FY12 Adopted Operating Budget & Capital Improvement Budget

City of St. Petersburg, Florida - FY 2012 Adopted Fiscal Plan
Water Cost Stabilization (4005)
This fund was established in FY98 from the sale of the well fields to Tampa Bay Water in order to build a fund that could be drawn against to help limit rate
increases. On April 8, 1999, the City Council approved the transfer of interest earnings from this fund to the Water Resources Operating Fund to partially offset
the cost of buying water.
Revenue Summary
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Misc Revenues
Interest Earnings 5,217,171 3,545,364 2,700,000 2,700,000 2,446,926 1,255,000 (53.52%)
Total Misc Revenues 5,217,171 3,545,364 2,700,000 2,700,000 2,446,926 1,255,000 (53.52%)
Transfer In
Stadium Debt Service 549,888 242,873 300,000 300,000 143,514 245,000 (18.33%)
Water Cost Stabilization 0 0 0 0 216,487 0 0.00%
Total Transfer In 549,888 242,873 300,000 300,000 360,001 245,000 (18.33%)
Total Revenue Summary 5,767,059 3,788,237 3,000,000 3,000,000 2,806,927 1,500,000 (50.00%)
Appropriations
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Transfers Out
Water Resources 5,767,058 2,994,316 3,000,000 3,000,000 2,410,540 1,500,000 (50.00%)
Total Transfers Out 5,767,058 2,994,316 3,000,000 3,000,000 2,410,540 1,500,000 (50.00%)
Total Appropriations 5,767,058 2,994,316 3,000,000 3,000,000 2,410,540 1,500,000 (50.00%)
Increase/(Decrease) in Fund Balance 1 793,921 0 0 396,387 0
Beginning Balance 85,703,909 83,234,971 83,259,637 83,259,637 83,259,637 83,656,024
Adjustments (2,468,939) (769,255) 0 0 0 0
Ending Balance 83,234,971 83,259,637 83,259,637 83,259,637 83,656,024 83,656,024
Given the current market conditions, the anticipated interest earnings rates on the Water Cost Stabilization Fund are projected to be significantly lower than prior
performance causing the transfer to the operating budget to be reduced by 50%.
Fiscal Year 2012 E-54 Summary Reports