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

City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan Fund Budget Summary
FFGFC Loan Fund
This fund was was established in Series 1987A, B and C Bonds. Bond debt in this fund has supported improvements for
General Government, the Bayfront Center, Pier, and Tropicana Field. In FY96, additional funding was added to pay $26.350
million in notes issued (along with Pro Sports Sales Tax Bonds) which were used to make Tropicana Field baseball ready. In
FY97, $6.350 million was added to replace the air-conditioning system at Tropicana Field. In FY98, $2.815 million was added for
a city-wide telephone switch, $1.770 million for new parking meter system, and $8 million of previous FFGFC notes were
refinanced. In FY01, the callable portions of the 1996 and 1997 bonds were refinanced using $17.840 million in commission
notes, significantly lowering the debt requirements.
In April 2007, $7.43 million in notes were issued for the Marina, repaying the $3.775 million balance of a 2006 SSGFC Marina
Improvement Loan and adding $3.5 million for the construction of a new Marina pier. These notes and the associated debt
service are reflected and budgeted in the Marina Operating Fund. In FY 2009, the final payment is made on the original
unrefunded portion of the 1996 FFGFC Note. As of FY10, debt service payments are for the 2001 Refunding Notes and the Marina
Notes.
Revenue Summary
FY 2007
Actual
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
Miscellaneous Revenue
Interest Earnings
Transfers
General Fund
Pro Sports Facility
Marina Operating
53,539 32,389 47,000 47,000 2,209 49,330 5.0 %
Total Miscellaneous Revenue 53,539 32,389 47,000 47,000 2,209 49,330
5.0 %
4,375,287 3,918,348 1,565,000 1,565,000 1,118,921 2,546,000 62.7 %
133,991 90,917 80,000 80,000 76,375 100,000 25.0 %
60,612 - - - - -
- %
Total Transfers 4,569,890 4,009,265 1,645,000 1,645,000 1,195,296 2,646,000
60.9 %
Total Revenues 4,623,429 4,041,654 1,692,000 1,692,000 1,197,505 2,695,330 59.3%
Debt
Appropriations
FY 2007
Actual
FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Actual Adopted Amended Estimated Adopted Change
4,971,790 4,041,654 1,692,000 1,714,760 1,714,757 2,695,330 59.3 %
Total Appropriations 4,971,790 4,041,654 1,692,000 1,714,760 1,714,757 2,695,330 59.3%
Increase/(Decrease) in Fund Balance (348,361) - - (22,760) (517,252) -
Beginning Balance 865,613 517,252 517,252 517,252 517,252 -
Adjustments
- - - - - -
Ending Balance 517,252 517,252 517,252 494,492 - -
Fiscal Year 2010 Budget Development K - 3
Summary Reports