2011 budget summary - St. Louis County

EXECUTIVE SUMMARYsystems, and emergency warning siren systemswithin the County.The 2011 budget for the Fund is $4,941,509, anincrease of $2.9 million or 146.5%. Thisappropriation funds operational costs and debtservice requirements for EmergencyCommunication Special Obligation Bonds issuedduring 2010. The budget increase is mainlycaused by debt service payments, which werenot budgeted in 2010.‣ CHILDREN’S SERVICES FUND (5900)The Children’s Services Fund receives revenuesfrom a quarter‐cent sales tax implemented in2009 to fund programs to protect the wellbeingand safety of children and youth 19 yearsof age and less.The 2011 budget is $977,584 which is adecrease of $35.1 million or 97.3%. Thisdecrease is solely due to grant awards made bythe Children’s Services Fund Board. The 2010adjusted budget includes $35.0 million inappropriations for grants which have not beenincluded in the 2011 budget. A grants budgetfor 2011 will be submitted to the CountyCouncil for review after the Board accepts grantproposals and makes a formal fundingrecommendation.‣ CONVENTION & RECREATION TRUST FUND(8630)The 2011 budget for the Convention &Recreation Trust Fund of $9,167,690 meets St.Louis County’s obligation for the rent, fees, orcharges payable for the regional convention andsports complex and the Cardinals Ballparkstadium bonds. Revenues for this fund aregenerated by a 3.5% sales tax on hotel/motelrooms.‣ WATER SERVICE LINE FUND (8640)The Water Service Line Repair Program of theDepartment of Public Works is responsible foradministering repair contracts onunincorporated and incorporated residentialwater service lines in St. Louis County. Theprogram was authorized by County voters inNovember 2000 to begin on July 1, 2001. Theprogram utilizes a $1.00 per month programfee, collected by the water service provider onthe water bill, for the repair or replacement ofwater lines extending from the water main tothe residential dwelling due to breakage in theline or for road relocation. Funds accrued forthis program may be used to fund a citizen’sportion of construction projects on privateproperty and in the right‐of‐way.The 2011 budget for the Water Service LineFund is $4,264,521, a decrease of $575,677 or11.9%.‣ SOLID WASTE MANAGEMENT FUND (8650)The Office of the Solid Waste Coordinatordevelops and administers programs to stimulatewaste reduction initiatives, provide communityoutreach regarding proper solid wastemanagement, fund community‐based recyclingand waste reduction programs, and promotelocal markets for recyclables and purchase ofrecycled‐content products. The departmentimplements household hazardous wasteprograms to divert this material from the wastestream and coordinates programs promotingefforts to achieve volume reduction in the solidwaste stream.The 2011 budget for the Solid WasteManagement Fund is $1,785,200, a decrease of$556,800 or 23.8%. The budget is reduced toreflect available funding.DEBT SERVICE FUND (1110)The 2011 budget for the Debt Service Fund is$13,526,757, a decrease of $1.8 million or11.9%. The budget supports debt, interest, andfee payments on the County’s outstandinggeneral obligation bonds consisting of PublicImprovement Bonds, Series 1998. As of January1, 2010, the County will have $38.0 million inprincipal balances on these bonds.- 46 -