FY 2010-11 Adopted Budget - Volusia County Government

Department: Other Budgetary AccountsNon-DepartmentalSales Tax TrustSales Tax TrustAccount: 9200012ActualFY2008-09AdoptedFY2009-10EstimatedFY2009-10BudgetFY2010-11Expenditures by CategoryInterfund TransfersTransfers to General Fund $ 0 $ 2,192,252 $ 4,142,211 $ 4,644,503Transfers to Municipal Service District Fund 3,484,281 2,790,140 3,432,917 2,724,397Transfers to Debt Service Fund 10,908,863 8,528,869 6,959,899 7,482,187Transfers to Ocean Center 1,100,000 1,279,979 1,279,979 1,279,979Subtotal Interfund Transfers $ 15,493,144 $ 14,791,240 $ 15,815,006 $ 16,131,066Total Operating Expenditures $ 15,493,144 $ 14,791,240 $ 15,815,006 $ 16,131,066Reimbursements 0 0 0 0Net Expenditures $ 15,493,144 $ 14,791,240 $ 15,815,006 $ 16,131,066Expenditures by FundGeneral $ 14,883,863 $ 24,339,395 $ 34,330,062 $ 10,933,520Municipal Service District 2,649,149 1,569,909 1,520,465 3,120,599Resort Tax 6,863,277 6,476,788 6,469,905 6,511,396Sales Tax Trust 15,493,144 14,791,240 15,815,006 16,131,066Number of Full Time Positions 0.00 0.00 0.00 0.00Number of Part Time Positions 0.00 0.00 0.00 0.00Number of Full Time Equivalent Positions 0.00 0.00 0.00 0.00HighlightsNon-departmental expenditures in the Sales Tax Fund increased $1.3 million in anticipation of a slowly recovering housing market,consumer durables, construction, and business investments that impact disbursements from the State. Revenues are authorized forGeneral Fund, the MSD Fund, and Ocean Center, with debt service coming from the General Fund portion. In FY2010-11, distributionswere adjusted due to payoff of the 1998 and 2001A Subordinate Sales Tax Bonds and various Commercial Paper debt obligations duringthe last 2 years. As a result, $1.3 million will be distributed to Ocean Center, $7.5 million for debt requirements, and the remainder toMSD and General Fund.Volusia County Section F - 253