FY 2025 Proposed Budget Presentation (1)1
FY 2025
Operating
Budget
FY 2025 Proposed Budget
FY 2025 Proposed Budget documents
(Operating and Capital) distributed
via LTC on August 30, 2024
Also available online on City’s
website:
https://www.miamibeachfl.gov/city-hall/office-of-
budget-peformance/budget/
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Total
Combined
Budget
FY 2025 Proposed Total Combined Budget
$501.9 M $576.4 M $605.0 M $611.0 M $631.4 M $669.3 M $627.1 M $675.9 M $733.1 M $829.1 M $877.8 M
$728.5 M
$755.4 M
$88.3 M $59.8 M $48.7 M $88.4 M $60.2 M $70.4 M
$73.7 M
$115.7 M $74.2 M
$1,230.4 M
$1,331.8 M
$693.3 M $670.8 M $680.0 M
$757.6 M
$687.3 M
$746.3 M
$806.8 M
$944.8 M $952.0 M
$0.0 K
$300.0 M
$600.0 M
$900.0 M
$1,200.0 M
$1,500.0 M
FY 2015* FY 2016* FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Operating Budget Total Capital Budget
*Capital Budgets for FY 2015 and FY 2016 included funding from multiple bond issuances for Convention Center facility renovation and expansion project
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FY 2025 General Fund Budget Highlights
General Fund Totals $456.2 M
Overall Increase of $28.5 M, or 6.7%
Inflation: $13.9 M, or 3.3%
Enhancements (One-time and Recurring): $6.1 M, or 1.4%
Items Approved Mid-Year in FY 2024: $0.8 M, or 0.2%
Set aside for Unfunded Capital Needs/Collective Bargaining: $7.7 M, or 1.8%
Five-Year General Fund Financial Forecast
$450.0 M
$470.0 M
$490.0 M
$510.0 M
$530.0 M
$550.0 M
$570.0 M
2025 Prop. 2026 Proj. 2027 Proj. 2028 Proj. 2029 Proj. 2030 Proj.
REVENUES EXPENDITURES
$4.0 M
surplus
$4.2 M
surplus
$0.1 M
surplus
($1.7 M)
gap
($4.5 M)
gap
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Five-Year General Fund Financial Forecast
$450.0 M
$470.0 M
$490.0 M
$510.0 M
$530.0 M
$550.0 M
$570.0 M
2025 Prop. 2026 Proj. 2027 Proj. 2028 Proj. 2029 Proj. 2030 Proj.
REVENUES EXPENDITURES
($3.3 M)
($11.2 M)
gap
($22.5 M)
gap
($33.3 M)
gap
($45.8 M)
gap
Operating
Budget &
Millage
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FY 2025 Taxable Property Values
The Miami-Dade County Property Appraiser provided:
The Certified Values as of July 1st (reflected below)
City of Miami Beach
+9.4% Increase
%Other Taxing Jurisdictions
+14.2%Normandy Shores
+11.5%City of Miami
+10.7%Miami-Dade County
+10.4%Miami-Dade School Board
+8.5%City of Coral Gables
FY 2025 Proposed Millage Rates
Inc/(Dec)FY 2025
Proposed
FY 2024
Adopted
0.00005.66365.6636General
0.03670.08660.0499Capital Renewal & Replacement (CRR)
0.00000.10200.1020Capital Pay-As-You-Go (PayGo)
0.03675.85225.8155Total Operating
(0.0367)0.29590.3326Voted Debt Service
0.00006.14816.1481Total Combined
Proposed FY 2025 millage rates approved
by City Commission on July 24th
Proposed FY 2025 budget assumes no
change in the total combined millage rate
Dedicated CRR millage increased by
0.0367 mills based on the realignment of
the decrease of 0.0367 mills in the debt
service portion of the millage that results in
an additional $1.7 million for capital
project needs
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Total Combined Millage Trend
*Increase in FY 2020 millage attributed to issuance of Tranche 1 (Series 2019) of General Obligation (G.O.) Bonds approved by the voters on November 6, 2018
**Increase in FY 2024 millage attributed to issuance of Tranche 1 (Series 2023A&B) of Arts and Culture (G.O.) Bonds approved by the voters on November 8, 2022
6.1072 6.0572 5.9826
5.7551 5.6859 5.6009 5.6857 5.6989 5.6298 5.6298 5.6298 5.6636 5.6636 5.6636 5.6636
0.1083 0.1083
0.1083
0.1083
0.1083
0.1083 0.0235 0.0235 0.0990 0.0990 0.0990 0.0990 0.1519 0.1519 0.1886
0.2870 0.2884
0.2568
0.2529
0.2295
0.2031 0.1796 0.1664 0.1600
0.2933 0.3227 0.2889 0.2360 0.3326 0.2959
6.5025 6.4539
6.3477
6.1163
6.0237
5.9123 5.8888 5.8888 5.8888
6.0221 6.0515 6.0515 6.0515
6.1481 6.1481
5.2000
5.4000
5.6000
5.8000
6.0000
6.2000
6.4000
6.6000
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020* FY 2021 FY 2022 FY 2023 FY 2024** FY 2025
Operating Millage Capital Millage (PayGo & CRR)Voted Debt Service (G.O. Bonds)
The Total FY 2025 Combined Millage is 5.5%, or 0.3544 mills, less than the Total FY 2011 Combined Millage,
while the FY 2025 Operating Millage is 7.3%, or 0.4436 mills, less than the FY 2011 Operating Millage
FY 2025
General Fund
Budget Balancing
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General Fund Budget Balancing
$FY 2025
$16.2 MPreliminary Surplus / (Gap)
(2.0 M)Recurring Expenditure Enhancement – Allocate 25% of Projected FY
2025 General Fund Interest Income to Capital
14.2 MRemaining Surplus / (Gap)
(2.7 M)One-Time Expenditure Enhancements
(2.6 M)Recurring Expenditure Enhancements
8.9 MRemaining Surplus / (Gap)
(8.9 M)Expenditure Refinements (Capital Funding/Collective Bargaining)
$-Net Surplus/(Gap)
Presented at July 12th FERC Budget Briefing
FY 2025
General Fund
Updates
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General Fund Budget Balancing
$FY 2025
$-Surplus/(Gap) as of July 12, 2024 FERC Budget Briefing
(295,000)Recommended “One-Time” Expenditure Enhancements/Reductions
(637,000)Recommended Recurring Expenditure Enhancements/Reductions
(404,000)Revenue Refinements
1,336,000Expenditure Refinements
$-Net Surplus/(Gap)
Updates based on/since July 12th FERC Budget Briefing
General Fund Budget Balancing
$FY 2025
(220,000)Intensity and Density Capacity Analysis
(75,000)Mixed-Use Entertainment (MXE) District Revenue & Expenditure Analysis
($295,000)Total
“One-Time” Expenditure Enhancements:
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General Fund Budget Balancing
$FY 2025
(344,000)Two (2) additional full-time Detention Officers
(220,000)Set aside for proposed amendment to Miami New Drama, Inc.
management agreement for Colony Theatre
200,000Reclassification of existing budgeted position to a full-time Emergency
Management Fire Division Chief instead of additional full-time position
(113,000)Three (3) full-time Area Managers instead of one (1) full-time Area Manager
and two (2) part-time Cleanliness Assessors
(30,000)Additional funding for Normandy Fountain Programming
($507,000)Sub-Total
Recurring Expenditure Enhancements:
General Fund Budget Balancing
$FY 2025
(105,000)Funding for conferences, civic, non-profit, and community events for the
City’s elected officials
(25,000)Annual grant contribution for Pridelines Miami Beach Project SAFE (Safe
Accommodations For Everyone)
($130,000)Sub-Total
($637,000)Total Recurring Expenditure Enhancements
Recurring Expenditure Enhancements Cont’d:
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General Fund Budget Balancing
$FY 2025
(369,000)Finalization of FY 2025 General Fund administrative fees based on cost
allocation study completed during FY 2024
(35,000)Refinement of miscellaneous FY 2025 General Fund revenues
($404,000)Total
Revenue Refinements:
General Fund Budget Balancing
$FY 2025
189,000Finalization of FY 2025 Internal Service Dept. budgets and allocations
(34,000)Refinement of miscellaneous FY 2025 General Fund expenditures
1,181,000Adjustment in set aside for unfunded capital needs/collective bargaining*
$1,336,000Total
Expenditure Refinements:
*As a result of the additional adjustments made based on the recommendations of the FERC at the July 12,
2024 Budget Briefing, items approved at the July 24, 2024 City Commission meeting, and finalization of
the FY 2025 budgets proposed, the set aside for unfunded capital needs and collective
bargaining was decreased from $8,912,000 to $7,731,000
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General Fund
Enhancements
Public Safety & Homeless Enhancements
Meeting/Resolution #FY 2026FY 2025One-Time (General Fund)
$ -$1,900,000Police High Visibility Overtime
$ -$1,900,000Sub-Total
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
FERC – 7/12/2024$236,000$344,000Two (2) Additional Full-Time Detention Officers
Resolution No. 2024-32894382,000 325,000 Four (4) Additional Non-Sworn Full-Time Positions for Real Time
Intelligence Center
Resolution No. 2024-32900210,000 200,000 Miami-Dade County Crime Lab Reimbursement for Dedicated Staffing
136,000 115,000 One (1) Additional Full-Time Assistant City Attorney II Position for Municipal
Prosecution Program
100,000100,000Camillus House Health Concern Initiative (Homeless Services)
Resolution No. 2024-3319554,000 54,000 Miami Beach Police Department LGBTQ Outreach Initiatives
47,00047,000 Reclassify Existing Budgeted Position to Full-Time Emergency Management Fire
Division Chief Position (Fire)
38,00038,000Body Cameras for Homeless Program Operations
$1,203,000$1,223,000Sub-Total
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Educational Initiatives Enhancements
Meeting/Resolution #FY 2026FY 2025One-Time (General Fund)
Resolution No. 2024-33016$ -$394,000Educational Initiatives Enhancements for Additional Services and Equipment
$ -$394,000Sub-Total
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
Resolution No. 2024-33016$235,000$224,000Educational Initiatives Enhancements for Additional Services
175,000175,000Contracted Bus Services for After-School Program Pick-ups (Parks and Recreation)
Resolution No. 2024-3301770,000 70,000 Additional Funding – Rock Ensemble
Resolution No. 2023-3286257,00057,000Additional Funding – PreK Scholarships Lottery Program
$537,000$526,000Sub-Total
Cleanliness Enhancements
Meeting/Resolution #FY 2026FY 2025One-Time (General Fund)
$ -$200,000Four (4) Specialized Pressure Washing Machines (Parks and Recreation)
$-$200,000Sub-Total
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
FERC – 7/12/2024$297,000$325,000Three (3) Full-Time Area Managers (Public Works)
269,000224,000Four (4) Full-Time Municipal Service Worker II Positions (Parks and Recreation)
$566,000$549,000Sub-Total
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Capital / Planning Enhancements
Meeting/Resolution #FY 2026FY 2025One-Time (General Fund)
FERC – 7/12/2024$ -$220,000Intensity and Density Analysis (Planning)
Resolution No. 2024-33000-100,000Feasibility Study for a Compacted Sand Path East of the Dunes
$ -$320,000Sub-Total
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
$2,452,000$2,043,000Additional Transfer to PayGo Capital based on Projected Interest Income
120,000120,000Preventative Maintenance for City Aquatic Facilities (Parks and Recreation)
$2,572,000$2,163,000Sub-Total
Other Enhancements
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
FERC – 7/12/2024$220,000 $220,000 Set aside for Proposed Amendment to Miami New Drama Management
Agreement for Colony Theatre (Tourism & Culture)
Resolution No. 2024-33200105,000 105,000 Funding for Conferences, Civic, Non-Profit, and Community Events for the City’s
Elected Officials
91,00076,000One (1) Full-Time Human Resources Records Technician
Resolution No. 2024-3302554,000 54,000 Additional Funding – State Lobbyist Services
62,00050,000Reclassify Existing Full-Time Assistant City Clerk Positions (2)
40,00039,000One (1) Part-Time Office Associate IV Position (Economic Development)
33,00033,000Additional Funding - Film Incentive Program
$605,000$577,000Sub-Total
Meeting/Resolution #FY 2026FY 2025One-Time (General Fund)
Resolution No. 2024-33179$ -$100,000 Small Business Grants
FERC – 7/12/2024-75,000Mixed-Use Entertainment (MXE) District Revenue and Expenditure Analysis
$ -$175,000Sub-Total
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Other Enhancements Cont’d
$FY 2026FY 2025Total General Fund Enhancements
$ -$2,989,000 Recommended One-Time Enhancements
5,684,0005,194,000Recommended Recurring Enhancements
$5,684,000$8,183,000Total
Meeting/Resolution #FY 2026FY 2025Recurring (General Fund)
FERC – 7/12/202430,000 30,000 Additional Funding – Normandy Fountain Programming
Resolution No. 2024-3318125,000 25,000 Annual Grant Contribution for Pridelines Miami Beach Project SAFE (Safe
Accommodations For Everyone)
Ordinance No. 2024-459915,00015,000Additional Funding – Sister Cities
4,0004,000Additional Funding – Beachfront Café Assessments (Café Index)
127,00082,000Impact of Recommended Internal Service Fund Department Enhancements on
General Fund
$201,000$156,000Sub-Total
FY 2025
2% Resort Tax
Budget Balancing
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Preliminary 2% Resort Tax Budget
FY 2025
$75.6 MRevenues
75.6 MExpenditures
$-Surplus / (Gap)*
Presented at July 12th FERC Budget Briefing
Resort Tax revenues for FY 2025 are projected
to remain flat over FY 2024 projections based
on actual collections reported as of March
2024 and revenues projected through the
remainder of FY 2024 at approximately 95% of
FY 2023 collections for the same period.
Projections remain consistent the most recent
collections data as of July 2024.
Reminders:
FY 2025
2% Resort Tax
Updates
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2% Resort Tax Budget Balancing
$FY 2025
$-Surplus/(Gap) as of July 12, 2024 FERC Budget Briefing
(1,000,000)Recommended “One-Time” Expenditure Enhancements/Reductions
1,000,000Revenue Refinements
$-Net Surplus/(Gap)
Updates based on/since July 12th FERC Budget Briefing
2% Resort Tax Budget Balancing
$FY 2025
(1,000,000)Miami Beach Cultural Anchors and Cultural Presenters Grants
($1,000,000)Total
“One-Time” Expenditure Enhancements:
$FY 2025
1,000,000Use of 2% Resort Tax Reserves for Miami Beach Cultural Anchors and
Presenters Grants
$1,000,000Total
Revenue Refinements:
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SPOTLIGHT
FY 2025
Sanitation Budget
Update
Sanitation Fund Balance Trend
$7
.
9
M
$8
.
5
M
$4
.
5
M
$3
.
6
M
$2
.
8
M
$7
.
8
M
$8
.
5
M
$8
.
0
M
$6
.
4
M
$3
.
3
M
$0.0 K
$1.0 M
$2.0 M
$3.0 M
$4.0 M
$5.0 M
$6.0 M
$7.0 M
$8.0 M
$9.0 M
9/30/2016 9/30/2017* 9/30/2018 9/30/2019 9/30/2020 9/30/2021** 9/30/2022 9/30/2023 9/30/2024
Projected***
9/30/2025
Projected*****Use of Sanitation Reserves for Hurricane Irma Expenses
**FEMA Reimbursements
***Projected as of Q2 of FY 2024, plus $175K approved by the City Commission on June 26, 2024 for Pet Waste Clean-up Pilot Program and Franchise Waste Hauler Analysis
****Based on Preliminary Budget as of 07/03/2024
NOTE: Available fund balance reflects funding that is, or is projected to be available, over and above the City’s required reserve and target levels per the City’s financial policies
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Sanitation Additional Enhancements
$FY 2025
($3,115,500)Surplus/(Gap) as of July 12, 2024 FERC Budget Briefing
(30,000)Additional One-Time Funding for Cat Program
(759,000)Six (6) Full-Time Sanitation Positions for the Residential Sidewalk Pressure Cleaning Program
141,500Refinement of miscellaneous FY 2025 Sanitation Fund revenues
(43,000)Refinement of miscellaneous FY 2025 Sanitation Fund expenditures
($3,806,000)Net Surplus/(Gap)
Updates based on/since July 12th FERC Budget Briefing
Updated Sanitation Fund Balance Trend
$7
.
9
M
$8
.
5
M
$4
.
5
M
$3
.
6
M
$2
.
8
M
$7
.
8
M
$8
.
5
M
$8
.
0
M
$6
.
3
M
$2
.
5
M
$0.0 K
$1.0 M
$2.0 M
$3.0 M
$4.0 M
$5.0 M
$6.0 M
$7.0 M
$8.0 M
$9.0 M
9/30/2016 9/30/2017* 9/30/2018 9/30/2019 9/30/2020 9/30/2021** 9/30/2022 9/30/2023 9/30/2024
Projected***
9/30/2025
Projected****
NOTE: Available fund balance reflects funding that is, or is projected to be available, over and above the City’s required reserve and target levels per the City’s financial policies
*Use of Sanitation Reserves for Hurricane Irma Expenses
**FEMA Reimbursements
***Projected as of Q3 of FY 2024
****Based on Proposed Budget as of 07/03/2024, including recommended enhancement(s)
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Other Fund
Enhancements
Recommended
Public Safety & Homeless Enhancements
Meeting/Resolution #FY 2026FY 2025FundOne-Time (All Other Funds)
$ -$140,000Police ConfiscationsBicycle Response Team Equipment
-68,000Police ConfiscationsCriminal Investigations Equipment
-58,000Police ConfiscationsFARO Premium 3D Mapping Equipment
$ -$266,000Sub-Total
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Transportation & Mobility Enhancements
Meeting/Resolution #FY 2026FY 2025FundOne-Time (All Other Funds)
Resolution No. 2024-33156$ -$306,000ParkingResidential Parking Decal Implementation Pilot Program
$ -$306,000Sub-Total
Meeting/Resolution #FY 2026FY 2025FundRecurring (All Other Funds)
$10,000$175,000TransportationBeachwalk Bicycle Counter & Speed Feedback Signs Program
125,000125,000TransportationMulti-modal Transportation Plans for Major Events (Art Week)
Resolution No. 2024-33034147,000121,000TransportationOne (1) Full-time Bicycle-Pedestrian Coordinator Position
$282,000$421,000Sub-Total
Infrastructure Enhancements
Meeting/Resolution #FY 2026FY 2025FundOne-Time (All Other Funds)
$ -$500,000SewerSanitary Sewer Master Plan Update
-500,000WaterWater Master Plan Update
$ -$1,000,000Sub-Total
Meeting/Resolution #FY 2026FY 2025FundRecurring (All Other Funds)
$55,000$51,000Convention CenterOne (1) Full-Time Plumber Position
$55,000$51,000Sub-Total
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Other Enhancements
Meeting/Resolution #FY 2026FY 2025FundOne-Time (All Other Funds)
Resolution No. 2024-33094$ -$45,000SustainabilityClean Miami Beach Grant Award
$ -$45,000Sub-Total
Meeting/Resolution #FY 2026FY 2025FundRecurring (All Other Funds)
$143,000$119,000Information
TechnologyOne (1) Full-Time Cybersecurity Analyst Position
111,00090,000Risk ManagementOne (1) Full-Time Safety Officer Position
104,00086,000Information
TechnologyOne (1) Full-Time Junior Systems Administrator Position
85,00067,000Water, Sewer &
StormwaterOne (1) Full-Time Office Associate V Position
(57,000)(81,000)Information
Technology
One (1) Full-Time Business Intelligence Engineer Position to Replace
Current Contracted Services
$386,000$281,000Sub-Total
Next Steps in
FY 2025
Budget Process
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Next Steps in FY 2025 Budget Process
Second Public Hearing to
Adopt Final Millage Rates &
Budgets (Operating &
Capital)
Commencement of
Fiscal Year 2025
SEPTEMBER 25th OCTOBER 1st
Thank you!!!
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