2011 budget summary - St. Louis County

INTRODUCTIONST. LOUIS COUNTY, MISSOURICOMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE2011 PROJECTEDSPECIAL DEBT SPIRIT OF ST. PUBLIC MASS HIGHWAYGENERAL REVENUE SERVICE LOUIS AIRPORT TRANSIT CAPITALFUNDS FUNDS* FUND FUND FUND FUNDS TOTALEstimated Beginning Balance^ $ 58,385,848 $ 60,229,103 $ 13,241,795 $ 13,458,025 $ ‐ $ 4,992,232 $ 150,307,002Budgeted RevenuesProperty Taxes $ 105,249,291 $ ‐ $ 9,230,963 $ ‐ $ ‐ $ ‐ $ 114,480,254Sales Taxes 43,635,000 125,549,820 ‐ ‐ 105,836,800 ‐ 275,021,620Utility Gross Receipts Tax 30,500,000 ‐ ‐ ‐ ‐ ‐ 30,500,000Casino Taxes/Fees 10,064,775 ‐ ‐ ‐ ‐ ‐ 10,064,775Licenses & Permits 12,269,635 ‐ ‐ ‐ ‐ ‐ 12,269,635Assessment & Collection Fees 22,593,342 8,961,000 ‐ ‐ ‐ ‐ 31,554,342Fines & Forfeitures 4,048,130 36,720 ‐ ‐ ‐ ‐ 4,084,850Investment Earnings 1,672,227 745,060 292,765 244,701 29 732,504 3,687,286Rents & Concessions 2,693,851 ‐ ‐ 1,907,872 ‐ 7,200 4,608,923Intergovernmental 15,482,062 1,585,420 ‐ ‐ ‐ 14,102,000 31,169,482Charges for Services 39,658,641 265,444 ‐ ‐ ‐ ‐ 39,924,085Fees 5,551,000 7,547,791 ‐ ‐ ‐ ‐ 13,098,791Other Revenue 13,340,151 ‐ 10,000 19,982,212 ‐ 195,000 33,527,363Total Budgeted Revenues $ 306,758,105 $ 144,691,255 $ 9,533,728 $ 22,134,785 $ 105,836,829 $ 15,036,704 $ 603,991,406Budgeted ExpendituresSalaries & Wages $ 178,237,725 $ 7,693,092 $ ‐ $ 868,628 $ ‐ $ ‐ $ 186,799,445Payroll Fringes 70,847,935 2,711,340 ‐ 316,061 ‐ ‐ 73,875,336Purchased Services 56,365,025 14,169,355 ‐ 919,181 ‐ 24,324,000 95,777,561Commodities & Supplies 27,987,241 452,956 ‐ 16,323,100 ‐ ‐ 44,763,297Personal Allowances 3,675,548 346,927 ‐ 8,100 ‐ ‐ 4,030,575Other Expenses 12,556,699 2,106,422 13,526,757 2,229,731 ‐ 1,693,000 32,112,609Transfer Payments 17,194,992 8,866,850 ‐ 888,800 36,338,429 ‐ 63,289,071Capital Outlays 5,073,394 148,630 ‐ 153,500 ‐ ‐ 5,375,524Expend Trsf/Reimb (16,586,388) (60,000) ‐ ‐ ‐ ‐ (16,646,388)Total Budgeted Expenditures $ 355,352,171 $ 36,435,571 $ 13,526,757 $ 21,707,101 $ 36,338,429 $ 26,017,000 $ 489,377,029Transfers In/(Out) $ 22,698,000 $ (33,998,000) $ ‐ $ ‐ $ ‐ $ 11,300,000 $‐Adjustments* 2,438,936 (34,749,200) ‐ ‐ (69,498,400) ‐ (101,808,664)Estimated Ending Balance $ 34,928,718 $ 99,737,587 $ 9,248,766 $ 13,885,709 $ ‐ $ 5,311,936 $ 163,112,715^Beginning Balance reflects the Budget Basis, which is generally lower than the fund balance reported in the Comprehensive Annual Financial Report for the yearbecause it is reduced by the amount of reserve for encumbrances and by an amount reserved for potential payout of sick/vacation time for future retirees.*Adjustments for the General Funds reflect the proposed transfer of $2.4 million of dormant escrow funds into the Special Road and Bridge Fund. Adjustments forSpecial Revenue Funds and the Public Mass Transit Fund reflect an estimate for the contracts with Metro. These contracts are typically submitted by Bi‐State(Metro) to the County Council in June of each year.- 32 -