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R7D-Adopt FY 2013-14 Tentative Budgets For Special Revenue FundsCOMMISSION ITEM SUMMARY Condensed Title: A resolution of the Mayor and City Commission of the City Of Miami Beach, Florida, adopting the Fiscal Year (FY) 2013/14 tentative budgets for Special Revenue funds for Resort Tax; ih Street Garage Operations; City's Share of the Shortfall Contribution Requirements for the 5th and Alton Parking Garage Operations; Art in Public Places (AiPP); Tourism and Hospitality Scholarship Program; Green/Sustainability Fund, Waste Hauler additional Services and Public Benefit Contribution Fund; Education Compact Fund; Red Light Camera Fund; and Emergency 911 Fund Subject to a Second Public Hearing Scheduled on Monday, September 30, 2013 at 5:03...~:P:..:.:··m..:..:..:..... ______ ____. Key Intended Outcome Supported: Ensure expenditure trends are sustainable over the long term; Improve the City's overall financial Health and maintain overall bond rating; Increase Community Satisfaction with City Services Supporting Data (Surveys, Environmental Scan, etc.): Based on the 2009 community survey, quality of life in the City is rated highly, the City is seen as an 'excellent' or 'good' place to live, work, play or visit, and over %'s of residents would recommend it to others as a place to live. Impressively, 31 ofthe residential tracking questions from 2007 experienced increases in each of the areas measured by an overall average of approximately 7 .0%; and 28 of 32 business tracking questions experienced increases measured by an overall average of approximately 8.8%. Relevant findings were: arts and culture was one of services identified that the city should strive not to reduce; and availability of public parking was one of the services identified as key drivers of overall satisfaction levels. Issue: Shall the Mayor and City Commission adopt the attached resolution which adopts the FY 2013/14 tentative budgets for Special Revenue funds? Item Summary/Recommendation: The Resort Tax Fund FY 2013/14 tentative budget includes funding for administrative expenses, allocation to General Fund for tourist related services, contributions to the GMCVB AND VCA, special events, holiday decorations, tourism related economic enhancements, marketing etc. The ih St. Garage Fund FY 2013/14 tentative budget includes funding for the operating and debt service expenses of the ih St. Garage. The 51h and Alton Fund FY 2013/14 tentative budget includes funding for the operating expenses of the 5111 and Alton Garage. The Art in Public Places (Aipp) Fund FY 2013/14 tentative budget includes funding for the administrative expenses, AiPP projects under $25k and reserve for AiPP projects. The Tourism and Hospitality Scholarship Program Fund FY 2013/14 tentative budget includes funding for scholarships for Miami Beach residents or graduates of Miami Beach Senior High School in the food & hospitality industry. The Green/Sustainability Fund FY 2013/14 tentative budget includes funding for the operating budget for a citywide multi-family residence and commercial establishment recycling program, including a media, education and outreach recycling campaign, as well as the LEED project incentive. The Waste Hauler Additional Services & Public Benefit Fund FY 2013/14 tentative budget includes funding for sanitation related services. The Education Compact Fund FY 2013/14 tentative budget includes funding for the IB program & teacher training. The Red Light Camera Fund FY 2013/14 tentative budget includes funding for red light camera related operating expenses. The E-911 Fund FY 2013/14 tentative budget includes funding for E-911 related operating expenses. Advisory Board Recommendation: Financial Information: Source of Amount Funds: 1 $59,507,000 2 2,161,000 OBPI 3 602,000 A· 4 729,000 5 142,000 ~ 6 225,000 7 77,000 8 111,000 9 420,000 10 489,000 Total $64,463,000 City Clerk's Office Legislative Tracking: MIAMI BEACH Account Approved Resort Tax ih Street Garage Operations 5th & Alton Garage Operations Art in Public Places Tourism and Hospitality Scholarship Program Green/ Sustainability Fund Waste Hauler Additional Services & Public Benef1t Contribution Fund Education Compact Fund Red Light Camera Fund EmerQency 911 Fund I 95 AGENDA ITEM ___:R-:-=---:-7-==D:...__ DATE -----'9'---~'-L.'f=_,_/.-e:.3_ e MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachll.gov TO: FROM: DATE: SUBJECT: COMMISSION MEMORANDUM Mayor Matti Herrera Bower and Members of the City Commission Jimmy L. Morales, City Manager ;;tf',/'t /- September 11, 2013 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING FISCAL YEAR (FY} 2013/14 TENTATIVE BUDGETS FOR SPECIAL REVENUE FUNDS FOR RESORT TAX; THE 7th STREET PARKING GARAGE OPERATIONS; THE 5th AND ALTON PARKING GARAGE OPERATIONS; ART IN PUBLIC PLACES (AiPP), TOURISM AND HOSPITALITY SCHOLARSHIP PROGRAM, GREEN/SUSTAINABILITY FUNDS, WASTE HAULER ADDITIONAL SERVICES AND PUBLIC BENFIT CONTRIBUTION FUNDS, EDUCATION COMPACT FUNDS, RED LIGHT CAMERA FUNDS, AND EMERGENCY 911 FUNDS SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON MONDAY, SEPTEMBER 30,2013 AT 5:0.3 P.M. ADMINISTRATION RECOMMENDATION Adopt the Resolution ANALYSIS The City currently offers certain programs and activities not supported through the general operating budget, but by outside agency grants and self-supporting user fee programs. Funding from these sources will be utilized as follows: Resort Tax· $59,507,000 This fund operates for the collection of the special tax levied citywide on food, beverage and room rents used to support tourism related activities. This function, which operates under the direction of the Finance Department and the Office of Internal Audit, is responsible for ensuring that hotels, restaurants, bars and other establishments which serve food and beverages for consumption on its premises, comply with Section 5.03 of the City Charter, as amended, as it related to the reporting, and collection of resort taxes to the City. An allocation for "operations" provides for all collection and audit expenses associated with administering the Resort Tax function and are charged directly to this Special Revenue Fund. Included in this allocation is funding for seven (7) FTE positions and associated operating support totaling approximately $1,141,000. 96 FY 2013/14 Special Revenue Fund Tentative Budgets September 11, 2013 Page 2 of 6 The allocation to the General Fund for Fiscal Year 2013/14 of approximately $32.97 million pays for tourist related services and costs provided or managed by General Fund Departments. Based on an outside consultant study conducted in 2010 using FY 2007/08 actual costs, it is estimated that there are approximately $41.7 million in eligible resort tax expenditures in the General Fund, net of South Pointe tourism eligible costs. This funding supports public safety programs including our ocean rescue, police services on Lincoln Road, Ocean Drive/Lummus Park, Collins Avenue, Washington Avenue, ATV officers, Boardwalk security, special traffic enforcement and special event staffing; and fire rescue units in tourist and visitor areas. The funding also supports code compliance services to respond to evening entertainment areas and provides for a portion of the operational costs of the Tourism and Cultural Development. The Fiscal Year 2013/14 Resort Tax budget also includes an allocation to the Greater Miami Convention and Visitors Bureau (GMCVB) of approximately $5.3 million, $1.2 million for debt service, $2.3 million to the Miami Beach Visitor and Convention Center (VCA), $173,000 for a local Miami Beach marketing campaign to be augmented with funds from the GMCVB, the VCA, and the Cultural Arts Council (CAC); and including $75,000 for a grant to the FIU-Wolfsonian over two years to provide a master plan for the Museum site that will be used to access $10 million in Miami-Dade County General Obligation Bond funding for expanding and revitalizing their facilities on Washington Avenue and Lennox. Further, the 2013/14 Resort Tax Budget maintains funding for tourism-related economic development activities in North Beach that were initiated in FY 2011/12; provides $230,000 for holiday decoration (an enhancement of $65,000 from the FY2012/13 budget); funds $100,000 for the sponsorship fee to help offset marketing and advertising expenses associated with the Ms. USA or equivalent event; funds $2.8 million for enhancing the outcomes from major events such as Memorial Day, including management, Goodwill Ambassadors, and $165,000 in Administrative Fees to the General Fund for reimbursement of support provided by General Fund administrative departments. The proceeds of the additional one percent (1 percent) tax are used as follows. Fifty percent of the amount earned is committed to the payment of a portion of the debt service on the Miami Beach Redevelopment Agency-City Center/Historic Convention Village Bonds. These bonds were used for the development, improvement and construction of certain public areas including a portion of the Cultural Center facilities located within the City Center District. The remaining fifty percent of the 1 percent tax budget also reflects the approved allocation method for the Quality of Life funding, which includes the 25 percent for the arts, and to fund Quality of Life capital projects in North Beach (25 percent), Middle Beach (25 percent), and South Beach (25 percent), as well as various art and cultural programs or the maintenance and enhancement of Miami Beach's tourist related areas. Please see Attachment "A" for the revenue and expenditure detail budget. Revenues 2 percent 1 percent Other Revenues Total 97 $47,681,000 11,097,000 729,000 $59,507,000 FY 2013/14 Special Revenue Fund Tentative Budgets September 11, 2013 Page 3 of 6 Expenses Administrative Operating including Administrative Fees Allocation to General Fund for Tourist Related Services Contribution to GMCVB Contribution to VCA Marketing Special Events/ Goodwill Ambassadors Holiday Decorations Contingency Transfers to FlU Wolfsonian and Ms. USA or Equivalent Event Quality of Life Capital Projects & Cultural Programs Debt Service Total th Street Garage -$2,161,000 $1,326,000 32,965,000 5,366,000 2,289,000 173,000 2,839,000 230,000 1,836,000 175,000 5,548,500 6,759,500 $59,507,000 The Parking Department is responsible for the collection of the revenues in this garage which will be used to pay associated operating expenses and debt service. The operating budget is required to cover operating expenses, debt service, and reserve for replacement. Revenues Garage Operations Retained Earnings Total Expenses Operating Expenses Debt Service Reserve -Renewal & Replacement Total 5th and Alton Garage -$602,000 $2,161,000 Q $2,161,000 $1,228,000 787,000 146,000 $2,161,000 The 51h and Alton Garage a.k.a. "Potamkin Garage" is a joint venture development between the City of Miami Beach (City) and Potamkin/Berkowitz (Developer) where a condominium has been established wherein the City and Developer contributes 46 percent and 54. percent, respectively, to the operating expenses of the parking garage and also shares profits and losses consistent with the aforementioned distribution. The Parking Department is responsible for the collection of the revenues in this garage. In the event of any shortfall, the City's portion shall be made up by funds from excess revenues in the Parking Fund. Revenues Garage Operations Transfer from FY 2013/14 Parking Operations Budget Total 98 $409,752 192,248 $602,000 FY 2013/14 Special Revenue Fund Tentative Budgets September 11, 2013 Page 4 of6 Expenses Operating expenses Art in Public Places (AiPP) -$729,000 $602,000 The Art in Public Places (AiPP) Ordinance {Ordinance No. 95-2985) was adopted in 1995. The ordinance was created to "enhance the aesthetic environment of the City of Miami Beach by including works of art on public property within the City and in City construction projects." The AiPP Ordinance was amended in May 2004 to clarify the definition of terms for eligible construction projects for funding as well as the policy and procedures for appropriations. The AiPP Guidelines were also adopted by the City Commission at that time. The AiPP program is funded by 1 ~ percent of all hard costs of City projects, including new construction, additions, and costs for construction of joint private/public projects. The fund is used for the commission or acquisition of works of art; conservation and maintenance of works of art; research and evaluation of works of art; printing and distribution of related materials; and administration. The FY 2013/14 AiPP budget of $729,000 is funded from capital budget appropriations in the amount of $729,000. Revenues Capital Budget Appropriations Expenses Administration AiPP Projects Under $25K Reserve for AiPP Projects Total Tourism and Hospitality Scholarship Program-$142,000 $729,000 $151,000 53,000 525,000 $729,000 The City of Miami Beach Tourism and Hospitality Scholarship Program began in 2003 in partnership with the Greater Miami Convention and Visitors Bureau (GMCVB), SMG and Centerplate. Contributions to the City's scholarship program were contractually required of the three (3) entities. During the GMCVB's contract renewal in 2004, the requirement was removed from their contract. In September of 2008, the City replaced SMG with Global Spectrum. Global Spectrum and Centerplate currently partner with the City on this program and contribute $15,000 and $20,000 respectively annually. There is also a carry forward balance of $107,000 available. The scholarship program is geared toward Miami Beach residents or graduates of Miami Beach Senior High School who are enrolled or are planning to enroll in post-secondary education and have expressed interest in the food and hospitality industry (as demonstrated by coursework and extracurricular activities). Since the inception of the program, $219,550 has been awarded to more than 44 different Miami Beach students. 99 FY 2013/14 Special Revenue Fund Tentative Budgets September 11, 2013 Page 5 of 6 Revenue Carry forward balance FY 2013/14 Contribution Total Expenses Reserve for FY 2013/14 & Future Scholarships Green I Sustainability Funds -$225,000 $107,000 $35,000 $142,000 $142,000 The Environmental Sustainability fund provides funding for the operating budget for a citywide multi-family residence and commercial establishment recycling program, including an initiation of a media, education and outreach recycling campaign. Revenues Carry forward balance $225,000 Expenses Recycling/ LEED program expenses $225,000 Waste Hauler Additional Services & Public Benefit Funds-$77,000 Waste Hauler Additional Services and Public Benefit Contribution funds for sanitation related services including monthly "Wasteful Weekends" bulk drop off site expenses and twice yearly hazardous waste drop-off site expenses Revenues Carry forward balance Expenses Sanitation-related services Education Compact Funds -$111,000 $ 77,000 $77,000 The Education Compact fund provides funding for teacher development programs, City's contribution for school agenda books, fees to the International Baccalaureate Organization, and other expenses to fund community education compact events. Revenues Carry forward balance $ 111,000 Expenses IB Program & Training $ 111,000 100 FY 2013/14 Special Revenue Fund Tentative Budgets September 11, 2013 Page 6 of6 Red Light Cameras -$420,000 Since the City's Red Light Camera Photo Enforcement Program went into effect on April 15, 201 0 crashes have decreased at the 9 intersections where the cameras have been installed. Due to the previous revisions to State law regulating red light camera photo enforcement, the number of Notice of Violations has been trending downward over the last two (2) years. However, effective July 1, 2013, the most recent change in State law regulating red light camera photo enforcement went into effect, and now requires a complete stop before making a right turn. Since July 1, 2013, the City has experienced a marked increase in the number of Notice of Violations. Based on the changes in State law, municipalities with red light camera programs are required to fund local hearing officers for drivers who get violation notices and want to appeal them. The FY 2013/14 expenditure budget includes $49,000 for a Clerk position and funding for a Special Master. These additional costs are offset by new hearing appeal fee revenues. Revenues Violation Revenue Expenses Operating Expenses Emergency 911 Funds -$489,000 $420,000 $420,000 The Emergency 911 funds were previously budgeted in the Citywide (General Fund} accounts. Beginning with the FY 2012/13 budget, the administration has made a policy decision to create a separate fund for the E-911 budget, and remove it from the Citywide Accounts. This will allow for more discrete reconciliation of revenues and expenses. 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