COL State of The City

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Opa-locka 2021CityofStateThehas significantly relaxed collection procedures due to the pandemic, resulting in a 75.6%collection rate, indicating the possibility that the improved billing results may ultimatelytranslate into lesser receipts.• The negotiated release of approximately $5.2 million of surplus pledged funds retained byFirst National City Bank, the holder of the debt on the Municipal Complex, provided $2.6million toward the improvement of the General Funds reserves, with another $2.6 million usedto pre-pay the related debt.• The Citizens Independent Transportation Trust (CITT) released $901,000 for roadwayimprovements related to FY 17 and earlier that had been retained due to the City’s previousinability to provide adequate audits, with more to be released as the City completesadditional audits.• Initiation of stormwater and CRA downtown masterplans to provide long-range guidance inthe improvement of both of these important aspects of the City.• Bringing CRA financial reporting requirements to the County up to date.• FY 21 Budget submitted on schedule and accepted by the State without modificationrequired. Highlights include:• A further growth in the property tax base of 8% as the City’s tax base growth continuesto be in the top 20% of cities within the County.• Continuation of the current lean organization, reflecting a 40% reduction from FY 15staffing levels with compensation remaining flat other than as reflected in the PBAcontract.• Very significant revenue uncertainty due to the pandemic, resulting in minimalimprovement of reserves.• A $7.5 million CIP plan.14 City of Opa-Locka State of the City
Opa-locka 2021CityofStateTheGovernmental FundsRoadway Resurfacing $300,000Cairo Lane 800,000Sidewalks 260,000Total Governmental $1,360,000Water-Sewer FundsCairo Lane $ 2,900,000Water-Sewer Project Design Criteria 500,000Total Water-Sewer Projects $ 3,400,000Stormwater FundStormwater Master Plan $ 300,000Stormwater Project Design Criteria 500,000NW 30th Avenue 160,000Zone 6 850,000Cairo Lane 300,000Project To Be Identified From Master Plan 600,000Total Stormwater Projects $ 2,710,000• Increased focus on City appearance.• Funding for a park masterplan to provide long-range guidance to the restoration of thisvital community asset.• Funding for a CRA masterplan to provide additional long range guidance for CRAdevelopment.• Citywide process improvement led by significant IT Department investment.• Five-Year Plan submitted on schedule and accepted by the State without modificationrequired. Highlights include:• Continued historic property tax base growth after FY 22 pause. (Current anecdotalinformation indicates a stronger real estate market than had been assumed for FY22.)15 City of Opa-Locka State of the City
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COL State of The City

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