adopted operating & capital improvement budget - City of St ...

Appropriations
Personal Services
Services & Commodities
Capital Expenditures
Debt
Grants & Aid
City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan Fund Budget Summary
FY 2007
Actual
General Operating Fund
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
156,018,106 152,297,037 153,275,950 154,630,897 150,630,886 151,540,796 (1.1)%
41,466,541 43,465,729 45,123,899 48,210,827 43,524,892 40,130,128 (11.1)%
2,594,293 1,787,302 1,609,567 1,944,700 1,563,912 613,543 (61.9)%
5,614 - - - - -
- %
4,303,201 2,183,774 2,670,919 4,152,086 2,635,500 2,262,919 (15.3)%
Transfers
Economic Stability 2,000,000 - - 6,000,000 6,000,000 -
- %
Parking Special Revenue 395,000 - - - - -
- %
School Crossing Guard Trust - 22,906 - - - -
- %
Weeki Wachee Operating 211,401 - - - - -
- %
Arts & Cultural Programs - - 100,000 100,000 99,996 -
- %
Building Permit Special Revenue - 2,425,000 - - - -
- %
Mahaffey Theater 1,365,000 1,030,000 987,000 987,000 934,000 929,000 (5.9)%
Pier Operating 1,468,000 1,539,000 1,524,000 1,524,000 1,509,000 1,424,000 (6.6)%
Coliseum Operating 229,000 191,000 223,000 200,000 193,000 170,000 (23.8)%
Sunken Gardens 185,000 241,000 198,000 230,000 230,000 198,000
- %
Tropicana Field 1,075,000 1,662,000 1,412,000 1,566,000 1,566,000 1,250,000 (11.5)%
CRA Tax Increment 4,691,413 5,021,145 5,707,148 5,707,148 5,480,435 5,042,680 (11.6)%
FFGFC Loan 4,375,287 3,918,348 1,565,000 1,565,000 1,118,921 2,546,000 62.7 %
Sunshine State Finance Pool Debt 126,023 708,054 - - - -
- %
Bank of America Notes - 55,864 59,042 59,042 - -
- %
Capital Improvement Variable Rate Debt 423,105 1,748,814 353,000 353,000 - -
- %
General Capital Improvement 1,017,000 4,329,000 400,000 1,040,635 640,635 75,000 (81.3)%
Airport Operating 434,000 390,000 466,000 466,000 466,000 188,000 (59.7)%
Port Operating 659,000 405,000 633,000 558,000 469,000 508,000 (19.7)%
PC Replacement 850,000 - - - - -
- %
Materials Management - 32,700 - - - -
- %
Commercial Insurance 2,000,000 - - - - -
- %
Contingency
Total Transfers 21,504,229 23,719,831 13,627,190 20,355,825 18,706,987 12,330,680 (9.5)%
- - 1,074,630 1,074,630 - 196,508 (81.7)%
Total Appropriations 225,891,984 223,453,673 217,382,155 230,368,965 217,062,177 207,074,574 (4.7)%
Increase/(Decrease) in Fund Balance 4,129,322 (3,022,003) - (9,615,300) (2,250,285) -
Beginning Balance 21,282,195 25,823,517 23,904,308 23,904,308 23,904,308 21,654,023
Adjustments 412,000 1,102,794 - - - -
Ending Balance 25,823,517 23,904,308 23,904,308 14,289,008 21,654,023 21,654,023
• Each year City Council has designated that portion of the General Operating Fund balance that exceeds the target balance for
specific purposes. At the end of FY07, $13.975 million was designated, and $10.565 million was designated for FY08.
• The City’s fiscal policies call for a General Fund Operating Reserve target equal to five percent (5%) of the current year
appropriations. As of the end of FY09, the undesignated fund balance is projected to be $21.654 million.
• The year end General Fund designations are taken to council in November of each year, and are set for the previous year. The
FY09 designations equal approximately $6.888 million and include a $2 million transfer to the Economic Stability Fund.
• During FY09, $6 million that had been designated for the accrued leave liability was transferred into the Economic Stability Fund.
Fiscal Year 2010 Budget Development F - 3
Summary Reports