). Management responses were solicited and included above. All parties were in
agreement as to the contents of this report.
JJS:MC:mc
Audit performed by Mark Coolidge
cc: Patricia Walker, Chief Financial Officer
Georgina Echert, Assistant Finance Director
Hilda Fernandez, Assistance City Manager
Max Sklar, Cultural Arts and Tourism Development Director
Anna Parekh, Director, Office of Real Estate, Housing & Community Development
Robert Reboso, Redevelopment Specialist
Page 7 of 10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
Cynthia W. Curry, Building Director
Gregory Tindle, Code Compliance Director
F:lobpii$AUDIINTERNAL AUDIT FILES\DOC09-1 0\REPORTS-FINAL\BEACH 09 CITY RPT.doc
Page8of10
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
2
CONCESSIONAIRE
1500 Ocean Drive Associates
2201 Collins Avenue, LLC
3 3B Productions LLC
4 Alexander Hotel
5 Arlen Beach Condominium
6 Beach Hotel Associates LLC
7 Beta Epsilon/Cadillac LLC
8 Blue and Green Diamond
9 Boucher Brothers
10 Capobella Condominium
11 Carriage Club North Condo
12 Continuum on So. Beach
13 Convention Planning Services
14 CR Miami LLC
15 Crown
16 Crystal Beach Development
17 Crystal House, Inc.
18 CSC Traymore
19 Dade Community Foundation
20 Days Inn Art Deco
21 Days Inn Oceanside
22 Decoplage Condo Assn.
23 Delano Hotel
24 Dorothy L. Nevitt
25 Doubletree Surfcomber Hotel
26 East Atlantic Gardens Condo
27 Eden Roc Hotel
28 Exclusive Sports Marketing
29 Fontainebleau Hotel
30 Four Points/Sheraton
31 Gansevoort
32 Holiday Inn Miami Beach
33 II Villaggio Condo Assn.
34 Katrina's/The Bath Club
35 King Richard Condominium
36 Lane/Green Wedding
37 Loews
38 Logistics Management Group
39 Maison Grande Condo Assoc
40 Marriott Fairfield Inn
41 Marseille Hotel
42 Miami Beach Marriott
43 Michael Epstein Productions LLC
44 Mosaic On Miami Beach
45 MP6 Publishing Corp.
46 Nautilus Club
47 North Carillon Beach Condo
SCHEDULE OF FEES COLLECTED
BEACHFRONT MANAGEMENT AGREEMENT
FISCAL YEAR 08/09
TOTAL FEES*
$3,808.00
6,018.00
2,102.80
7,395.00
0.00
8,236.68
4,471.00
0.00
720,416.40
0.00
0.00
5,338.00
1,000.00
2,363.00
2,958.00
1,428.00
0.00
0.00
3,247.64
5,139.00
4,655.00
10,000.00
7,322.00
467.28
3,872.00
1,750.00
10,782.00
6,519.60
0.00
7,182.00
0.00
8,693.00
2,771.30
3,400.00
623.64
214.96
10,000.00
19,065.40
0.00
7,140.00
3,978.00
4,059.00
2,089.96
1,462.00
560.76
4,317.00
1,734.00
$2,856.00
4,513.50
1,577.10
5,546.25
0.00
6,177.51
3,353.25
0.00
540,312.30
0.00
0.00
4,003.50
750.00
1,772.25
2,218.50
1,071.00
0.00
0.00
2,435.73
3,854.25
3,491.25
7,500.00
5,491.50
350.46
2,904.00
1,312.50
8,086.50
4,889.70
0.00
5,386.50
0.00
6,519.75
2,078.47
2,550.00
467.73
161.22
7,500.00
14,299.05
0.00
5,355.00
2,983.50
3,044.25
1,567.47
1,096.50
420.57
3,237.75
1,300.50
Page 9 of 10
$952.00
1,504.50
525.70
1,848.75
0.00
2,059.17
1,117.75
0.00
180,104.10
0.00
0.00
1,334.50
250.00
590.75
739.50
357.00
0.00
0.00
811.91
1,284.75
1,163.75
2,500.00
1,830.50
116.82
968.00
437.50
2,695.50
1,629.90
0.00
1,795.50
0.00
2,173.25
692.82
850.00
155.81
53.74
2,500.00
4,766.35
0.00
1,785.00
994.50
1,014.75
522.49
365.50
140.19
1,079.25
433.50
REMITTED
TO STATE
$952.00
1,504.50
525.70
1,848.75
0.00
2,059.17
1,117.75
0.00
180,104.10
0.00
0.00
1,334.50
250.00
590.75
739.50
357.00
0.00
0.00
811.91
1,284.75
1,163.75
2,500.00
1,830.50
116.82
968.00
437.50
2,695.50
1,629.90
0.00
1,795.50
0.00
2,173.25
692.82
850.00
155.81
53.74
2,500.00
4,766.35
0.00
1,785.00
994.50
1,014.75
522.49
365.50
140.19
1,079.25
433.50
OWED
TO STATE
$0.00
0.00
0.00
0.00
0.00 Non-commercial (exemp
0.00
0.00
0.00 Non-commercial (exemp
0.00
0.00 Non-commercial (exemp
0.00 Non-commercial (exemp
0.00
0.00
0.00
0.00
0.00
0.00 Non-commercial (exemp
0.00 Hotel Closed
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00 No Payments Received
0.00
o.oo Upland Fees Not Billed
0.00
0.00
0.00
0.00 Partial Payment ReceivE
0.00
0.00
0.00
0.00 Non-commercial (exem~
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Internal Audit Report
State Beachfront Management Agreement Operational Review (#3595)
October 14, 2010
48 Oceanside Plaza Condo 0.00 0.00 0.00 0.00 0.00 Non-commercial (exempl
49 Oscar/Ana Barbara 6,565.40 4,924.05 1,641.35 1,641.35 0.00
50 Palms South Beach 4,231.00 3,173.25 1,057.75 1,057.75 0.00
Penrod Brothers (Beach
51 Concessions) 25,208.20 18,906.15 6,302.05 6,302.05 0.00
52 Penrod Brothers (Special Events) 21,170.08 15,877.56 5,292.52 5,292.52 0.00
53 Polo Life LLC 2,033.84 1,525.38 508.46 508.46 0.00
54 Quality Inn 7,744.00 5,808.00 1,936.00 1,936.00 0.00
55 Radisson Deauville 0.00 0.00 0.00 0.00 0.00 No Beach Concessions
56 Red Bull North America, Inc. 3,350.48 2,512.86 837.62 837.62 0.00
57 Revolution 6,682.24 5,011.68 1,670.56 1,670.56 0.00
58 Richmond Hotel 1,926.00 1,444.50 481.50 481.50 0.00
59 Ritz Carlton 13,160.00 9,870.00 3,290.00 3,290.00 0.00
60 Ritz Plaza 0.00 0.00 0.00 0.00 0.00 Hotel Closed
61 Riutel Florida 9,997.00 7,497.75 2,499.25 2,499.25 0.00
62 Royal Palm 0.00 0.00 0.00 0.00 0.00 No Payments Received
63 Sagamore GP Corp. 105.12 78.84 26.28 26.28 0.00
64 Sagamore Hotel 1,582.00 1,186.50 395.50 395.50 0.00
65 Seacoast 5151 Condo Assoc 0.00 0.00 0.00 0.00 0.00 Non-commercial (exemp
66 Seville 0.00 0.00 0.00 0.00 0.00 Hotel Closed
67 Shelborne Beach Resort 4,572.00 3,429.00 1,143.00 1,143.00 0.00
68 South Carillon Beach Condo 1,462.00 1,096.50 365.50 365.50 0.00
69 South of Fifth Condo Association 476.00 357.00 119.00 119.00 0.00
70 South Seas Hotel 4,095.00 3,071.25 1,023.75 1,023.75 0.00
Beach Concession
71 Sunshine Restaurant Merger 0.00 0.00 0.00 248.58 (248.58) License
72 The Bentley Beach 3,837.00 2,877.75 959.25 959.25 0.00
73 The Michael Alan Group 0.00 0.00 0.00 (140.19) 140.19 Corrected in FY 2007/08
74 The National 5,440.00 4,080.00 1,360.00 1,360.00 0.00
75 The Raleigh Hotel 1,961.00 1,470.75 490.25 490.25 0.00
76 The Savoy on South Beach 1,152.00 864.00 288.00 288.00 0.00
77 The Setal Resort and Condo 4,806.00 3,604.50 1,201.50 1,201.50 0.00
78 The Shore Club Hotel/Phi lips 5,590.00 4,192.50 1,397.50 1,397.50 0.00
79 Westgate Resort 782.00 586.50 195.50 195.50 0.00
80 Wyndham Miami Beach Resort 15,101.00 11,325.75 3,775.25 3,775.25 0.00
Subtotal $1,049,609.78 $787,207.33 $262,402.34 $262,510.73 ($108.39)
Adjustments ($40,953.88) ($30, 715.41) ($1 0,238.47) ($10,238.47) $0.00
Total $1,008,655.90 $756,491.92 $252,163.87 $252,272.26 ($108.39)
*Excludes sales tax
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