ANALYSIS:
At its March 7, 2018 City Commission meeting, Agenda Item C4A was approved for a referral to the Finance and City-Wide Projects Committee (the “Committee”) for an update on City contracts and municipal funding to support the Miami Beach Public Schools educational enhancements 501(C)(3) (the “educational non-profit”).
With regard to the City contracts that can be used to financially support the educational non-profit, the Administration is providing a report (See Attachment A) of revenue generating contracts that can be considered for this purpose, either at the time of renewal or as a part of a replacement solicitation when the current contract expires.
With regard to municipal funding, the current Educational Initiatives total $398,000, of which $350,000 is covered in the Education Compact Fund by a $100,000 contribution from Waste Hauler contracts and $250,000 contribution from the Parking Garage Advertising contract, leaving $48,000 funded by the General Fund.