TAX INCREMENT REVENUE CALCULATION (TAX INCREMENT FINANCING) HOLLYWOOD BEACH CRA - FY 2014 AMENDED BUDGET November 6, 2013

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1 TAX INCREMENT REVENUE CALCULATION (TAX INCREMENT FINANCING) HOLLYWOOD BEACH CRA - FY 214 AMENDED BUDGET November 6, 213 INCREMENT VALUE - APPROVED County City Hospital CSC 213 TAX YEAR ASSESSED VALUE $ 2,14,446,36 $ 2,14,446,36 $ 2,18,151,2 $ 2,18,151,2 1997/98 BASE YEAR ASSESSED VALUE $ 545,881,1 $ 545,881,1 $ 545,881,1 $ 545,881,1 TAX INCREMENT VALUE $ 1,558,565,35 $ 1,558,565,35 $ 1,562,27,1 $ 1,562,27,1 INCREMENT VALUE - FINAL 213 TAX YEAR ASSESSED VALUE - FINAL $ 2,13,523,23 $ 2,13,523,23 $ 2,17,362,5 $ 2,17,362,5 1997/98 BASE YEAR ASSESSED VALUE $ 545,881,1 $ 545,881,1 $ 545,881,1 $ 545,881,1 TAX INCREMENT VALUE $ 1,557,642,22 $ 1,557,642,22 $ 1,561,481,49 $ 1,561,481,49 TAXING AUTHORITIES' MILLAGE RATE Approved FY 14 FY 14 BROWARD COUNTY CITY OF HOLLYWOOD HOSPITAL DISTRICT.5.4 CHILDREN SRV. COUNCIL TOTAL RATE (without hospital) TOTAL RATE CALCULATION OF INCREMENT REVENUE (CURRENT TAX INCREMENT VALUE / 1 x ALL AUTHORITIES' MILLAGE x 95%) FY 214 FY 213 Final COUNTY $ 8,49, $ 7,67,7.42 $ 982,195 CITY $ 11,21,15.32 $ 1,12,82.69 $ 1,9,23 HOSPITAL $ 593, $ 89,65.51 $ (215,73) HOS/CAP $ 3,. $ 3,. $ - C.S.C. $ 724,199.5 $ 661,6.52 $ 63,193 TOTAL INCREMENT REVENUE TO CRA $ 2,95, $ 18,4, $ 2,54,41 YEAR CRA TAXABLE (City) INC/DEC PRIOR YR TAX INCREMENT REVENUE HISTORY INCREMENT BASE YEAR % INC/DEC PRIOR YR CRA TIF FUNDING $ INC/DEC PRIOR YEAR % INC/DEC PRIOR YEAR 1997 $ 545,869,7 Base Year FY98 $ 545,869,7 $ - Base Tax Lag FY99 $ 561,678,72 $ 15,89,2 $ 15,89,2 2.9% $ 223,461 $ 223,461 FY $ 579,33,58 $ 17,651,86 $ 33,46, % $ 444,428 $ 22, % FY1 $ 614,985,3 $ 35,654,72 $ 69,115,6 6.15% $ 891,66 $ 446, % FY2 $ 676,325,37 $ 61,34,7 $ 13,455, % $ 1,618,24 $ 727, % FY3 $ 1,6,525,32 $ 384,199,95 $ 514,655, % $ 6,941,919 $ 5,323, % FY4 $ 1,156,139,44 $ 95,614,12 $ 61,269,74 9.2% $ 8,339,51 $ 1,397, % FY5 $ 1,215,993,87 $ 59,854,43 $ 67,124, % $ 9,83,25 $ 1,463, % FY6 $ 1,365,436,8 $ 149,442,21 $ 819,566, % $ 1,914,958 $ 1,111, % FY7 $ 2,44,191,1 $ 678,754,93 $ 1,498,321, % $ 18,598,733 $ 7,683, % FY8 $ 2,443,332,65 $ 399,141,64 $ 1,897,451, % $ 2,99,79 $ 1,5, % FY9 $ 2,333,828,81 $ (19,53,84) $ 1,787,947,8-4.48% $ 18,97,968 $ (1,191,741) -5.93% FY1 $ 1,932,779,95 $ (41,48,86) $ 1,386,898, % $ 15,267,545 $ (3,64,423) % FY11 $ 2,7,421,73 $ 74,641,78 $ 1,461,54, % $ 17,354,595 $ 2,87, % FY12 $ 1,954,614,27 $ (52,87,46) $ 1,48,733, % $ 17,813,35 $ 458, % FY13 $ 1,96,915,37 $ 6,31,1 $ 1,415,34,36.32% $ 18,4,79 $ 227, % FY14 $ 2,13,523,23 $ 142,67,86 $ 1,557,642, % $ 2,95,2 $ 2,54, % EXHIBIT A

2 CITY OF HOLLYWOOD COMMUNITY REDEVELOPMENT AGENCY - BEACH DISTRICT FY 214 AMENDED OPERATING BUDGET November 6, 213 APPROVED BUDGET AMENDED BUDGET REVENUES Intergovernmental - City of Hollywood 11,27,637 11,21,15 - Broward County (TIF) 7,784,598 8,49,895 - South Broward Hospital District 3, 3, - Children's Services Council 724, ,2 Miscellaneous 135, 135, Other Sources - Grants 149,5 149,5 Revenues 2,121,3 2,379,7 OTHER RESOURCES Prior Year Fund Balance - Assigned 22,995,3 22,995,3 Prior Year Fund Balance - Unassigned 3,919,17 3,919,17 Other Resources 26,914,173 26,914,173 Resources Available 47,35,473 47,293,873 EXPENDITURES Personal Services 1,991,926 1,938,487 1,121,926 15,821,34 Debt Service 5,235,63 5,235,63 1,337, 45, Expenditures 18,686,455 23,445,43 CAPITAL IMPROVEMENT PROJECTS Capital Projects - Reappropriated 22,995,3 17,433,451 Capital Projects - New 6,414,992 Capital Improvement Projects 22,995,3 23,848,443 OTHER USES Fund Balance/Reserves 5,354,15 Other Uses 5,354,15 Resources Allocated 47,35,473 47,293,873 EXHIBIT B

3 TRANSFER FROM Account Number Account/Project Name Amount Const-Underground Utilities PH2 BCRA99 $ 1,88,336. Amount to be Transferred $ 1,88, Const - UndGrnding PH3 Clev to N Mex $ 1,88,336. Amount Transferred In $ 1,88,336. Net Adjustment $ - Explanation: EXHIBIT C CAPITAL IMPROVEMENT PLAN AMENDMENT TRANSFER TO Phase II of the Undergrounding of Utilities project has been completed. Funds are being transferred to begin Phase III of the project. TRANSFER FROM Account Number Account/Project Name Amount Eng Ser-Fire Resc & B Safety $ 132, Land - Lots BLK 15 $ 7, Const Ser-AIA Safety & Beautification $ 17, Land Betterment-Public Beach Sand Renourishment $ 3,433,99. N/A Unreserved Fund Balance $ 853,44. Amount to be Transferred $ 4,534,656. TRANSFER TO Const Imp - Sage Beach Reimb Pub Imp FY 14 $ 1,312, Eng Ser-Underground PH3 $ 1,462, Const - UndGrnding PH3 Clev to N Mex $ 873, Const Imp - Lifeguard Towers $ 112, Eng/Arch Ser BCRA Wide R-13-4 $ 575, Const Imp - Turtle Lighting $ 2,. Amount Transferred In $ 4,534,656. Net Adjustment $ - Explanation: Funds are being transferred from closed projects or those nearing completion, as well as Unreserved Fund Balance to fund Phase III - Undergrounding of Utilities; Sage Beach Public Improvements Reimbursements; and other smaller capital projects. EXHIBIT C

4 Detail Report: FY 214 Budget 1/3/213 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Department/Office: Community Redevelopment Agency - Beach District Fund 63 Beach CRA Office/Division: Physical Environment Capiital - Public Safety Complex ENG SER-FIRE RESC & B SAFETY R-8-11 TIF 116,94 116, LAND-LOTS BLK 15 1,546,113 BCRA R-6-23 TIF 1,546,113 Capiital - Public Safety Complex 1,663,53 Capital - Equip (Benches/Trash Receptacles) TIF EQUIP-BENCHES & TRASH RECEPTACLES 25, 25, 25, 25, Capital - Equip (Benches/Trash Receptacles) Cult & Rec - SEA Camp 25, 25, SALARIES AND WAGES - 38,584 42,539 4,127-2,412 FULL TIME SALARIES AND WAGES - 75,45 95,744 95,744 PART TIME SOCIAL SECURITY 8,625 3,254 3, GENERAL PENSION LIFE INSURANCE HEALTH INSURANCE 13,73 15,5 16, DENTAL INSURANCE WORKERS COMP 2,329 2,567 2, Personal Services 138,399 16, ,559-2, CONTRACTUAL SERVICES 73,897 3, 3, TRAVEL 1,656 35, 35, TELEPHONE OFFICE SUPPLIES OPERATING SUPPLIES 4,248 1, 1, 8,33 75, 75, Cult & Rec - SEA Camp 218,72 235, ,559-2, 1/9

5 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Capital - UU Phase III ENG SER-UNDGRD PH 3 CLEV TO N MEX R149 8,625 1,551,514 1,551,514 8,625 1,551,514 1,551,514 Capital - UU Phase III 8,625 1,551,514 1,551,514 Capital - Margaritaville Construction CONST-MARGARITAVILLE PUB IMP BCRA ,933,76 4,933,76 4,933,76 4,933,76 Capital - Margaritaville Construction 4,933,76 4,933,76 Capital - A1A Safety & Beautification CONS SER-A1A SAFETY & BEAUT BCRA ,665 5,665 Capital - A1A Safety & Beautification Capital - Trolley Service 5, PROM - TROLLEY SERVICE 149,5 149,5 149,5 149,5 Capital - Trolley Service 149,5 149,5 Capital - A1A Median Beautification LANDSCAPE - TDLC A1A MEDIAN BEAUT 22,132 22,132 22,132 22,132 Capital - A1A Median Beautification 22,132 22,132 Engineering/Architectural Services Eng/Arch Ser - BCRA Wide R , 575, 575, 575, Engineering/Architectural Services 575, 575, Const Imp - Lifeguard Towers CONST IMP - LIFEGUARD TOWERS FY , 112, 112, 112, Const Imp - Lifeguard Towers 112, 112, Const Imp - Turtle Lighting CONST IMP - TURTLE LIGHTING 2, 2, 2, 2, Const Imp - Turtle Lighting 2, 2, 2/9

6 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Const Imp - Tree Replacement LANDSCAPING - TREES REPLACEMENT 15, 15, 15, 15, Const Imp - Tree Replacement 15, 15, Const Imp - Sage Beach Reimb Const Imp - Sage Beach Reimb Pub Imp FY 14 1,312,5 1,312,5 1,312,5 1,312,5 Const Imp - Sage Beach Reimb 1,312,5 1,312,5 Capital - Small Cap Improvements CITY-CRA OPERATING SUPPORT / CAPITAL 2,, 1,5, 1,5, SMALL CAPITAL IMPROVEMENT PROJECTS 145,577 5, 25, -25, 2,145,577 2,, 1,75, -25, LAND BETTERMENT-PUBLIC 2,728,769 1,713,597 1,713,597 BEACH SAND RENOU MOTOR VEHICLES 75, 5, -25, 2,728,769 75, 1,763,597 1,688,597 Capital - Small Cap Improvements 4,874,346 2,75, 3,513,597 1,438,597 Physical Environment 6,77,391 2,335,559 12,778,562 1,443,3 Office/Division: Construction Improvements Capital - UU Conv/St Scape CONST-UNDERGRD UTIL CONV/ST SCAPE BD 7 Capital - UU Conv/St Scape Capital - UU Phase II CONST-UNDERGROUND UTILITIES PH2 BCRA99 3,778,232 5, 5, 3,778,232 5, 5, Capital - UU Phase II 3,778,232 5, 5, Capital - UU Phase III CONST - UndGrnding PH3 Clev to N Mex 2,753,44 2,753,44 2,753,44 2,753,44 Capital - UU Phase III Construction Improvements 2,753,44 2,753,44 3,778,232 3,253,44 3,253,44 3/9

7 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Office/Division: Administrative Services General Government SALARIES AND WAGES - 861,746 91,64 1,41,833 14,193 FULL TIME SALARIES AND WAGES - 98,384 2, 126,547-73,453 PART TIME ACCRUED LEAVE 4,445 2, 2, OVERTIME 9,72 1, 1, SOCIAL SECURITY 83,56 68,975 79,7 1, DEFERRED COMPENSATION - 14,692 12,4 16,2 3, OTHER PENSION , ,37 128,61 13, LIFE INSURANCE 1,855 2,444 2, HEALTH INSURANCE 184, ,8 315,735 73, DENTAL INSURANCE 3,937 4,867 6,14 1, WORKERS COMPENSATION 23,682 23,686 33,65 9,379 Personal Services 1,446,999 1,6,182 1,779, , CONSULTING SER-OUTSIDE 25, 25, LEGAL SERVICES CONSULTING SERVICE - 12,516 12,516 12,516 LEGAL SERVICES CONSULTING SER - 25, 25, LEGISLATIVE AGENDA TRAINING/TRAVEL 13,5 5, 2, 15, TRANSPORTATION/CAR 16,446 13,48 13,48 ALLOWANCE TELEPHONE 4,284 3,2 3, COMMUNICATIONS RADIO 1,375 2,79 2,79 SERVICES MAINFRAME SYSTEM 25, 25, 25, SUPPORT PC LEASE/SUPPORT 9, RECORDS AND ARCHIVES 2,578 3,656 3, POSTAGE 282 1,2 1, ELECTRICITY - BROADWALK 17,433 25, 25, WATER - STREET END 39,434 45, 45, PLAZAS BUILDING/OFFICE RENTAL 43,767 4, 45, 5, EQUIPMENT RENTAL 4,39 3,377 5, 1, LIABILITY INSURANCE 3,321 4,64 4, PROPERTY INSURANCE 5,6 5,6 5, MAINTENANCE , 1, BUILDING/OFFICE 4/9

8 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY PRINTING AND BINDING 1,186 2,35 2, ADVERTISING 33 2,2 2, OFFICE SUPPLIES 7,133 1, 9, COMPUTER 19,58 2,5 2,5 HARDWARE/SOFTWARE (<$75) PROFESSIONAL 9,85 5, 6, 1, MEMBERSHIPS TECHNICAL PUBLICATIONS 1, 1, HOST ACCOUNTS 679 1, 1, PROCUREMENT CARD 1,77 PURCHASES 328,59 354, ,553 22, FURNITURE/OFFICE 25, 5, -2, EQUIPMENT 25, 5, -2, PRINCIPAL - BCRA 27 SERIES BOND 2,1, 2,9, 2,17, 8, PRINCIPAL - BCRA 24 SERIES BOND 84, 88, 925, 45, INTEREST - BCRA 27 SERIES BOND 1,567,46 1,486,663 1,41,463-85, INTEREST - BCRA 24 SERIES BOND 824,469 78, ,141-46, OTHER CHARGES - BCRA 27 SERIES BOND 2,382 2,5 2, FISCAL CHARGES - BCRA 24 SERIES 2,25 2,5 2,5 Debt Service 5,246,57 5,242,57 5,235,64-6,453 Administrative Services Hlwd Office of Tourism (HOT) 7,22,96 7,221,758 7,397,86 175, TRAINING/TRAVEL 5,557 67,5 4, -27, POSTAGE/MAILINGS - HOT 2,98 25, 25, RENTAL - VISITOR CENTER 58,53 156, 156, LEASE PRINTING AND BINDING - HOT 15,39 8, 3, -5, PROMO/MARKETING - CRUISE 153,33 2, 16, -4, LINE MARKETING PROGRAM AND RESEARCH - 34,366 5, 2, -3, HOT PROM-TOURISM & VISITOR 3, 3, SER BCRA-R ADVERTISING - HOT 71,197 69, 69, 5/9

9 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY OPERATING COST - HOT 34,246 59, 3, -29, TOURISM SUPPLIES PRJ COST- 82,23 COMMERC/ADVERT/MEDIA BCRA PROFESSIONAL 2,45 3, 3, MEMBERSHIP - HOT 1,152,7 1,33,5 1,184, -146,5 Hlwd Office of Tourism (HOT) Projec t Grants/Expenses 1,152,7 1,33,5 1,184, -146, GRANTS MATCH 25, 15, -1, (LOCAL/STATE/FEDERAL) LOCAL TRANSIT SYSTEM 544, , , -5, BUSINESS/RETAIL 1, 25, -75, RECRUITMENT HOTEL IMPROVEMENT 362,538 5, 4, -1, PROGRAM WIRELESS INTERNET CHARGES PROPERTY IMPROVEMENT 346,555 5, 4, -1, PROGRAM MARGARITTAVILLE LOAN 16,5, 16,5, INCENTIVE PROPERTY TAX PAYMENTS 68 1, 1, 9, 1,253,872 1,89,498 18,64, 16,173,52 Projec t Grants/Expenses 1,253,872 1,89,498 18,64, 16,173,52 Promotional Grants/Expenses SPONSORSHIPS (COMMUNITY RELATIONS Promotional Grants/Expenses Special Events CONTRACTUAL SERV - 75, 75, 75, HOLIDAY AESTHETICS CITY SPONSOR EVENTS 55,575 66, 66, SPECIAL EVENTS - CRA 172,946 15, 25, 1, MAINTENANCE - 35, 35, PROPERTY/LAWN SPECIAL EVENTS 33, , 426, 135, COMPETITIVE GRANT 451 PROGRAM CONTINGENCY 5, 25, -25, 6/9

10 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Non , 25, -25, Special Events Advertising 33, , 451, 11, CONSULTING SERVICES 77,349 15, 12, -3, (PLAN/ARCH/ENG) CAPITAL IMPROVEMENT - 286,473 75, 4, -35, MAINTENANCE RESEARCH 7,573 12, 12, MERCHANT CO-OP 35 ADVERTISING CRA AGENCY - PROMOTIONS 12,378 3, 2, -1, ECONOMIC DEVELOPMENT - 87,332 13, 1, -3, ADVERTISING 471,455 1,72, 652, -42, Advertising 471,455 1,72, 652, -42, Professional Services SALARIES & WAGES - TEMPORARY SERVICES 61,199 6, 6, Personal Services 61,199 6, 6, PROPERTY APPRAISAL 25, 1, -15, SERVICES CONTRACTUAL SERVICES- 3,98 5, 2, -3, BEACH MAINTENANCE ACCOUNTING/BOND 31,556 5, 5, ISSUE/FINANCIAL ENHANCED BEACH SAFETY 1, 25, -75, (LIFEGUARDS) OTHER CONTRACTUAL-CODE 6 17,5 17,5 ENF CHARGEBACKS GENERAL FUND PAYMENT- 1,289, 1,289, 1,289, COMMUNITY POLICING OTHER CONSULTING 3, 3, OTHER CONTRACTUAL - 77,285 77, ,285 75, GENERAL FUND PAYMENT GENERAL FUND PAYMENT - 28,648 75, 75, POLICE OVERTIME PROJ COST-JOHNSON ST 94, 15, 75, -75, RFP EXP TRACKING CONSUMABLE 2,41 5, 25, -25, EQUIPMENT/TOOLS 2,174,867 2,513,785 2,398, , EQUIP-BEACH CODE 95 5, 5, ENFORCEMENT EQUIPMENT 7/9

11 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY EQUIPMENT - BEACH 12,813 15, 5, -1, MAINTENANCE EQUIPMENT 121, , 55, -1, TRANSFER TO SPECIAL REV R-BCRA , TRANSFER TO PARKING FUND (LOSS PARKING) 781,46 781,46 1,, 218,54 Non- 925, ,46 1,, 218,54 Professional Services General Government 3,283,565 3,51,245 3,513,785 3,54 13,487,717 15,366,1 31,261,871 15,895,87 Fund: 63 Beach CRA 24,36,34 17,71,56 47,293,873 29,592,313 Community Redevelopment Agency - Beach District 24,36,34 17,71,56 47,293,873 29,592,313 8/9

12 Detail Report: FY 214 Budget Account Number Account Name FY 212 FY 213 FY 214 Grand : All Funds 24,36,34 17,71,56 47,293,873 29,592,313 9/9