FY12 Adopted Operating Budget & Capital Improvement Budget

Department Mission Statement
City of St. Petersburg, Florida – FY 2012 Adopted Fiscal Plan
Finance Department
The mission of the Finance Department is to maintain, at the highest level possible, the credibility of the financial information flowing from the Finance
Department; to ensure that City employees, customers, vendors, contractors, and other firms, following the policies set forth by City Council and established
procedures, are all treated on an equal basis regarding the opportunities to provide services in the financial area and disbursements of funds; to consistently review
the methods used so as to have the most cost-effective means of accomplishing the mission of the Finance Department with a high level of performance by
departmental staff.
Services Provided
The Finance Department provides the following services:
• Assures that all City accounting transactions are processed correctly and report financial information concerning the City in conformance with federal, state,
and local statutes, and generally accepted accounting principals.
• Delivers service to City employees, retirees, and vendors with correct and on-time issuance of payroll, retirement and vendor payments, as well as to answer
all questions relating to these functions.
• Provides a professional level of investment activities which achieve and maintain confidence in the Treasury Division.
• Provides administration and support services for all of the programs within this department.
Budgetary Cost Summary
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
Wages And Benefits 1,364,651 1,381,929 1,312,422 1,312,422 1,328,346 1,298,559 (1.06%)
Services And Commodities 2,325,259 2,122,343 2,037,048 2,058,369 2,045,504 1,278,661 (37.23%)
Debt 61,472,012 38,187,894 36,963,739 37,879,470 37,875,227 40,620,040 9.89%
Transfers Out 149,391,643 172,670,491 28,139,209 43,831,093 39,787,922 27,915,119 (0.80%)
Total Budget 214,553,564 214,362,656 68,452,418 85,081,354 81,036,999 71,112,379 3.89%
Appropriations By Fund/Program
FY 2009
Actual
FY 2010
Actual
FY 2011
Adopted
FY 2011
Amended
FY 2011
Estimated
FY 2012
Adopted
FY 2012
Change
General Operating Fund
Debt, Reserves & CIP Transfers 7,859,553 2,989,711 7,256,231 8,448,871 8,404,898 7,141,416 (1.58%)
Disbursements, Cash & Debt Management
7,984,880 7,275,013 2,345,427 2,353,951 2,373,592 1,982,484 (15.47%)
Program
General Accounting & Reporting Program 905,226 782,098 763,917 764,067 761,186 402,605 (47.30%)
Totals for General Operating Fund 16,749,659 11,046,822 10,365,575 11,566,889 11,539,676 9,526,505 (8.09%)
Industrial Development
Subsidies & Contingency Program 0 123,710 0 0 0 0 0.00%
Economic Stability
Debt, Reserves & CIP Transfers 1,047,643 0 0 0 0 0 0.00%
Health Facilities Authority
Debt, Reserves & CIP Transfers 175 175 14,000 14,000 175 14,000 0.00%
Utility Tax Revenue
Debt, Reserves & CIP Transfers 36,462,221 41,661,849 0 0 0 0 0.00%
Local Option Tax Revenue
Debt, Reserves & CIP Transfers 27,224,846 25,908,004 0 4,503,245 4,503,245 0 0.00%
Franchise Tax Revenue
Debt, Reserves & CIP Transfers 24,066,443 21,018,607 0 2,896,856 0 0 0.00%
Excise Tax Revenue
Debt, Reserves & CIP Transfers 22,032,872 19,765,678 831,495 831,495 831,945 1,431,495 72.16%
Emergency Medical Services
Subsidies & Contingency Program 0 0 0 6,950 6,950 0 0.00%
Parking Revenue
Parking Revenue Program 106,251 250,000 205,000 205,000 204,996 404,580 97.36%
School Crossing Guard Donation
School Crossing Guards Program 658,542 355,437 300,000 322,180 352,645 300,000 0.00%
Weeki Wachee
Fiscal Year 2012 H-15 Summary Reports