FY12 Adopted Operating Budget & Capital Improvement Budget

City of St. Petersburg, Florida - FY 2012 Adopted Fiscal Plan
Airport Operating (4031)
The Airport Operating Fund, like all other Enterprise Funds, is used to account for costs that are funded substantially by external (non-City department) user fees
and charges. The fund is required to cover all expenses of the operation (salaries, benefits, services, commodities, and capital outlay) and allocation of general and
administrative costs and payment-in-lieu-of-taxes, as well as any transfers to capital project funds, debt service funds, or return on investment/equity.
Revenue Summary
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Charges For Services
Transportation Charges 894,795 941,530 945,800 945,800 996,774 993,100 5.00%
Other Charges For Services 119 1,552 0 0 1,545 0 0.00%
Total Charges For Services 894,914 943,082 945,800 945,800 998,319 993,100 5.00%
Misc Revenues
Interest Earnings 550 103 6,100 6,100 5 0 (100.00%)
Misc Revenue 451 2,623 0 0 63 0 0.00%
Total Misc Revenues 1,001 2,726 6,100 6,100 68 0 (100.00%)
Transfer In
General Fund 466,000 136,000 0 0 0 0 0.00%
Economic Stability 1,009,594 0 0 0 0 0 0.00%
Utility Tax Revenue 0 51,469 0 0 0 0 0.00%
Airport Capital Projects 180,406 0 0 0 0 0 0.00%
Total Transfer In 1,656,000 187,469 0 0 0 0 0.00%
Total Revenue Summary 2,551,915 1,133,277 951,900 951,900 998,387 993,100 4.33%
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 344,352 335,601 366,610 366,610 362,190 362,584 (1.10%)
Services And Commodities 522,880 528,461 513,067 530,496 535,474 546,597 6.54%
Capital 773 5,656 0 702 0 0 0.00%
Debt 1,582,493 0 0 0 0 0 0.00%
Transfers Out
General Fund 0 0 50,000 50,000 50,004 50,000 0.00%
Airport Capital Projects 249,996 390,000 10,000 48,404 48,404 0 (100.00%)
Total Transfers Out 249,996 390,000 60,000 98,404 98,408 50,000 (16.67%)
Total Appropriations 2,700,494 1,259,718 939,677 996,212 996,072 959,181 2.08%
Increase/(Decrease) in Fund Balance (148,579) (126,441) 12,223 (44,312) 2,315 33,919
Beginning Balance 316,870 176,734 113,962 113,962 113,962 123,609
Adjustments 8,443 63,669 0 7,332 7,332 0
Ending Balance 176,734 113,962 126,185 76,982 123,609 157,528
From FY06-FY10, payments from the General Fund totaling $2.004 million were needed for the Airport's operations. Because the Airport is an enterprise fund,
these payments from the General Fund are considered a loan and will be repaid from future Airport revenues. In FY11, the Airport paid back $50,000 to the
General Fund. In FY12, the Airport will continue paying back the General Fund at the amount of $50,000.
The remaining Airport bonded debt, in the amount of $1,582,493, was paid in FY09. Part of this payment, $1,009,594, was provided by the Economic Stability
Fund and will be repaid from future earnings of the Airport.
Also in FY12, the Airport's revenues are expected to increase by 4.33% due to an increase in Airport rental charges and its expenses by 2.08% due mainly to
increases in Electric and Payment in Lieu of Taxes (PILOT).
Fiscal Year 2012 E-59 Summary Reports