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

City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan Fund Budget Summary
Airport Operating Fund
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 2007
Actual
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
Charges For Services
Transportation Charges
Rentals from Other City Dept
Other Charges for Services
Miscellaneous Revenue
Interest Earnings
Miscellaneous Revenue
Transfers
General Fund
Economic Stability Fund
Airport CIP
522,847 634,292 725,800 725,800 686,732 679,300 (6.4)%
210,567 204,723 195,062 195,062 208,058 203,128 4.1 %
- - 10,700 10,700 119 11,900 11.2 %
Total Charges For Services 733,414 839,015 931,562 931,562 894,909 894,328
(4.0)%
12,059 6,772 6,148 6,148 550 6,148
- %
18,749 101 - - 450 -
- %
Total Miscellaneous Revenue 30,808 6,873 6,148
6,148 1,000 6,148
434,000 390,000 466,000 466,000 466,000 188,000 (59.7)%
- - - 1,050,000 1,009,594 -
- %
- - - - 180,405 -
- %
Total Transfers 434,000 390,000 466,000 1,516,000 1,655,999 188,000
- %
(59.7)%
Total Revenues 1,198,222 1,235,888 1,403,710 2,453,710 2,551,908 1,088,476 (22.5)%
Appropriations
Personal Services
Services & Commodities
Capital Expenditures
Debt
FY 2007
Actual
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
353,749 299,234 354,804 354,804 344,346 367,939 3.7 %
452,342 391,259 548,846 564,036 522,853 516,220 (5.9)%
32,215 4,763 - 702 773 -
- %
401,376 48,508 459,250 1,530,605 1,582,493 -
- %
Transfers
Airport Capital Projects - 56,000 250,000 250,000 249,996 195,000 (22.0)%
Total Transfers - 56,000 250,000 250,000 249,996 195,000
(22.0)%
Total Appropriations 1,239,682 799,764 1,612,900 2,700,147 2,700,461 1,079,159 (33.1)%
Increase/(Decrease) in Fund Balance (41,460) 436,124 (209,190) (246,437) (148,553) 9,317
Beginning Balance 348,329 306,869 316,870 316,870 316,870 168,317
Adjustments
- (426,123) - - - -
Ending Balance 306,869 316,870 107,680 70,433 168,317 177,634
The remaining Airport debt in the amount of $1,582,493 was paid in FY09. $1,009,594 was paid by the Economic Stability Fund
and will be repaid from future earnings of the Airport.
The operating costs for FY10 will require a loan from the General Fund of $188,000 to support the operating fund balance.
Since FY06, payments from the General Fund totaling $1.81 million have been needed for the Airport 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.
Fiscal Year 2010 Budget Development G - 6
Summary Reports