comprehensive annual financial report - City of St. Petersburg

City of St. Petersburg, FL
Management’s Discussion and Analysis
For the Year Ended September 30, 2010
Unaudited
The following graph represents the revenues from user charges (charges for services only) as
compared to the total program expense for the current and prior fiscal year. Sanitation had user
charges greater than expenses for 2010, while the other enterprise funds had program expenses
exceeding charges for services for the current fiscal year.
The internal service funds are, for the most part, supported through charges to other funds. The
individual internal service funds are reported on pages F-26 through F-28.
GENERAL FUND BUDGETARY HIGHLIGHTS
The original budget projected that revenues and other sources would have a deficiency over
expenditures and other uses by $1.1 million. The final approved budget reflected a projected
increase in revenues of $4.8 million due to an increase in Intergovernmental Revenues, a $8.0
million increase in expenditures with the largest increase of $2.8 million for Recreation and
Culture and an increase of $2.5 million for Fire and EMS, and an increase of $3.3 million in
transfers out, contributing to a projected $7.5 million deficiency of revenues and other sources
over expenditures and other uses.
Actual results report a 5.4 million deficiency of revenues and other sources over expenditures
and other uses, $2.1 million improvement from budget, primarily resulting from a shortfall of
$3.9 million in revenues, and a $5.6 million reduction in expenditures. Additional budget to
actual information on the City’s general fund is on page D-6.
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