Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Audit finds Tarpon finances in good shape

TARPON SPRINGS — Across the board cuts and frugality have left the city in better financial shape than expected, according to the city's latest audit.

The city reported a $2.1 million increase in general operating funds for 2009 and a $2 million increase in enterprise funds, which include sewer, water and other funds. Those increases were $815,000 and $1.6 million, respectively, in 2008.

In addition, Tarpon's reserve fund grew from 5.25 months of cash on hand to 5.8 months.

"The city remains in sound financial condition," said Peter Schatzel of Wells, Houser and Schatzel, the St. Petersburg firm that conducted the audit. "With the downward spiral in ad valorem tax revenue, some cities were not able to cut as much as Tarpon Springs. They are more financially sound than most cities."

The 2009 fiscal year ended Sept. 30.

Last year, City Manager Mark LeCouris asked department heads to find additional savings by eliminating vacant positions, and reducing office supply needs and travel.

Tarpon also unexpectedly received more revenue than budgeted from areas such as franchise fees and utility taxes.

"We were cutting things and we put a halt to spending on anything that wasn't absolutely necessary," said Arie Walker, the city's finance director.

According to the audit, the $20 million general fund had $1.36 million left over after expenses. That fund, which pays for city services such as fire, police and roads, took in slightly more than in 2008 — $8,000. General fund expenditures were $2.65 million below budget.

The city's water and sewer fund had an increase in net assets of $1.59 million in 2009 compared to a $897,000 increase in 2008.

Demorris A. Lee can be reached at dalee@sptimes.com or (727) 445-4174

Audit finds Tarpon finances in good shape 04/14/10 [Last modified: Wednesday, April 14, 2010 7:33pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. The winner of 'Survivor: Game Changers?' It has to be Jeff Probst

    Blogs

    But Tampa Bay fans are more interested in whether local lawyer and ex-Buccaneer Brad Culpepper came out on top. After winning five - count ‘em five - challenges Culpepper made probably the most serious error in taking Sarah Lacina. the 33-year-old police officer from Cedar Rapids, Iowa, to the finals with him.

  2. To catch a ring of poachers who targeted Florida's million-dollar alligator farming industry, the Florida Fish and Wildlife Conservation Commission set up an undercover operation. They created their own alligator farm, complete with plenty of real, live alligators, watched over by real, live undercover wildlife officers. It also had hidden video cameras to record everything that happened. That was two years ago, and on Wednesday wildlife officers announced that they arrested nine people on  44 felony charges alleging they broke wildlife laws governing alligator harvesting, transporting eggs and hatchlings across state lines, dealing in stolen property, falsifying records, racketeering and conspiracy. The wildlife commission released these photos of alligators, eggs and hatchlings taken during the undercover operation. [Courtesy of Florida Fish and Wildlife Conservation Commission]
  3. Trigaux: Amid a record turnout, regional technology group spotlights successes, desire to do more

    Business

    ST. PETERSBURG — They came. They saw. They celebrated Tampa Bay's tech momentum.

    A record turnout event by the Tampa Bay Technology Forum, held May 24 at the Mahaffey Theater in St. Petersburg, featured a panel of area tech executives talking about the challenges encountered during their respective mergers and acquisitions. Show, from left to right, are: Gerard Purcell, senior vice president of global IT integration at Tech Data Corp.; John Kuemmel, chief information officer at Triad Retail Media, and Chris Cate, chief operating officer at Valpak. [Robert Trigaux, Times]
  4. Take 2: Some fear Tampa Bay Next transportation plan is TBX redux

    Transportation

    TAMPA — For many, Wednesday's regional transportation meeting was a dose of deja vu.

    The Florida Department of Transportation on Monday announced that it was renaming its controversial Tampa Bay Express plan, also known as TBX. The plan will now be known as Tampa Bay Next, or TBN. But the plan remains the same: spend $60 billion to add 90 miles of toll roads to bay area interstates that are currently free of tolls. [Florida Department of Transportation]
  5. Hailed as 'pioneers,' students from St. Petersburg High's first IB class return 30 years later

    Education

    ST. PETERSBURG — The students came from all over Pinellas County, some enduring hot bus rides to a school far from home. At first, they barely knew what to call themselves. All they knew was that they were in for a challenge.

    Class of 1987 alumni Devin Brown, from left, and D.J. Wagner, world history teacher Samuel Davis and 1987 graduate Milford Chavous chat at their table.