comprehensive annual financial report - City of St. Petersburg

CITY OF ST. PETERSBURG, FLORIDA
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
NONMAJOR ENTERPRISE ACTIVITIES
FISCAL YEAR ENDED SEPTEMBER 30, 2010
AIRPORT PORT MARINA GOLF COURSE
OPERATING REVENUES
Sales and Concessions $ - $ - $ 153,467 $ 553,843
Service Charges and Fees - 171,086 7,211 2,314,760
Fines and Forfeitures - - - -
Rentals and Parking 941,184 11,834 2,604,941 403,686
Total Operating Revenues 941,184 182,920 2,765,619 3,272,289
OPERATING EXPENSES
Personal Services and Benefits 341,600 399,260 949,982 2,218,921
Supplies, Services, and Claims 273,881 96,120 597,519 912,264
General Administrative Charges 126,012 124,932 143,844 358,632
Depreciation 544,619 469,630 787,702 320,549
Total Operating Expenses 1,286,112 1,089,942 2,479,047 3,810,366
OPERATING INCOME (LOSS) (344,928) (907,022) 286,572 (538,077)
NONOPERATING REVENUES (EXPENSES)
Intergovernmental Revenues 1,706,480 1,426,769 - -
Earnings on Investments 602 1,739 57,391 269
Interest Expense - - - (17)
Amortization of Bond Discount and Issue Cost - - (20,341) -
Gain (Loss) on Disposition of Capital Assets - (380,769) (21,854) (1,569)
Capital Assets to Governmental Activities - - - -
Miscellaneous Revenues 4,521 2,200 3,949 5,513
Total Nonoperating Revenues (Expenses) 1,711,603 1,049,939 19,145 4,196
INCOME (LOSS) BEFORE TRANSFERS AND CONTRIBUTIONS 1,366,675 142,917 305,717 (533,881)
CONTRIBUTIONS
Capital Assets from (to) Other Funds 236 299,270 - -
Contributions from Citizens and Developers - - - 4,480
Total Contributions 236 299,270 - 4,480
TRANSFERS IN (OUT)
Transfers In
General Fund 187,469 508,000 286,930 462,357
Transfers Out
General Fund - - (300,000) -
Capital Project Funds - - - -
Payment in Lieu of Taxes - General Fund (120,864) (55,344) (110,796) (58,200)
Total Transfers In (Out) 66,605 452,656 (123,866) 404,157
CHANGE IN NET ASSETS 1,433,516 894,843 181,851 (125,244)
NET ASSETS - OCTOBER 1 (as restated, see Note 3) 13,673,808 14,266,234 7,180,987 2,524,337
NET ASSETS - SEPTEMBER 30 $ 15,107,324 $ 15,161,077 $ 7,362,838 $ 2,399,093
See accompanying Independent Auditor's Report.
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