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2011 budget summary - St. Louis County

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EXECUTIVE SUMMARYThe <strong>2011</strong> <strong>budget</strong> is lower than 2010 becauseSeries 1997 bonds were retired in 2009 (afterthe <strong>County</strong> Executive’s <strong>budget</strong> was presented toCouncil) using a portion of the balance of theDebt Service Fund. By retiring these bonds in2009 as opposed to the original maturity dateof 2012, taxpayers saved more than $450,000 ininterest costs.SPIRIT OF ST. LOUIS AIRPORT FUND (1100)The mission of the Spirit of <strong>St</strong>. <strong>Louis</strong> Airport is toprovide a safe, efficient, dependable, andattractive first class public facility thatprofessionally serves the flying public, includingthe more than 150 businesses located at theairport. The airport will strive to maintain itsrole as a major air transportation facility for the<strong>St</strong>. <strong>Louis</strong> region while continuing to be aresponsive and responsible neighbor to thesurrounding community. All costs incurred bythe Airport will be funded by income generatedfrom the Airport’s business operations.The <strong>2011</strong> <strong>budget</strong> for the Spirit of <strong>St</strong>. <strong>Louis</strong>Airport Fund is $21,707,101, an increase of$814,885 or 3.9%. This increase is due to higherfuel sales volume.PUBLIC MASS TRANSIT FUND (5620)The <strong>2011</strong> <strong>budget</strong> for the Public Mass TransitFund is $36,338,429, a decrease of $1.6 millionor 4.1%. This amount is equal to revenueestimated to be received from the a quartercentsales tax designated for publictransportation purposes. All funds received aredistributed to Metro.A new, half‐cent sales tax to support publictransportation was approved by voters andimplemented in 2010. Revenues from this taxwill be appropriated upon the <strong>County</strong> Council’sreview and approval of an annual contract withMetro which will be submitted in June, <strong>2011</strong>.HIGHWAY CAPITAL CONSTRUCTION PROGRAM(5080 AND 5590)The <strong>2011</strong> <strong>budget</strong> for the Highways and TrafficCapital Construction Program (CCP) is$26,017,000, a decrease of $536,450 or 2%.To support capital activity, the <strong>County</strong> will usefunds from the following sources:$14,955,000 from the Federal Aid UrbanTrust Fund (5080); and$11,062,000 from the TransportationHighway Fund (5590). This appropriationrequires an allocation of $11.3 million ofsales tax revenues from the TransportationTrust Fund.Table 1 contains a <strong>summary</strong> of the <strong>2011</strong> WorkPlan and <strong>budget</strong>. The <strong>budget</strong> is in accordancewith the Department of Highways and Traffic’s5‐year CCP. The total <strong>2011</strong> CCP <strong>budget</strong> willsupport construction‐letting activity of $47million. It will allow the <strong>County</strong> to commenceor continue road, sidewalk and bridge right‐ofwayactivities; let construction contracts(including those for infrastructure projects); andproceed with addressing traffic safety projects.Table 2 conveys the <strong>2011</strong> Capital PreservationBudget as compared to the 2010 adjusted<strong>budget</strong>.More information regarding the HighwayCapital Construction Program may be found inthe Capital Improvement Program section ofthis document.- 47 -FISCAL YEAR <strong>2011</strong>ADOPTED BUDGET

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