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

City of St. Petersburg, Florida
FY10 Adopted Fiscal Plan
Enterprise Fund Expense History
$120,000
$ Millions
$100,000
$80,000
$60,000
$40,000
$20,000
2006
2007
2008
2009
2010
$0
Water
Resources
Stormwater
Utility
Sanitation
Others
WATER RESOURCES:
Based on a rate study completed in FY09, water, sewer, and reclaimed water rates were
increased by 2%.
The CIP has been adjusted to better reflect capacity for completion of projects currently funded.
The CIP will continue to require substantial levels of debt proceeds into the foreseeable future.
$3.315 million will be transferred to the Water Resources Operating Fund from the Water Rate
Stabilization Fund (WRS Fund) to partially offset the cost of operations. The WRS Fund was
initially funded by the sale of well fields to Tampa Bay Water. Investment earnings are
transferred annually for current operations.
The Water Resources Fund will transfer $9.473 million to the General Fund for payment in lieu
of taxes.
STORMWATER:
Rate increases are usually equivalent to the CPI increase (3.2%) but no rate increase is included
in the budget.
The transfer to the CIP is $1.8 million.
The Stormwater Utility Operating Fund will transfer $1.741 million to the General Fund for
payment in lieu of taxes.
GOLF COURSE:
The Golf Courses Operating Fund is budgeted to transfer $100,000 to the General Fund for
return on investment and $58,200 for payment in lieu of taxes.
JAMESTOWN:
• There will be a 3% rate increase in FY10.
• This fund will transfer $38,892 to the General Fund for payment in lieu of taxes.
AIRPORT:
The General Fund loan amount will be decreasing from $466,000 to $188,000.
In FY09, the remaining airport debt was paid with resources from the Economic Stability Fund
and shall be repaid by the airport at a later date.
The Airport Fund will transfer $120,864 to the General Fund for payment in lieu of taxes.
Fiscal Year 2010 A-31 Summary Reports