678-2022 RDA RESOLUTION NO. 678-2022
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY, ADOPTING THE SECOND
AMENDMENT TO THE FISCAL YEAR 2022 OPERATING BUDGET FOR
THE CITY CENTER REDEVELOPMENT AREA, THE ANCHOR SHOPS AND
PARKING GARAGE, THE PENNSYLVANIA AVENUE SHOPS AND
PARKING GARAGE, AND THE COLLINS PARK PARKING GARAGE.
WHEREAS, the Miami Beach Redvelopment Agency City Center Redevelopment
Area, the Anchor Shops and Parking Garage, the Pennsylvania Avenue Shops and Parking
Garage, and the Collins Park Parking Garage operating budgets for Fiscal Year (FY) 2022
were adopted by the Chairperson and Members of the Miami Beach Redevelopment Agency
(the "RDA" or"City Center RDA") on September 30, 2021, through Resolution No. 660-2021;
and
WHEREAS, the First Amendment to the City Center Redevelopment Area, the Anchor
Shops and Parking Garage, the Pennsylvania Avenue Shops and Parking Garage, and the
Collins Park Parking Garage operating budgets for FY 2022 was adopted by the Chairperson
and Members of the Miami Beach Redevelopment Agency on November 22, 2021, through
Resolution No. 664-2021; and
WHEREAS, this proposed amendment to the FY 2022 RDA operating budget, which
is a year-end "clean-up" item as part of the Administration's efforts to minimize the number of
mid-year budget amendments for the RDA, would appropriate $27.1 million of excess RDA
Trust Fund revenues as part of the Fifth Amendment to City Center RDA Interlocal Agreement
that was previously approved through Resolution No. 666-220 during FY 2022 to fund or
reimburse the City for payments related to the Miami Beach Convention Center Project Final
Settlement Agreement that was approved by the Miami Beach City Commission through
Resolution No. 2022-32014; and
WHEREAS, there are several capital renewal and replacement projects identified by
the Administration for the Pennsylvania Avenue Garage that require partial funding to fully
fund for which this amendment proposes to appropriate $128,000 of available fund balance
in the Anchor Garage Fund (463)to be transferred to the Pennsylvania Avenue Garage Fund
(467) to fully fund these capital project needs; and
WHEREAS, based on the preliminary FY 2022 year-end analysis for the City Center
RDA operating budget, which includes the proposed realignment of funding budgeted
between the various departments with funding in the City Center RDA, it is recommended
that $68,000 be set aside for encumbrances from FY 2022 for goods and/or services which
had been procured, but not received and expended at year end, as well as $288,000 in
projects and equipment that were budgeted in FY 2022 that have not yet been expended or
encumbered, that the Administration is recommending be carried forward and spent in the
respective FY 2023 operating budgets; and
WHEREAS, the preliminary year-end analysis for the FY 2022 Pennsylvania Avenue
Shops operating budget reflects that there are projects and equipment estimated at $31,000
budgeted in FY 2022 that were not completed and/or received in FY 2022 that the
Administration is recommending be carried forward into the FY 2023 Pennsylvania Avenue
Shops operating budget.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND
MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that following a duly
noticed public hearing on November 30, 2022, the Chairperson and Members of the Miami
Beach Redevelopment Agency adopt the Second Amendment to the City Center
Redevelopment Area, the Anchor Shops and Parking Garage, the Pennsylvania Avenue
Shops and Parking Garage, and Collins Park Parking Garage operating budgets for FY 2022
as set forth in this Resolution and in the attached Exhibit "A."/� -"
PASSED and ADOPTED this gd day of floven1Pe/ , 2022.
ATTEST:
DEC 0 5 2022 Dan Gelber, Chairperson
Rafael . Granado, Secretary
C•
\\\1Il
, APPROVED AS TO
LANGUAGE
111CO P RA Eoi FORM
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11
City Attorney Dote
2
Exhibit "A"
Miami Beach Redevelopment Agency
City Center Redevelopment Area
Operating Budget
FY 2022 2nd Budget FY 2022
Revenues and Other Sources of Income Amended Amendment Revised
Tax Increment-City $ 31,123,000 $ 31,123,000
Proj Adjustment to City Increment $ (1,318,000) $ (1,318,000)
Tax Increment-County $ 25,185,000 $ 25,185,000
Proj Adjustment to County Increment $ (1,075,000) $ (1,075,000)
Interest Income $ 429,000 $ 429,000
Fund Balance/Retained Earnings $ 13,192,000 27,100,000 $ 40,292,000
TOTAL REVENUES $ 67,536,000 $ 27,100,000 $ 94,636,000
Admin/Operating Expenditures
Management Fee $ 564,000 $ 564,000
Audit fees $ 22,000 $ 22,000
Internal Services $ 332,000 $ 332,000
Total Admin/Operating Expenditures $ 918,000 $ 0 $ 918,000
Project Expenditures
Community Policing:
Police $ 5,257,000 (182,000) $ 5,075,000
Code Compliance $ 259,500 (43,500) $ 216,000
• Capital Projects Maintenance:
Property Mgmt $ 1,865,000 (80,000) $ 1,785,000
• Sanitation $ 3,789,500 472,500 $ 4,262,000
Greenspace $ 1,006,000 (149,000) $ 857,000
Parks Maintenance $ 484,000 (18,000) $ 466,000
Total Project Expenditures $ 12,661,000 $ 0 $ 12,661,000
Reserves,Debt Service and Other Obligations
Debt Service Cost $ 21,715,000 $ 21,715,000
Reserve for County Admin Fee $ 362,000 $ 362,000
Reserve for CMB Contribution $ 448,000 $ 448,000
Reserve for County Reimbursement:
Transfer to County Reimbursement $ 4,291,000 $ 4,291,000
Transfer to County Beach Renourishment Fund $ 1,500,000 $ 1,500,000
Reserve for City Reimbursement:
Transfer to Beach Renourishment Fund $ 1,500,000 $ 1,500,000
•
Transfer to RDA Capital $ 0 27,100,000 $ 27,100,000
Transfer to Fleet Management Fund $ 5,613,000 $ 5,613,000
Transfer to Convention Center $ 4,000,000 $ 4,000,000
Set-aside for Debt Payoff $ 14,528,000 $ 14,528,000
Total Reserves,Debt,&Other Obligations $ 53,957,000 $ 27,100,000 $ 81,057,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 67,536,000 $ 27,100,000 $ 94,636,000
SURPLUS/(GAP) $ 0 $ 0 $ 0
Exhibit "A"
Anchor Shops and Anchor Garage Operating Budget
Anchor Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Valet Parking $ 325,000 $ 325,000
Monthly Permits $ 509,000 $ 509,000
Attended Parking $ 2,312,000 $ 2,312,000
Interest Income $ 22,000 $ 22,000
Misc./Other $ 0 $ 0
Fund Balance-Retained Earnings $ 0 128,000 $ 128,000
TOTAL REVENUES $ 3,168,000 $ 128,000 $ 3,296,000
Expenditures:
Salaries&Benefits $ 0 $ 0
Operating Expenditures $ 2,423,000 $ 2,423,000
Transfer Out to Penn Garage $ 27,000 128,000 $ 155,000
Internal Services $ 368,000 $ 368,000
Contingency/Reserve $ 350,000 $ 350,000
TOTAL EXPENDITURES $ 3,168,000 $ 128,000 $ 3,296,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Anchor Shops FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Retail Leasing $ 406,000 $ 406,000
Capital&Maintenance $ 44,000 $ 44,000
Interest Earned $ 22,000 $ 22,000
Fund Balance-Retained Earnings $ 120,000 $ 120,000
TOTAL REVENUES $ 592,000 $ 0 $ 592,000
Expenditures:
Operating Expenditures $ 232,000 $ 232,000
Transfer Out to Penn Shops $ 323,000 $ 323,000
Internal Services $ 37,000° $ 37,000
TOTAL EXPENDITURES $ 592,000 $ 0 $ 592,000
Revenues Less Expenditures $ 0 $ 0 $ 0
COMBINED REVENUES-EXPENDITURES $ 0 $ 0 $ 0
Exhibit "A"
Pennsylvania Avenue Shops and Pennsylvania Avenue Garage Operating Budget
Pennsylvania Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Transient $ 511,000 $ 511,000
Monthly $ 303,000 $ 303,000
Interest Income $ 3,000 $ 3,000
Transfer In from RDA(Anchor Garage) $ 27,000 $ 27,000
TOTAL REVENUES $ 844,000 $ 0 $ 844,000
Expenditures:
Operating Expenditures $ 730,000 $ 730,000
Internal Services $ 114,000 $ 114,000
Capital $ 0 $ 0
TOTAL EXPENDITURES $ 844,000 $ 0 $ 844,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Pennsylvania Shops FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Interest Earned $ 0 $ 0
Transfers In from RDA(Anchor Shops) $ 323,000 $ 323,000
TOTAL REVENUES $ 323,000 $ 0 $ 323,000
Expenditures:
Operating Expenditures $ 321,000 $ 321,000
Internal Services $ 2,000 $ 2,000
TOTAL EXPENDITURES $ 323,000 $ 0 $ 323,000
Revenues Less Expenditures $ 0 $ 0 $ 0
COMBINED REVENUES-EXPENDITURES $ 0 $ 0 $ 0
Exhibit "A"
Collins Park Garage Operating Budget
Collins Park Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Transient $ 816,000 $ 816,000
Monthly $ 190,000 $ 190,000
TOTAL REVENUES $ 1,006,000 $ 0 $ 1,006,000
Expenditures:
Operating Expenditures $ 1,006,000 $ 1,006,000
TOTAL EXPENDITURES $ 1,006,000 $ 0 $ 1,006,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Redevelopment Agency - RDA 1.
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: November 30, 2022
SUBJECT:A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY, ADOPTING THE SECOND
AMENDMENT TO THE CITY CENTER REDEVELOPMENT AREA, THE
ANCHOR SHOPS AND PARKING GARAGE, THE PENNSYLVANIA AVENUE
SHOPS AND PARKING GARAGE, AND THE COLLINS PARK PARKING
GARAGE FOR FISCAL YEAR 2022.
RECOMMENDATION
Adopt the Resolution.
BACKGROUND/HISTORY
The Miami Beach Redevelopment.Agency City Center Redevelopment Area, the Anchor Shops and
Parking Garage,the Pennsylvania Avenue Shops and Parking Garage, and the Collins Park Parking
Garage operating budgets for Fiscal Year(FY)2022 were adopted by the Chairperson and Members
of the Miami Beach Redevelopment Agency (the "RDA" or "City Center RDA") on September 30,
2021, through Resolution No. 660-2021.
The First Amendment to the RDA City Center Redevelopment Area, the Anchor Shops and Parking
Garage, the Pennsylvania Avenue Shops and Parking Garage, and the Collins Park Parking Garage
operating budgets for FY 2022 was adopted by the Chairperson and Members of the Miami Beach
Redevelopment Agency on November 22, 2021, through Resolution No. 664-2021.
ANALYSIS
RDA City Center Redevelopment Area revenue sources for FY 2022 include City and County Tax
Increment funds, estimated interest income, and use of prior year excess RDA Trust Fund revenues
in accordance with the Fourth Amendment to the Interlocal Agreement between the City and Miami-
Dade County.
RDA City Center Redevelopment Area expenditures for FY 2022 include community policing
initiatives to provide enhanced levels of staffing and services throughout the area and capital projects
maintenance for repairs and maintenance of existing capital assets in the City Center
Page 31 of 53
Redevelopment Area. In addition, the FY 2022 budget includes administrative expenditures that are
comprised of a management fee allocated to the General Fund to pay for indirect staff support
provided to the RDA, annual audit fees, and chargebacks for internal service department services
provided.
The RDA City Center Redevelopment Area budget also includes the annual debt service related to
the issuance of the 2015 Convention Center bonds. On December 15, 2015, the RDA issued
$286,245,000 in Tax Increment Revenue and Revenue Refunding Bonds, Series 2015A, and
$35,850,000 in Tax Increment Revenue Refunding Bonds, Taxable Series 2015B, which financed
certain costs associated with the renovation and expansion of the Miami Beach Convention Center.
Other line-item expenditures budgeted in FY 2022 include items that, pursuant to the existing Bond
Covenants, may only be expended once the annual debt service obligations have been met. These
include a transfer to the Miami Beach Convention Center Fund, Miami-Dade County's administrative
fees, which are equivalent to 1.5% of its respective tax increment financing ("T IF") payment, and the
corresponding contribution to the City's General Fund, which is equivalent to 1.5% of the City's
share of its TIF payment.
PROPOSED AMENDMENTS TO THE RDA CITY CENTER OPERATING BUDGET
Convention Center Settlement Agreement
On January 20, 2022, Miami Beach City Commission Resolution No. 2022-32014 and Miami Beach
Redevelopment Agency Resolution No. 666-220 approved the Fifth Amendment to the City Center
RDA Interlocal Agreement. On March 15, 2022, Miami-Dade Board of County Commissioners
Resolution No. R-256-22 approved the Fifth Amendment to the City Center RDA Interlocal
Agreement.
The Fifth Amendment provided for the City to access $27.1 million of excess RDA Trust Fund
revenues to fund or reimburse the City for payments related to the Miami Beach Convention Center
Project Final Settlement Agreement, which was approved by the Miami Beach City Commission on
September 30, 2021, through Resolution No. 2021-31870.
This proposed amendment is a year-end "clean-up" item to appropriate the $27.1 million of excess
RDA Trust Fund revenues in the City Center RDA operating budget that was previously approved by
the City Commission, the RDA, and the County for the Miami Beach Convention Center Project
Final Settlement Agreement during FY 2022. In an effort for the Administration to minimize the
number of mid-year budget amendments for the RDA, the appropriation of these funds in accordance
with the Fifth Amendment to the RDA Interlocal Agreement that was previously approved during FY
2022 was deferred to year-end.
Carryforwards from FY 2022 to FY 2023
The preliminary year-end analysis based on the proposed realignment of funding budgeted between
the various departments with funding in the City Center RDA for FY 2022 reflects that the City
Center Redevelopment Area revenues totaled approximately $54.2 million while total expenditures
were $52.4 million resulting in a projected surplus of approximately$1.8 million. The Administration is
recommending that$68,000 be carried forward into FY 2023 to fund goods and/or services that were
procured in FY 2022, but not received and/or rendered due to timing issues between fiscal years.
Similarly, the Administration is recommending that $288,000 be carried forward into FY 2023 for
Page 32 of 53
projects and equipment that were originally budgeted in FY 2022, but not completed and/or received
in FY 2022 due to supply chain issues. The remaining projected FY 2022 surplus would be set aside
to retire the outstanding debt issued in 2015 for the Convention Center renovation and expansion
project as required pursuant to the Third Amendment to the Interlocal Agreement between the City
and Miami-Dade County.
PROPOSED AMENDMENTS TO THE ANCHOR SHOPS AND PARKING GARAGE
OPERATING BUDGETS
The revenues and expenditures associated with the operations of the City Center Redevelopment
Area Garages and Shops are presented as separate schedules in order to eliminate any perception
that the proceeds from these facilities'operations are comingled with T IF and other City Center Trust
Fund revenues.
Capital Project Needs
As part of the FY 2023 Capital Budget process, the City Administration identified several necessary
capital renewal and replacement projects at the Pennsylvania Avenue Garage that required funding
totaling $435,000 to be completed. Based on FY 2022 projections, approximately $307,000 is
available in the Pennsylvania Avenue Garage Fund (467) resulting in approximately $128,000
needed to fully fund these capital project needs. These projects consist of the fire sprinkler system
renewal ($300,000), replacement of the fire pump ($100,000), and the fire alarm system($35,000).
This proposed amendment is to appropriate $128,000 from the Anchor Garage Fund (463) fund
balance to be transferred to the Pennsylvania Avenue Garage Fund (467) to fund these capital
project needs at the Pennsylvania Avenue Garage.
PROPOSED AMENDMENTS TO THE PENNSYLVANIA AVENUE SHOPS AND PARKING
GARAGE OPERATING BUDGETS
Carryforwards
The preliminary year-end analysis for the FY 2022 Pennsylvania Avenue Shops operating budget
reflects that there are projects and equipment estimated at$31,000 that were budgeted in FY 2022
that were not completed and/or received in FY 2022 that the Administration is recommending be
carried forward into the FY 2023 Pennsylvania Avenue Shops operating budget.
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION
N/A
CONCLUSION
The Administration recommends that the Chairperson and Members of the Miami Beach
Redevelopment Agency adopt the Second Amendment to the RDA City Center Redevelopment Area,
the Anchor Shops and Parking Garage, the Pennsylvania Avenue Shops and Parking Garage, and
Collins Park Parking Garage operating budgets for FY 2022 as described herein and further detailed
in the attached Exhibit"A."
Page 33 of 53
Applicable Area
South Beach
Is this a "Residents Right Does this item utilize G.O.
to Know" item, pursuant to Bond Funds?
City Code Section 2-14?
Yes No
Strategic Connection
Organizational Innovation - Ensure strong fiscal stewardship.
Legislative Tracking
Economic Development
ATTACHMENTS:
Description
o Exhibit A- Budgets
Page 34 of 53
Exhibit "A"
Miami Beach Redevelopment Agency
City Center Redevelopment Area
Operating Budget
FY 2022 2nd Budget FY 2022
Revenues and Other Sources of Income Amended Amendment Revised
Tax Increment-City $ 31,123,000 $ 31,123,000
Proj Adjustment to City Increment $ (1,318,000) $ (1,318,000)
Tax Increment-County $ 25,185,000 $ 25,185,000
Proj Adjustment to County Increment $ (1,075,000) $ (1,075,000)
Interest Income $ 429,000 $ 429,000
Fund Balance/Retained Earnings $ 13,192,000 27,100,000 $ 40,292,000
TOTAL REVENUES $ 67,536,000 $ 27,100,000 $ 94,636,000
Admin/Operating Expenditures
Management Fee $ 5E4,000 $ 564,000
Audit fees $ 22,000 $ 22,000
Internal Services $ 332,000 $ 332,000
Total Admin/Operating Expenditures $ 918,000 $ 0 $ 918,000
Project Expenditures
Community Policing:
Police $ 5,257,000 (182,000) $ 5,075,000
Code Compliance $ 259,500 (43,500) $ 216,000
Capital Projects Maintenance:
Property Mgmt $ 1,865,000 (80,000) $ 1,785,000
Sanitation $ 3,789,500 472,500 $ 4,262,000
Greenspace $ 1,006,000 (149,000) $ 857,000
Parks Maintenance $ 484,000 (18,000) $ 466,000
Total Project Expenditures $ 12,661,000 $ 0 $ 12,661,000
Reserves,Debt Service and Other Obligations
Debt Service Cost $ 21,715,000 $ 21,715,000
Reserve for County Admin Fee $ 362,000 $ 362,000
Reserve for CMB Contribution $ 448,000 $ 448,000
Reserve for County Reimbursement:
Transfer to County Reimbursement $ 4,291,000 $ 4,291,000
Transfer to County Beach Renourishment Fund $ 1,500,000 $ 1,500,000
Reserve for City Reimbursement:
Transfer to Beach Renourishment Fund $ 1,500,000 $ 1,500,000
Transfer to RDA Capital $ 0 27,100,000 $ 27,100,000
Transfer to Fleet Management Fund $ 5,613,000 $ 5,613,000
Transfer to Convention Center $ 4,000,000 $ 4,000,000
Set-aside for Debt Payoff $ 14,528,000 $ 14,528,000
Total Reserves,Debt,&Other Obligations $ 53,957,000 $ 27,100,000 $ 81,057,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 67,536,000 $ 27,100,000 $ 94,636,000
SURPLUS/(GAP) $ 0 $ 0 $ 0
Page 35 of 53
Exhibit "A"
Anchor Shops and Anchor Garage Operating Budget
Anchor Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Valet Parking $ 325,000 $ 325,000
Monthly Permits $ 509,000 $ 509,000
Attended Parking $ 2,312,000 $ 2,312,000
Interest Income $ 22,000 $ 22,000
Misc./Other $ 0 $ 0
Fund Balance-Retained Earnings $ 0 128,000 $ 128,000
TOTAL REVENUES $ 3,168,000 $ 128,000 $ 3,296,000
Expenditures:
Salaries&Benefits $ 0 $ 0
Operating Expenditures $ 2,423,000 $ 2,423,000
Transfer Out to Penn Garage $ 27,000 128,000 $ 155,000
Internal Services $ 368,000 $ 368,000
Contingency/Reserve $ 350,000 $ 350,000
TOTAL EXPENDITURES $ 3,168,000 $ 128,000 $ 3,296,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Anchor Shops FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Retail Leasing $ 406,000 $ 406,000
Capital&Maintenance $ 44,000 $ 44,000
Interest Earned $ 22,000 $ 22,000
Fund Balance-Retained Earnings $ 120,000 $ 120,000
TOTAL REVENUES $ 592,000 $ 0 $ 592,000
Expenditures:
Operating Expenditures $ 232,000 $ 232,000
Transfer Out to Penn Shops $ 323,000 $ 323,000
Internal Services $ 37,000 $ 37,000
TOTAL EXPENDITURES $ 592,000 $ 0 $ 592,000
Revenues Less Expenditures $ 0 $ 0 $ 0
COMBINED REVENUES-EXPENDITURES $ 0 $ 0 $ 0
Page 36 of 53
Exhibit "A"
Pennsylvania Avenue Shops and Pennsylvania Avenue Garage Operating Budget
Pennsylvania Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Transient $ 511,000 $ 511,000
Monthly $ 303,000 $ 303,000
Interest Income $ 3,000 $ 3,000
Transfer In from RDA(Anchor Garage) $ 27,000 $ 27,000
TOTAL REVENUES $ 844,000 $ 0 $ 844,000
Expenditures:
Operating Expenditures $ 730,000 $ 730,000
Internal Services $ 114,000 $ 114,000
Capital $ 0 $ 0
TOTAL EXPENDITURES $ 844,000 $ 0 $ 844,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Pennsylvania Shops FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Interest Earned $ 0 $ 0
Transfers In from RDA(Anchor Shops) $ 323,000 $ 323,000
TOTAL REVENUES $ 323,000 $ 0 $ 323,000
Expenditures:
Operating Expenditures $ 321,000 $ 321,000
Internal Services $ 2,000 $ 2,000
TOTAL EXPENDITURES $ 323,000 $ 0 $ 323,000
Revenues Less Expenditures $ 0 $ 0 $ 0
COMBINED REVENUES-EXPENDITURES $ 0 $ 0 $ 0
Page 37 of 53
Exhibit "A"
Collins Park Garage Operating Budget
Collins Park Parking Garage FY 2022 2nd Budget FY 2022
Revenues: Amended Amendment Revised
Transient $ 816,000 $ 816,000
Monthly $ 190,000 $ 190,000
TOTAL REVENUES $ 1,006,000 $ 0 $ 1,006,000
Expenditures:
Operating Expenditures $ 1,006,000 $ 1,006,000
TOTAL EXPENDITURES $ 1,006,000 $ 0 $ 1,006,000
Revenues Less Expenditures $ 0 $ 0 $ 0
Page 38 of 53