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FY25 Projected Budget - draft for discussion onlyFY 2024 Adopted Proposed FY 2025-Based on 5% Growth Revenues:Percentage Amount Amount GL Information City of Miami Beach TIF contribution 56.00% $1,082,000 $1,136,000 163-8000-311500 Miami-Dade County TIF contribution 44.00% $851,000 $893,000 163-8000-338900 Sub-total Tiff Contributions 100.00% $1,933,000 $2,029,000 Carry Forward $863,000 $1,760,000 Projected Carry Forward based on FY 24 2nd Quarter Projection Total Revenues 100% $ 2,796,000.00 3,789,000$ FY 2024 Budgeted Expenditures: Percentage Amount FY 23 Projected expenses GL Information 1. Beautification 15% Plus $759,000 Carry Forward from FY 23 $1,049,000 $305,000 163-1987-000312 FY 2024 Commercial Façade Program-$549,500 Residential Façade Program-$499,500 2. Enhanced Services Police-GL 163-1124-000135 Code-GL 163-9963-000135 Sanitation-GL 163-9965-000343 Community Policing 9.6%$186,000 $195,000 Code Compliance 5.2%$100,000 $106,000 Community Cleanliness 5.2%$100,000 $198,000 3. Arts and Culture 7.0%$135,000 $143,000 163-1987-000343 4. Small Business Development 4.1% $80,000 $84,000 Printing-GL 163-1987-000324 Donations & Contributions-163-1987-000353 Machinery and Equip.-GL 163-1987-000674 Other Office Supplies-GL 163-1987-000326 Misc. Expenditures-GL-163-1987-000356 Program Operations-GL 163-1987-000345 Rent-Building Equip-GL 163-1987-000323 Office Supplies-GL 163-1987-000341 Travel-GL-163-1987-000363 Training & Awards-GL-163-1987-0000367 5. Administration 2.9% $57,000 $59,000 Partial Funding for Economic Development Manager Donations & Contributions-163-1987-000353 6. Set-aside: Affordable and Workforce Housing 10% Plus $104,000 Carry Forward from FY 23 $298,000 $203,000 GL-163-1987-000345 FY 23- $104,000 FY 24-$194,000 Projected for FY 25-$203,000 Projected total-$501,000 7. Set-aside: Future Projects 40.9%$791,000 $828,000 GL 163-1997-000999 Total Expenditures 75%$2,796,000 $2,121,000 NORTH BEACH CRA PROPOSED FY 25 BUDGET SUMMARY