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

City of St. Petersburg, Florida
FY 2010 Adopted Fiscal Plan
Dependent Districts Funds
CRA Tax Increment Fund
The Community Redevelopment Agency (CRA) was established under Florida Law to act as the Redevelopment Agency for all
Redevelopment Districts. The St. Petersburg City Council is the governing body of the CRA and conducts business as the CRA in
sessions that are separate from the regular Council meetings. State regulations require the inclusion of all dependent districts in
local government budgets. The fund balance is the amount available for districts other than the Downtown District.
This fund receives the City and County tax increment (TIF) payments for all Redevelopment districts that are established tax
management districts. The Downtown District monies are then transferred to the Redevelopment Special Revenue Fund; where
they are further transferred to the Public Improvement Debt Service Fund to pay principal and interest on TIF bond issues.
FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Fund Budgetary Summary Actual Actual Adopted Amended Estimated Adopted Change
Transfers
8,063,494 8,619,508 8,600,000 9,259,611 9,259,610 9,198,786
Total Budget 8,063,494 8,619,508 8,600,000 9,259,611 9,259,610 9,198,786
7.0%
7.0%
FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Appropriations by Department Actual Actual Adopted Amended Estimated Adopted Change
Finance Department
8,063,494 8,619,508 8,600,000 9,259,611 9,259,610 9,198,786
7.0%
Total Budget 8,063,494 8,619,508 8,600,000 9,259,611 9,259,610 9,198,786 7.0%
FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 FY 2010
Revenue Sources Actual Actual Adopted Amended Estimated Adopted Change
Shared Revenues
Interest Earnings
8,579,599 9,160,304 10,435,975 10,435,975 10,016,265 9,198,787 (11.9%)
50,580 49,679 20,000 20,000 9,263 20,000 0.0%
Total Revenue 8,630,179 9,209,983 10,455,975 10,455,975 10,025,528 9,218,787
(11.8%)
$1,122,230 of the fund balance is designated for the Intown West District and $598,754 of the fund balance is designated for the
Bayboro Harbor District.
Fiscal Year 2010 Budget Development S - 2 Dependent Districts Funds