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BAYFRONT PARKMANAGEMENT TRUST. OPERATING & CAPITALIMPROVEMENT BUDGETSFISCAL YEAR 2016/2017
BAYFRONT P AR1( MANAGEMENT TRUSTOPERATING BUDGET FOR FISCAL YEAR 2016/2017Table of ContentsI. Trust MembersII. Letter of IntroductionIII. Budget SummaryIV. Bayfront Park Operating BudgetV. Bayfront Park Capital Improvement BudgetVI. Revenues vs. Expenses & Organizational Chart
CHAIRPERSONCommissioner Frank CarolloTRUST MEMBERSMarlene AvaloAlex CardenasRalph DuharteJeanie HernandezNathan KurlandMarie LouissaintJ esse ManzanoJose MigoyaEXECUTIVE DIRECTORTimothy F. SchmandI
MILDREDANDCLAUDEPEPPERBAYFRONTPARKMAN AGE MEN TT R U S T301N.BISCAYNE BOULEVARD,TELEPHONE: (305)358-7550MIAMI,FL 33132FAX: (305) 358-1211July 26,2016Honorable Mayor Regaladoand Members of the City Commission:The Bayfront Park Management Trust (Trust) is pleased to submit its Fiscal Year 2016/2017Operating and Capital Budgets for City Commission approval. The Trust unanimously approvedthese budgets at a regularly scheduled meeting held on July 26,2016, and we respectfully request thatyou do the same.The City Commission created the Trust in 1987 to operate, manage and maintain Bayfront Park withthe goal of ensuring maximum community utilization. In 1994, Bicentennial Park (now MuseumPark) was added to the organization's portfolio. The Trust's governing board consists of nine (9)individuals, under the leadership of Commissioner Frank Carollo, who through their work on theTrust have demonstrated their commitment to making our community a better place for residents andvisitors.The Trust's FY 2016/2017 budget is the guiding document for our management of the facilities placedin our care and our goals for services to the community,Bayfront Park is a 32-acre park located in the Miami Harbor District and immediately adjacent to theCentral Business District. Built on filled bay-bottom in 1925 (May 1,2016 marked Bayfront Park's91st year), it has been a gathering place for Miami's residents and visitors since that time. MuseumPark, located at 1075 Biscayne Boulevard in the heart of the Miami Harbor District, is a spectacular21-acre waterfront site, adjacent to the cruise ship turning basin in Biscayne Bay. Museum Park reopened to the public on June 14,2014. The park is home to the Perez Art Museum Miami, whichopened in December 2013, and the Patricia and Phillip Frost Museum of Science, currently underconstruction and scheduled to open in the summer of2017. Initial improvements to the park arecomplete with others contemplated for the future.With the reopening of Museum Park, there are now 53 acres of pub I ic waterfront parkland under theTrust's management. In addition to "ensuring maximum community utilization," the Trust's foundinglegislation included a further directive: "The Trust shall, to the greatest extent it determines to befeasible, implement the exercise of its powers in a manner which utilizes and encourages the fullestand most active participation and cooperation of private enterprise." The Trust recognizes the balanceit must strike between managing public parks and encouraging private enterprise. It uses itsresources to create social value, whether through the hosting of major concerts and festivals or themanagement of excellent public parks.During Fiscal Years 2011 through 2015, the City of Miami's provided 0 to support Bayfront Park'soperations while the Trust's Administrative and Maintenance expenses totaled 8,921,296. Duringthat same period the City realized 5,425,000 in savings by not subsidizing the park's operation,which is and continues to be self-sustaining. During those five years, the Trust also paid 2,001,962for fire services and 5,607,859 in police services, providing thousands of hours of overtime pay forour first responders. An estimated 12,486,878 was generated in parking revenue, translating to a
1,522,171 in parking surcharge to the City of Miami. The Trust's success is the City's success.And, that success is a direct result of the social entrepreneurial model that has guided our operationfor the past twelve years -- our mission is to create social value.In the past five years the Trust has also demonstrated an ongoing commitment to facilityimprovements by investing in capital improvements. In I;Y 2015/2016 the Trust continued its effortsat upgrading Bayfront Park's physical plant. The Trust partnered with the City's CapitalImprovement Department to renovate the park's existing electrical system, which included upgradesfor earned income opportunities and increased efficiencies. In FY 2016/2017 the Trust will continueits efforts to remove contaminated material from Bayfront Park. Over one million dollars has beenallocated to a Corrective Action Plan, which will remove a layer of contaminated soil from locationsin the park, cover with impermeable fabric and cover with a foot of clean soil. Many parksthroughout the city, and Miami Dade County, have been confronted with this issue, but Trust is theonly park agency covering the cost of restoration.The Trust continues to plan, promote and coordinate two of our community's largest celebrations, theAmerica's Birthday Bash on July 4th and the Bayfront Park New Year's Eve Celebration. The Trustis committed to providing these free, community inclusive celebrations for Miami's residents andvisitors.Armando Perez, AKA Pitbull, AKA Mr. 305, AKA Mr. Worldwide, closed the 2014 inaugural NewYear's Eve Revolution with the statement, "Tonight we made history. Next year we' llmake tradition"and Pitbull proved to be a man of his word. On December 31, 2015, before a live audience of 150,000and 2.3 million viewers on FOX Television, the second iteration of Pitbull 's New Year's EveRevolution kicked off in Bayfront Parle The performances started at 8:00 p.m. on New Year's Evewith Pitbull, Prince Royce, Terry Crews, Wendy Williams, R. City, Chloe Angelides, ClaudellMonsanto - DJ, Pia Mia, Timbaland, Yazz, Christina Milian, Austin Mahone, Shawn Mendes, CamilaCabello, Jussie Smollett, Yandel, Jordin Sparks, Earth, Wind & Fire, Puff Daddy, Mase, BustaRhymes, Fench Montana, Zoey Dollaz.For New Year's Eve 2016, the Trust envisions an event that includes all of the previous years'elements, partnerships with Bayside Marketplace, the Greater Miami Host Committee, food and drinkavailable throughout the site, a fireworks spectacular at midnight, and a live broadcast on FOXTelevision, featuring Mr. 305 - Armando Perez -- AKA Pitbull, and A level talent, whose identitieshave yet to be released. The event's goal is to challenge Time's Square's primacy as the home ofNew Year's Eve. Given our balmy weather, spectacular waterfront location, dynamic urban skylineand multi-cultural community - we recognize Miami as the premier location for New Year's Eve andon NYE 2016, we will demonstrate that fact to the rest of the world.Our free, thrice weekly yoga classes continue their popularity with over 144,000 residents and visitorshaving participated in the classes since they began in September 2005 and reached the ten yearanniversary on September 12,2015. The classes have been featured by NBC Nightly News withBrian Williams, The Wall Street Journal, Fox Sports Network, CNN, Delta Sky Magazine, CelebratedLiving (in flight magazine for American Airlines), Vues d' Ailleurs (in flight magazine for Frenchairline Corsairfly), and numerous local outlets. Five separate sponsorship agreements helped the parkoffset the expense ofthis extremely popular and oft copied program. In 2015, through variouspartnerships and permits, the Trust added yoga classes and boot camps in Museum Parle The Trustlooks to add additional programming to all of its facilities in FY 2016/2017.BAYFRONT PARKMANAGEMENT TRUST301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550
The 50-foot Holiday Tree that brightens Bayfront Park from Thanksgiving through New Year's willcontinue to serve as downtown's mid-winter beacon. During the holidays, the park is also the host sitefor our Menorah Lighting, sponsored by the Shul of Downtown, and the Miami Outboard MotorClub's Holiday Boat Parade.The newly renovated Museum Park opened to the public in June 14,2014. This 21 acre facility, withthe longest continuous length of bay walk within the City of Miami, and two cultural institutions asneighbors brings renewed energy to the downtown waterfront. The 2016/2017 Trust budget includes 1,000,000 to meet the needs of the restored facility. The budget also contemplates the facility'smaintenance needs using outside contractors to handle the landscape maintenance in Museum ParleThe Trust is optimistic that once the oppOliunities presented by the park become realized, eventpromoters will recognize the park as an attractive location to entertain their clients, and a revenuestream can be developed to help offset the operational, maintenance and future capital costs of thefacility.A robust marketing plan is executed for both Bayfront and Museum Parks, including exposure onBayfront Park's website (which engages an average of 14,000 monthly visitors), Bayfront Park'smarquee sign (The marquee sign is located on Biscayne Boulevard, with 65,000 passing vehicles eachday. The marquee is adjacent to Bayside Marketplace, one of south Florida's most visited touristdestinations, with a reported 23 million annual visitors), social media campaigns on Facebook, Twitterand Instagram (which have a combined reach of about 9,000 followers), and press releases distributedto over 130 contacts (including the Downtown Development Authority, Greater Miami Convention &Visitors Bureau, Downtown Miami, Miami Travel Attractions, Biscayne Times, Social Miami, TheMiami Herald and Miami New Times among others).The Trust recognized the need to suppOli activities outside the Bayfront and Museum Park boundariesand to help where most needed. Throughout the year Bayfront staff lent their expertise to events heldaround the city, from Coconut Grove to Little Haiti to City Hall. The Bayfront Park portable stage,our festival on wheels, was used in every commission district at parks and community celebrations,for events ranging from Viernes Culturales to the City's Summer Parks Program. Between July 2015and June 2016, the Bayfront Park portable stage was used 21 times. The Trust's Fitness Caravan,funded by an anonymous donor, traveled from Bayfront Park to Jose Marti Park, providing freeweekly yoga classes, from April 2014 through the present, to over 600 participants, and helping burnover 113,400 calories -- contributing to a healthier Miami.Additionally in the past year the Trust: Hosted Ultra Music Festival in Bayfront Park, - widening the event's already enormouseconomic impact for downtown Miami and surrounding areas,Managed the newly open Museum Park, which served as host site for and Best Buddies Walk,among others.Continued with the diversification of events hosted - ranging from film shoots to artinstallations to pop concerts, and community festivals,Continued to host some of the community's premier fundraising events such as the Susan O.Komen Race for the Cure, Light the Night Walk, and the Crohn's & Colitis Foundation Walk,Lent staff expeliise to City departments and partner organizations through participation incommittees, workshops and focus groups to help improve our community,Continued care and maintenance of the statues and plaques throughout the park and at theTorch of Friendship,BAYFRONT PARKMANAGEMENT TRUST301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550
Continues to work with the community for alternative transportation opportunities withBayfront Park serving as a designated drop off/pick up location for the Miami Trolley, anexpanded Big Bus Tour operation, which includes boat tours and a water taxi operation. InFY 201512016, the Trust committed 250,000 to help bring Tri-Rail to Downtown Miami.The Bayfront Park Management Trust board of directors and staff intend to build on these pastaccomplishments, pursuant to our mission of "ensuring maximum community utilization andenjoyment." Thank you for allowing us the opportunity and the privilege to continue our efforts nextfiscal year, which will begin with your approval of the attached budget.)0" Executive DirectorEne.Cc: fileBAYFRONT PARKMANAGEMENT TRUST301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550
BAYFRONT PARK MANAGEMENT TRUSTOPERATING & CAPITAL BUDGET SUMMARYFISCAL YEAR 2016/2017REQUESTEDBUDGETFY 16/17REVENUESAPPROVEDBUDGETFY 15/16PROJECTED'ACTUALFY 15/16APPROVEDBUDGETFY 14/15AUDITEDACTUALFY 14/15GENERAL REVENUESSPECIAL EVENTS & MARKETING REVENUESMAINTENANCE REVENUESRESERVE FUND TRANSFER TAL REVENUES 7,225,0006,565,0005,764,5505,845,0005,514,297 000300,000323,276TOTAL EXPENSES 7,225,0006,565,0005,764,5505,845,0005,643,587NET INCOME BOARD DESIGNATED FUND FOR CAPITAL IMPROVEMENTS 2,000,0003,000,0002,500,000TOTAL CAPITAL IMPROVEMENTS 2,000,0003,000,0002,500,000TOTAL NET BUDGET BOARD DESIGNATED RESERVE FUND 860,1524,654,145EXPENSESADMINISTRATIVE EXPENSESSPECIAL EVENTS &MARKETING EXPENSESMAINTENANCE EXPENSESTRANSPORTATION INFRASTRU9TURE SUPPORTDEPRECIATION EXPENSES,(129,290) 1,000,000'Projections based on actual and known expenses through May 31,20161
BAYFRONT PARK MANAGEMENT TRUSTOPERATING BUDGETFISCAL YEAR 2016/2017RequestedBudgetFY 2016/17ApprovedBudgetFY 2015/16ProJectedActualFY 2015/16ApprovedBudgetFY 2014/15AuditedActualFY 50251,5967,151GENERAL101· BOAT DOCK INCOME102 CARRIAGE INCOME103 FILM AND VIDEO LOCATION RENTAL104· MISCELLANEOUS REVENUES105· CONCESSIONS106· MARQUEE REVENUES107· PARKING OPERATION INCOME108 INTEREST INCOME109· WAREHOUSE RENTAL INCOME110· MIAMI SPORTS &EXHIBITION AUTHORITY111 LONG TERM AGREEMENT INCOME112 DONATIONS TOTAL GENERAL REVENUES 350,00030,00050,000150,00020,000250,000850,000 150,00017,000150,000150,00018,000250,000735,000 2 878,000120,000 317,000 860,152
BAYFRONT PARK MANAGEMENT TRUSTOPERATING BUDGETFISCAL YEAR 2016/2017RequestedBudgetFY 2016/17ApprovedBudgetFY 2015/16ProjectedActualFY 2015/16ApprovedBudgetFY 2014/15AuditedActualFY 2014/15EXPENSESADMINISTRATIVE:1101 - Executive Director1102.1 Contract, Procurement & Agenda Officer1103 - Business & Finance Director1103.1 - Bookkeeper1103.2 - HR & Office Coordinator1104 - Administrative Assistant1105 - Receptionist1106 - Payrolling Costs1107 - Health & Dental Insurance Contribution1108 - Life Insurance &Disability Contribution1109 - Executive Retirement Plan Contribution1109.1 - Employees Retirement Plan1110 - Master Planning Implementation Process1110.1 - Grants Writing Service Fees1111 - Misc. Expenses 6,0003,50016,30010,3501112 - Computer Supplies & Software1113 - Courier1114 - EqUipment Purchases1115 - Equipment Rental & Maintenance1116 - Postage1117 - Printing1118 - Office Supplies1119 - Telephone, Cell Phone, Pager, Cable Services, Wi-Fi1120 - Bank Charges 4,0001,5001121 - Newspaper Public Notices1122 - Business Travel & Seminars1123 - Training & Conference Registration1124 - Training & Conference Expenses1125 - Meeting Expenses1126 - Memberships and Subscriptions1127 - Business Expenses 1128 - Director's Liability Insurance1129 - Property Insurance1130 - Premises Insurance1130.1 - Insurance 0 0,0003,50015,5009,8005,0005,000 4,0001,0002,5005,0003,0001,00010,00045,000500 3,5003,5005,0005,0005,0005,000 6,0002,00029,0002,5001131 - Accounting Services1132 - Audit 22,0001133 - Marquee Maintenance Contract1134 - Marquee Non Contractual Maintenance 10,0001135 - Contingency Fund 180,0001136 - Bad Debt Expenditure TOT AL ADMINISTRATIVE EXPENSES . 0,000 58057,98954,3252,6375,0005,000 4,0001,0002,5005,0003,0001,00010,00045,000500 0,000180,000140,000300987,643956,988 3 687,850 898,480785,423
Bayfront Park Management Trust Operating BudgetNotes to Proposed Budget for 2016/2017EXHIBIT 100 AdministrationGeneral Revenue101 Boat Dock Income: proposed 350,000. Revenue based on North and South docks rental.102 Carriage Income: proposed 00.103 Film and Video Location Rental: proposed 30,000. Projected revenue based on previousyear's experience and discussions with film and video professionals.104 Miscellaneous Revenue: proposed 50,000. Revenue based on previous year's experience.105 Concessions: proposed 150,000. Use fee based on potential agreements with parkconcessionaires as recommended in the Trust's long range planning sessions.106 Marquee Revenue: proposed 20,000. Income based on projected revenue.107 Parking Operation Income: proposed 250,000. Revenue projection based on parkingoperation.108 Interest Income: proposed 00. Income based on projected revenue from Trust funds held ininterest earning accounts.109 Warehouse Rental Income: proposed 00.110 General Revenues: proposed 00.111 Long Term Agreement Income: proposed 00.112 Donations: proposed 00. This line item represents donations made to the Trust for generaloperating support or specific project funding, which is separate from grant revenue.4
Administrative Expenses1101 Executive Director: proposed 135,828. The Executive Director provides overallmanagement for the Bayfront Park Management Trust.1102.1 Contract, Procurement, and Agenda Officer: proposed 76,230. The Contract,Procurement and Agenda Officer assists the Executive Director in the management of the Trust,focusing on contracts with promoters, service providers and concessionaires, compliance withprocurement procedures and liaison with the City Agenda Office, and the Trust agendapreparation.1103 Business and Finance Director: proposed 83,363. The Business and Finance Director isresponsible for the finances, bookkeeping and accounting functions of the Trust, and assists theExecutive Director with the management of the Trust.1103.1 Bookkeeper: proposed 53,483. The Booldceeper reports to the Business and FinanceDirector and is responsible for daily maintenance of the Trust's financial records.1103.2 Human Resources and Office Coordinator: proposed 50,142. The Human Resourcesand Office Coordinator is responsible for managing all human resources functions of the Trustand for coordinating office functions.1104 Administrative Assistant: proposed 44,121. The Administrative Assistant assists theContract, Procurement and Agenda Officer with administrative functions for Bayfront ParkManagement Trust.1105 Receptionist: proposed 37,800. The Receptionist is responsible for Bayfront Park's frontoffice functions.5
1106 Payrolling Costs: proposed 65,526. These funds will be used for the payrolling costs ofthe administrative employees.1107 Health & Dental Insurance Contribution: proposed 66,000. These funds:will be used topurchase health and dental insurance for Trust administrative employees.1108 Life Insurance & Disability Contribution: proposed 3,500. These funds will be used topurchase life and disability insurance for Trust administrative employees.1109 Executive Director's Retirement Plan: proposed 16,300. These funds will be used forthe Executive Director's retirement plan.1109.1 Employee Retirement Plan: proposed 10,350. These funds will be used for a maximum3% match to Bayfront Park administrative employees' retirement plan.1110 Master Planning Implementation Process: proposed 00.1110.1 Grant Writing Service Fees: proposed 5,000. These funds will be used to pay for grantwriting services for the Trust.1111 Miscellaneous Expenses: proposed 5,000. These funds will be used for miscellaneouspurchases of goods or services required during the year.1112 Computer Supplies and Software: proposed 4,000. These funds will be used to purchasecomputer supplies and software, as well as associated true-up fees for licensed software.1113 Courier: proposed 1,500. These funds will be used to procure courier services.1114 Equipment Purchases: ptoposed 00. These funds will be used to purchase new officefurniture and equipment, including but not limited to computers, facsimile, copiers, scanners,printers, etc.6
1115 Equipment RentallMaintenance: proposed 5,000. These funds will be used for officeequipment rental, lease and maintenance contracts.1116 Postage: proposed 3,000. These funds will be used to purchase postage.1117 Printing: proposed 1,000. These funds will be used to procure printing services.1118 Office Supplies: proposed 10,000. These funds will be used to purchase office supplies.1119 Telephone, Cellular Phone, Pager, Cable Services, and Wi-Fi: proposed 45,000. Thesefunds will be used to procure telephone, cellular phone, pager, cable television services, andWi-Pi network.1120 Bank Charges: proposed 500. These funds will be used for bank charges.1121 Newspaper Public Notices: proposed 3,500. These funds will be used for public noticesrequired by City of Miami procurement procedures.1122 Business Travel and Seminars: proposed 00.1123 Training & Conference Registration: proposed 00.1124 Training & Conference Expenses: proposed 00.1125 Meeting Expenses: proposed 5,000. These funds will be used for expenses associatedwith the monthly Board Meetings of the Bayfront Park Management Trust.1126 Memberships and Subscriptions: proposed 5,000. These funds will be used formemberships in professional organizations and subscriptions to professional journals.1127 Business Expenses: proposed 00.1128 Director's Liability Insurance: proposed 6,000. These funds will be used to purchaseDirectors and Officers Liability Insurance for the Bayfront Park Management Trust.7
1129 Property Insurance: proposed 2,000. These funds will be used to purchase PropertyInsurance for Trust property not adequately covered by the City of Miami Self Insurance Fund.1130 Premises Liability Insurance: proposed 29,000. These funds enable the Trust to purchaseliability insurance for Bayfront and Museum Parks.1130.1 Insurance Deductible: proposed 2,500. These funds cover the insurance deductible inthe event a claim is paid against the Trust's liability insurance.1131 Accounting Services: proposed 00.1132 Audit: proposed 22,000. These funds will be used to procure the annual audit of theTrust's finances.1133 Marquee Maintenance Contract: proposed 00.1134 Marquee Non-Contractual Maintenance: proposed 10,000. These funds will be used topay for the maintenance of the Bayfront Park Marquee.1135 Contingency Funds: proposed 180,000. These funds will be used for any unforeseenexpenses incurred during the year.1136 Bad Debt Expenditure: proposed 00.8
BAYFRONT PARK MANAGEMENT TRUSTOPERATING BUDGETFISCAL YEAR 2016/2017RequestedBudgetFY 2016/17ApprovedBudgetFY 2015/16ProjectedActualFY 2015/16ApprovedBudgetFY ,6021,422,384450,03029,91517,750SPECIAL EVENT AND MARKETING:201- SPECIAL EVENT RENTAL INCOME202 - AMPHITHEATER OPERATION & MANAGEMENT203 - SPECIAL EVENT SPONSORSHIP204 - TENT RENTAL205 - BEER/ALCOHOL LOCATION FEES206 - FOOD AND SODA LOCATION FEES207 - ARTS/MERCHANDISE/SPONSOR LOCATION FEES208 - SPECIAL EVENT ELECTRICAL209 - DAY OF SHOW STAFFING 210 - BOX OFFICE PERSONNEL AND MANAGEMENT211 - SPECIAL EVENT CONTRACTED PERSONNEL212 - SPECIAL EVENT CLEAN-UP SERVICES213 - CITY OF MIAMI POLICE214 - CITY OF MIAMI FIRE215 - PARKING SPACE RENTAL216 - SPECIAL EVENT EQUIPMENT RENTAL 217 - FOURTH OF JULY218 - FOURTH OF JULY CITY SERVICES220 - MISCELLANEOUS SERVICES221 - PARK DAMAGE - EVENTS222 - SPECIAL EVENT GRANTS 159,000100,00050,000TOTAL SPECIAL EVENT REVENUES 4,445,000 AuditedActualFY 0,000 9 4,748,000102,150173,123105,46053,61050,000 3,578,000 4,654,145
BAYFRONT PARK MANAGEMENT TRUSTOPERATING BUDGETFISCAL YEAR 2016/2017RequestedBudgetFY 2016/17EXPENSESSPECIAL EVENT AND MARKETING:2201 - Event Coordinator2203 - Marketing &Special Event Assistant2204 - Marketing Director2205 - Special Event Payrolling Cost2206 - Health & Dental Insurance Contribution2206,1 - Employees Retirement Plan 2207 - Day of Show Staffing2208 - Special Event Contracted Personnel2209 - Box Office Personnel and Management2210 - Special Event Electrical Services2211 - City of Miami Fire Rescue Services2212 - City of Miami Police.2213 - Special Event Cleanup Services 2214 - Parking Space Rental2215 - Special Event Equipment Purchase2216 - Special Event Tent Rental2217 - Special Event Equipment Rental2218 - BPMT Sponsored Events2218,1 - BPMT Sponsored Nonprofit Community Events2218,2 - BPMT Sponsored Holiday Events2218,3 - BPMT Sponsored New Year's Eve2219 - Fourth of July2220 - Fourth of July City Services2221 -Insurance 2222 - Website Production and Design2222,1 - Event booking Software2223 - Website Hosting, Revision and Maintenance2224 - Marketing Opportunity Fund2224.1 - Event Opportunity Fund 2225 - Advertising2226 - Broadcast AdVertising2227 - Design & Graphics2228 - Photographic and Video Services2229 - Printing of Brochure and Promoters Packet2230 - Promotional2231 - Special Event Miscellaneous Expenses2232 - Special Event Damages TOTAL SPECIAL EVENT EXPENSES 5004,50016,5303,362,03910
Bayfront Park Management Trust Operating BudgetNotes to Proposed Budget for 2016/2017EXHIBIT 200 Special Events and MarketingSpecial Events and Marketing Revenue201 Event Rental Income: proposed 800,000. Rental income reflects a projected IS-date eventcalendar.202 Amphitheater Operation & Management: proposed 786,000. This revenue is based onthe management agreement with Live Nation.203 Special Event Sponsorship: proposed 00.204 Tent Rental: proposed 50,000. Tent rental revenue is based on a projected 15 eventsscheduled in Trust facilities in 2016/2017.205 Beer/Alcohol Location Fees: proposed 20,000. Beer and Alcohol Location Fees revenue isbased on a projected 15 events scheduled in Trust facilities in 201612017.206 Food and Soda Location Fees: proposed 25,000. Food and Soda Location Fees revenue isbased on a projected 15 events scheduled in Trust facilities in 2016/2017.207 Arts/Merchandise/Sponsor Location Fees: proposed 20,000. Arts, Merchandise, andSponsor Fees revenue is based on a projected 15 events scheduled in Trust facilities in 2016/2017.208 Special Event Electrical: proposed 25,000. Special Event Electrical revenue representscharges to promoters for electrician services and is based on a projected 15 events scheduled inTrust facilities in 201612017.209 BPMT Show Staffing: proposed 10,000. BPMT Show Staffing revenue is based on eventsscheduled in Trust facilities in 2016/2017 where event staff charges are not included, in rental fees.11
210 Box Office Staff and Management: proposed 00.211 Special Event Contracted Services: proposed 60,000. Special Event Contracted Servicesare security and parking personnel required at all Trust hosted events. The revenue is based on aprojected 15 events scheduled in Trust facilities in 2016/2017.212 Special Event Clean-Up Services: proposed 300,000. Special Event Clean-Up Servicesrevenue is based on a projected 15 events scheduled in Trust facilities in 201612017.213 City of Miami Police: proposed 1,600,000. City of Miami Police revenue is based on aprojected 15 events scheduled in Trust facilities in 2016/2017.214 City of Miami Fire: proposed 400,000. City of Miami Fire revenue is based on a projected15 events scheduled in Trust facilities in 2016/2017.215 Parking Space Rental: proposed 25,000. This revenue represents fees charged topromoters for additional parking locations rented from City of Miami Department of Off-StreetParking.216 Special Event Equipment Rental: proposed 15,000. Special Event Equipment Rentalrevenue is based on a proj ected 15 events scheduled in Trust facilities in 2016/2017.217 "Fourth of July: proposed 00. Revenue represents income from the Trust's annual July 4thcelebration.218 Fourth of July City Services: proposed 00. The City of Miami no longer provides police,fire rescue and solid waste services for the Trust's annual July 4th celebration.220 Miscellaneous Services: proposed 159,000. Represents income from various services theTrust provides promoters, outside of those listed above.12
221 Park Damage - Events: proposed 100,000. Represents fees charged to promoters fordamages in Bayfront or Museum Parks resulting from Special Events.222 Special Event Grants: proposed 50,000. Figure represents amount to be generated throughgrant applications for Trust sponsored special events.!!13 page
and June 2016, the Bayfront Park portable stage was used 21 times. The Trust's Fitness Caravan, funded by an anonymous donor, traveled from Bayfront Park to Jose Marti Park, providing free weekly yoga classes, from April 2014 through the present, to over 600 participants, and helping burn over 113,400 calories --contributing to a healthier Miami.
