HomeMy WebLinkAbout2005-26010 Reso
RESOLUTION NO. 2005-26010
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING FISCAL YEAR 2005/06
BUDGETS FOR SPECIAL REVENUE FUNDS FOR RESORT TAX; 7th
STREET GARAGE OPERATIONS; SOUTH POINTE CAPITAL RENEWAL
AND REPLACEMENT; AND THE STATE MAJOR CULTURAL
INSTITUTION GRANT FOR THE BASS MUSEUM.
WHEREAS, expenses related to tourism, monitoring and auditing payments, and
receipt of Resort Taxes to the City will be paid by the Resort Tax Fund; and
WHEREAS, the budget for the public parking garage located at 7th Street and
Collins Avenue (the 7th Street Parking Garage) provides funding for operating expenses,
debt service and a reserve for replacement; and
WHEREAS, the South Pointe RDA expires on September 30, 2005, and pursuant to
the 2001 and 2003 amendments to the Convention Development Tax (CDT) Interlocal
Agreement with Miami-Dade County, 500/0 of the equivalent tax increment revenue is
required to be spent within the geographic area formerly known as the South Pointe RDA
District. Accordingly, 500/0 of the City's portion of the tax increment revenue associated
with the 0.182 Capital Renewal and Replacement millage which will generate $192,453,
must be spent within the South Pointe Area; and
WHEREAS, a State Major Institution Grant received by the Bass Museum of Art
from the State of Florida Division of Cultural Affairs will be used for general operation
purposes of the Museum.
NOW, THEREFORE, BE IT DULY RESOLVED BY THEMAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby adopts the Fiscal Year 2005/06 budgets for Special Revenue Funds
as listed below:
SPECIAL REVENUE/
APPROPRIATIONS
Resort Tax
7th Street Garage
South Pointe Capital Renewal and Replacement
State Major Cultural Institution Grant for the
Bass Museum of Art
Total All Funds
FY 2005/06
BUDGET
$35,246,000
1,956,357
192,453
/1
/
,/
102,684
$37,497,494
PASSED and ADOPTED this 21stday sif Se
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CITY CLERK
Robert Parcher
APPROVED AS TO
FORM & LANGUAGE
MAYOR CUTION
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CITY OF MIAMI BEACH
COMMISSION ITEM SUMMARY
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Condensed Title:
A Resolution adopting Fiscal Year 2005/06 budgets for Special Revenue funds for Resort Tax; th
Street Garage Operations; South Pointe Capital Renewal and Replacement; and the State Major
Cultural Institution Grant for the Bass Museum.
Issue:
Should the Commission adopt Fiscal Year 2005/06 budgets for Special Revenue funds for Resort
Tax, ih Street Garage Operations; South Pointe Capital Renewal and Replacement; and the
State Major Cultural Institution Grant for the Bass Museum?
Item Summary/Recommendation:
The administration recommends adopting the Fiscal Year 2005/06 budgets for Special revenue
funds for Resort Tax; ih Street Garage Operations; South Pointe Capital Renewal and
Replacement; and the State Major Cultural Institution Grant for the Bass Museum.
Advisory Board Recommendation:
I
Financial Information:
Source of
Funds:
[j]
Finance Dept.
$35,246,000
1,956,357
192,453
102,684
Resort Tax
7 Street Garage Operations
South Pointe Capital
Renewal and Re lacement
State Grant for Bass Museum
$37,497,494
City Clerk's Office Legislative Tracking:
I
AGENDA ITEM
DATE
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CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
www.cLmiami-beach.f1.us
COMMISSION MEMORANDUM
From:
Mayor David Dermer and Date: September 21,2005
Members of the City Commission
Jorge M. Gonzalez , ~Y
City Manager 0 U
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ADOPTING FISCAL YEAR
2005/06 BUDGETS FOR SPECIAL REVENUE FUNDS FOR
RESORT TAX; 7TH STREET GARAGE OPERATIONS; SOUTH
POINTE CAPITAL RENEWAL AND REPLACEMENT; AND THE
STATE MAJOR CULTURAL INSTITUTION GRANT FOR THE BASS
MUSEUM.
To:
Subject:
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
ANAL YSIS
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 - $35,246,000
This fund accounts 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) positions and associated operating support totaling $874,096.
FY 2005/06 - Special Revenue Budgets
September 21 , 2005
Page 2
The allocation to the General Fund for Fiscal Year 2005/06 of approximately
$19.6 million pays for tourist related services and costs provided or managed
by General Fund Departments. This funding supports approximately $18.5
million of public safety programs including our beach patrol, police services on
Lincoln Road, Ocean Drive/Lummus Park, Collins Avenue, Washington
Avenue, A TV officers, Boardwalk security, special traffic enforcement and
special event staffing; and fire rescue units in tourist and visitor areas as well
as special event support services. Approximately $500,000 supports code
compliance services to respond to evening entertainment areas and for special
events. An additional $600,000 provides for a portion of the operational costs
of the Tourism and Cultural Development Department, and a contribution to
the Cultural Arts Council beyond their annual interest allocation from the
investment of City funds.
The Fiscal Year 2005/06 budget also includes a $500,000 contingency for
other Resort Tax eligible expenses such as: special events, festivals,
marketing, and protocol. This budget also reflects the revised allocation
method for the Qualify of Life funding, which includes the arts, approved by
the Finance and Citywide Projects Committee on February 18, 2004.
$400,000 is also provided for a local Miami Beach marketing campaign, to be
matched with funds from the Greater Miami Convention and Visitors Bureau,
the Miami Beach Visitor and Convention Authority, and the Cultural Arts
Cou ncil.
The proceeds of the additional one percent (10/0) 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 \(illage 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 is allocated equally among North Beach, Middle
Beach and South Beach for the maintenance and enhancement of Miami
Beach's tourist related areas. In prior years, these funds were used for the
following: beautification and landscaping within these areas, various art and
cultural programs (Festival of the Arts, Miami Mimo Exhibits, 2nd Thursdays,
etc.), and public safety.
Effective October 1, 2005, the remaining fifty percent will be used to fund
Quality of Life Capital projects North Beach, Middle Beach and South Beach
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.
FY 2005/06 .:... Special Revenue Budgets
September 21,2005
Page 3
7th Street Garage - $1,956,357
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. In the event of any shortfall in projected
revenues, the difference shall be made up by funds from excess parking
revenues.
Operating Expenses
Debt Service
Reserve for Replacement
Total
$1,066,867
789,282
100,208
$1,956,357
South Pointe Capital Renewal and Replacement - $192,453
In FY 2004/05, the South Pointe Capital Renewal and Replacement was
funded through the South Pointe RDA District in the amount of $199,679.
With the expiration of the District, and pursuant to the 2001 and 2003
amendments to the Convention Development Tax (COT) lnterlocal Agreement
with Miami-Dade County, 500/0 of the equivalent tax increment revenue is
required to be spent within the geographic area formerly known as the South
Pointe RDA District. Accordingly, 50% of the City's portion of the tax
increment revenue associated with the 0.182 Capital Renewal and
Replacement millage which will generate $192,453, must be spent within the
South Pointe Area.
State Major Cultural Institution Grant for the Bass Museum of Art - $102,684
Third year of a three-year grant from the State of Florida Division of Cultural
Affairs to provide security personnel for the facility and other operating
su pport.
CONCLUSION
The attached Resolution adopting funding for FY 2005/06 budgets from these
sources is vital to the continuation of these projects and activities provided by the
City.
JMG:KGB:JC
ATTACHMENT "A"
CITY OF MIAMI BEACH, FLORIDA
RESORT TAX FUND BUDGET - FISCAL YEAR 2005/06
2% 1% Total
Revenues:
Resort Tax $ 28,206,000 $ 5,945,000 $ 34,151,000
Special Assessment-North Shore 263,000 263,000
Interest Income 125,000 125,000
Registration Fees 7,000 7,000
Retained Earnings 700,000 700,000
Total Revenue $ 29,301,000 $ 5,945,000 $ 35,246,000
Expenditures:
Personnel Costs:
Salaries & Wages $ 179,172 $ 0 $ 179,172
Health, Life & Dental Insurance 7,619 7,619
Pension Contributions & Other Benefits 30,716 30,716
Total Personnel Costs $ 217,507 $ 0 $ 217,507
Operatina Costs:
Professional Services $ 10,000 $ 0 $ 10,000
Internal Audit/Resort Tax Auditors' Expenditures 557,742 557,742
Telephone 1,500 1,500
Postage 500 500
Administrative Fees 26,450 26,450
Rent-Building & Equipment 3,585 3,585
Printing 100 100
Office Supplies 750 750
Other Operating Expenditures 1,000 1,000
Local Mileage 50 50
Training 2,000 2,000
Internal Service - Central Service 3,570 3,570
Internal Service - Property Management 3,496 3,496
Internal Service - Communications 6,110 6,110
Internal Service - Self Insurance 16,902 16,902
Internal Service - Computers 20,095 20,095
Internal Service - Prop. Management/Electrical 2,739 2,739
Total Operating Costs $ 656,589 $ 0 $ 656,589
Total Operating Expenditures $ 874,096 $ 0 $ 874,096
Other Uses:
Contribution to VCA $ 1,353,888 $ 1,353,888
Contribution to Bureau 5,000,000 5,000,000
Marketing 400,000 400,000
Excise Tax Bonds 298,706 298,706
Other Designated Expenditures 2,972,500 2,972,500
Debt Service:
North Shore 935,000 935,000
Gulf Breeze 368,000 368,000
TI F Bonds 2,972,500 2,972,500
Contingency 500,000 500,000
General Fund Contribution 19,571,310 19,571,310
Total Other Uses $ 28,426,904 $ 5,945,000 $ 34,371,904
Net $ 0 $ (0) $ (0)
Explanation of Other Desianated Expenditures:
South Beach - Quality of Life Capital $ 0 $ 743,125 $ 743,125
Middle Beach - Quality of Life Capital 743,125 743,125
North Beach - Quality of Life Capital 743,125 743,125
Arts 743,125 743,125
$ 0 $ 2,972,500 $ 2,972,500