comprehensive annual financial report - City of St. Petersburg
comprehensive annual financial report - City of St. Petersburg
comprehensive annual financial report - City of St. Petersburg
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CITY OF ST. PETERSBURG, FL<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
SEPTEMBER 30, 2010<br />
NOTE 11 - INTERFUND RECEIVABLES, PAYABLES, TRANSFERS, AND ADVANCES<br />
The composition <strong>of</strong> due to/from other funds as <strong>of</strong> September 30, 2010, is as follows:<br />
Receivable Fund Payable Fund Amount<br />
General Fund Grants $ 964,142<br />
Tropicana Field 187,565<br />
Nonmajor governmental funds 1,432,878<br />
Nonmajor enterprise fund 1,508,202<br />
Nonmajor governmental fund Downtown Redevelopment District 2,094,130<br />
Local Option Sales Surtax 60,619<br />
Internal Service Fund Internal Service Fund 1,615,039<br />
Total $ 7,862,575<br />
The purpose <strong>of</strong> interfund receivable and payables is to meet temporary cash flow requirements and timing<br />
between receiving and recognizing certain revenues.<br />
Water Resources advanced $8,995,565 to the Excise Tax Debt Service Fund in fiscal year 2008 to cover<br />
debt covenant requirements <strong>of</strong> the debt service fund. The advance is considered long term.<br />
The composition <strong>of</strong> interfund transfers during fiscal year 2010 are as follows:<br />
Interfund Transfers <strong>of</strong> Financial Assets:<br />
General Fund<br />
Community<br />
Redevelopme<br />
nt District<br />
Downtown<br />
Redevelopme<br />
nt District<br />
Nonmajor<br />
Governmental<br />
Internal<br />
Service<br />
Water<br />
Resources<br />
Tropicana<br />
Nonmajor<br />
Business-type<br />
Total<br />
Transfers Out<br />
General Fund $ - $ 4,856,894 $ - $ 13,559,834 $ 1,584,344 $ - $ 1,102,000 $ 4,361,456 $ 25,464,528<br />
Community Redevelopment District - - 8,213,827 2,480,000 - - - - 10,693,827<br />
Downtown Redevelopment District - - - 10,528,854 - - - - 10,528,854<br />
Local Option Sales Surtax Improvement 46,560 - - - - - - - 46,560<br />
Grants 558,058 - - 283,095 - - - - 841,153<br />
Nonmajor Governmental 406,164 - - 2,049,888 - 242,873 - - 2,698,925<br />
Internal Service 399,996 - - - - - - - 399,996<br />
Water Resources 9,472,860 - - - - - - - 9,472,860<br />
<strong>St</strong>ormwater 1,740,792 - - - - - - - 1,740,792<br />
Sanitation 3,016,020 - - - - - - - 3,016,020<br />
Nonmajor Business-type 699,096 - - 250,000 - - - - 949,096<br />
Total Transfers in $ 16,339,546 $ 4,856,894 $ 8,213,827 $ 29,151,671 $ 1,584,344 $ 242,873 $ 1,102,000 $ 4,361,456 $ 65,852,611<br />
D-46
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