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

City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan Fund Budget Summary
Marina Operating Fund
The Marina 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
Culture & Recreation Charges
Other Charges for Services
Miscellaneous Revenue
Interest Earnings
Miscellaneous Revenue
2,240,560 2,724,929 3,232,665 3,232,665 2,763,949 3,086,529 (4.5)%
80 640 - - 980 -
- %
Total Charges For Services 2,240,640 2,725,569 3,232,665 3,232,665 2,764,929 3,086,529
(4.5)%
55,111 21,744 40,210 40,210 9,842 40,210
- %
(31,451) (2,186) - - 626 1,500
- %
Total Miscellaneous Revenue 23,660 19,558 40,210 40,210 10,468 41,710
Total Revenues 2,264,300 2,745,127 3,272,875 3,272,875 2,775,397 3,128,239 (4.4)%
3.7 %
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
823,487 840,624 1,059,712 1,059,712 860,977 1,090,117 2.9 %
761,708 636,621 819,320 824,820 767,579 793,966 (3.1)%
36,428 14,527 63,400 63,400 5,968 23,490 (62.9)%
97,924 310,732 695,000 695,000 672,794 695,000
- %
Transfers
General Operating 300,000 300,000 300,000 300,000 300,000 300,000
- %
FFGFC Loan 60,612 - - - - -
- %
Marina Capital Projects 350,000 350,000 350,000 350,000 350,004 350,000
- %
Total Transfers 710,612 650,000 650,000 650,000 650,004 650,000
Total Appropriations 2,430,159 2,452,504 3,287,432 3,292,932 2,957,322 3,252,573 (1.1)%
- %
Increase/(Decrease) in Fund Balance (165,859) 292,623 (14,557) (20,057) (181,925) (124,334)
Beginning Balance 342,456 176,597 469,220 469,220 469,220 287,295
Adjustments
- - - - - -
Ending Balance 176,597 469,220 454,663 449,163 287,295 162,961
Currently, a rent increase is not budgeted for FY10. The FY09 increase was 2% resident/4% non-resident.
The debt service associated with the construction at the Marina for the fifth pier and the renovations remains at $695,000.
In FY10, the fund's revenues are projected to decrease by 4.4%. This reduction in revenue is mainly due to a decrease in boat
slip revenue due to lower occupancy rates. The decrease in expenditures of 1.1% is mainly due to reductions in Facility Repairs
& Maintenance and in the transfer to the Marina Capital Projects Fund ($50,000), which was scheduled to increase to $400,000 in
FY10.
In FY10, the lease for O'Neill's Marina will expire and the City may, with City Council approval, take over operations of the marina.
There is estimated to be an additional $180,000 in revenues and $268,559 in expenditures associated with regaining
possession of the property, which are included in the FY10 Budget. Expenses will only occur if the City takes over operations of
the marina.
Fiscal Year 2010 Budget Development G - 7
Summary Reports