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

City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan Fund Budget Summary
Pier Operating Fund
The Pier Operating Fund accounts for the operation of the downtown waterfront retail/restaurant complex and is subsidized by the
General Fund.
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
Miscellaneous Revenue
Interest Earnings
Rents & Royalties
Miscellaneous Revenue
Transfers
General Fund
575,501 592,081 587,725 587,725 512,574 477,315 (18.8)%
Total Charges For Services 575,501 592,081 587,725 587,725 512,574 477,315
(18.8)%
87,113 509 1,590 1,590 - 1,590
- %
1,005,497 999,473 1,019,754 1,019,754 816,121 761,750 (25.3)%
81,161 82,797 73,931 73,931 82,515 75,241 1.8 %
Total Miscellaneous Revenue 1,173,771 1,082,779 1,095,275 1,095,275 898,636 838,581
(23.4)%
1,468,000 1,539,000 1,524,000 1,524,000 1,509,000 1,424,000 (6.6)%
Total Transfers 1,468,000 1,539,000 1,524,000 1,524,000 1,509,000 1,424,000
Total Revenues 3,217,272 3,213,860 3,207,000 3,207,000 2,920,210 2,739,896 (14.6)%
(6.6)%
Appropriations
Personal Services
Services & Commodities
Grants & Aid
FY 2007
Actual
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
810,179 812,556 929,023 929,023 816,356 863,926 (7.0)%
2,328,004 2,247,328 2,277,381 2,278,004 2,106,531 1,978,686 (13.1)%
79,671 - - - - -
- %
Total Appropriations 3,217,854 3,059,884 3,206,404 3,207,027 2,922,887 2,842,612 (11.3)%
Increase/(Decrease) in Fund Balance
(582) 153,976 596 (27) (2,677) (102,716)
Beginning Balance 8,638 8,056 162,032 162,032 162,032 159,355
Adjustments
- - - - - -
Ending Balance
8,056 162,032 162,628 162,005 159,355 56,639
In FY10, there is a projected decrease in revenues of 14.6%. The decrease is mainly due to the lease changes in FY09, which
provided rent relief or lease restructuring to many of the Pier's tenants.
Also in FY10, expenditures are being reduced by 11.3%. The major items being reduced include Contract Employees,
Advertising, Facility Repairs and Maintenance, and Special Event costs
This facility is subsidized by the General Fund. In FY10, the subsidy will decrease by $100,000. The amount of the subsidy is
adjusted so that the fund balance will be the target balance recommended in the fiscal policies, which is 2% of the current year's
operating appropriations.
Fiscal Year 2010 Budget Development H - 15
Summary Reports