FY12 Adopted Operating Budget & Capital Improvement Budget

City of St. Petersburg, Florida - FY 2012 Adopted Fiscal Plan
Community Development Block Grant (1111)
This fund accounts for annual entitlement grant funds from the U.S. Department of Housing and Urban Development (HUD) that provide community block
grants to expand economic opportunities, and provide decent housing and a suitable living environment principally for low- and moderate-income earning persons.
Revenue Summary
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Intergovernmental Revenue
Federal Grants 3,038,823 2,273,166 2,365,745 2,365,745 1,553,727 1,992,593 (15.77%)
Total Intergovernmental Revenue 3,038,823 2,273,166 2,365,745 2,365,745 1,553,727 1,992,593 (15.77%)
Fines And Forfeitures
Violation Of Local Ordinances 501 1,090 0 0 467 0 0.00%
Total Fines And Forfeitures 501 1,090 0 0 467 0 0.00%
Misc Revenues
Interest Earnings 5,835 4,332 10,000 10,000 934 3,972 (60.28%)
Rents And Royalties 24,031 22,983 0 0 22,997 0 0.00%
Misc Revenue 126,393 108,059 140,000 140,000 63,736 96,028 (31.41%)
Total Misc Revenues 156,259 135,374 150,000 150,000 87,667 100,000 (33.33%)
Total Revenue Summary 3,195,583 2,409,630 2,515,745 2,515,745 1,641,861 2,092,593 (16.82%)
Appropriations
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Wages And Benefits 856,080 808,956 939,752 939,752 583,595 790,745 (15.86%)
Services And Commodities 756,787 734,775 747,361 3,431,547 648,613 521,417 (30.23%)
Capital 1,193,520 (10,689) 0 (10,689) 0 0 0.00%
Grants And Aid 0 8,258 0 0 528 0 0.00%
Transfers Out
General Fund 0 0 272,615 272,615 272,615 498,148 82.73%
Franchise Tax Revenue 0 558,058 0 0 0 0 0.00%
Excise Tax Revenue 0 0 270,785 270,785 167,191 0 (100.00%)
Banc Of America Notes Debt Service Fund 285,605 283,095 285,232 285,232 285,232 282,283 (1.03%)
Total Transfers Out 285,605 841,153 828,632 828,632 725,038 780,431 (5.82%)
Total Appropriations 3,091,992 2,382,453 2,515,745 5,189,242 1,957,774 2,092,593 (16.82%)
Increase/(Decrease) in Fund Balance 103,591 27,177 0 (2,673,497) (315,913) 0
Beginning Balance 2,621,770 2,725,361 2,752,538 2,752,538 2,752,538 2,436,625
Adjustments 0 0 0 0 0 0
Ending Balance 2,725,361 2,752,538 2,752,538 79,041 2,436,625 2,436,625
The transfer to the General Fund is the repayment of funds advanced for the Jordan School Improvements project. The amount of the loan repayment is capped at
25% of the current year grant revenue. There are scheduled installments in FY13 and FY14, and if necessary in FY15 until the loan is paid off.
Fiscal Year 2012 E-30 Summary Reports