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Home My WebLink AboutCity of St. Petersburg - Public Financial Report r y �. j - t. '•�a*a. V D07Y OF St P G [ RR, FLORIDA • ,.... P® PU LAR AKKUAL . ; . • FOK... a 4. ANCIIAL \. . .. , • ..... i PI°SIDS II Italr 2021, .. • ..:. . ,_ .„, .. .. . eV ii. (Denbo' a, 2020 = SqptwiTbar 30 2021 ..„... ,, . • • ...Al • .. ;410i•' •OS • .fik IP 'V ,. vt • .., Olii•• ,...4of as.....00. • r . ar ei J Os 1 3P.Irk • .d s + ;�• �• , s kii;.-7 a' • , s k •ki,„.„, .6,, . _. . • .. .- ...• • % • 4, ♦ • • ♦- t_ • • •431114,% '• c 4 mat k _ .41S. Is. If- rt . .. m 1 CITY OF ST. PETERSBURG, FLORIDA City Mayor and Council Members as of September 30, 2021 ,� illirt SUN fi ti SHINES •• , . ( '.\ I AA k ERE. ., DISTRICT 1 DISTRICT 2 MAYOR DEPUTY MAYOR ROBERT BRANDI RICK KANIKA BLACKMON GABBARD KRISEMAN TOMALIN ", "`- - •y` High point - , a a • i * id Feather Spun if _ �rj� 4 u •_ �M ' fPe ^i5 • 1.�d St.peterShuru 'res P+ve DISTRICT 3 DISTRICT 4 DISTRICT 5 www.stpete.grg .c ED DARDEN DEBORAH " = h:%n:1 MONTANARI RICE FIGGS-SANDERS ' z 3 Ill'= f�:.• Kenneth City 1 ealman — f •:: . ir d rr -Deli Museum 77. �rl . South 1111:11.1: Pasadena fit.P=.ersburg Boca Ciege =� ‘ ',4 (I Bay Aquatic I'Lit 4 prese ve 1 outstanding... _ • c i A ,, -----2 -,i, ..,;i , DISTRICT 6 DISTRICT 7 DISTRICT 8 t Pete Beacn GINA LISA WHEELER- AMY i Tierra 'de DRISCOLL BOWMAN FOSTER • 1 CITY OF ST. PETERSBURG, FLORIDA Popular Annual Financial Report • For the Year Ended September 30, 2021 INSIDE THIS REPORT: ss, i City Mayor and Council Members 1 •t= A Message From The City 2 A MESSAGE FROM THE CITY stl 4111M g PAFR Award for Fiscal Year 2020 3 www.stpete.org About Our City 4 We understand the importance of being accountable for the proper Summary of Net Position 5 management of public funds and are pleased to present the City's Ratios and Trends 6 Popular Annual Financial Report (PAFR) for the year ended September Understanding Property Taxes 7 30, 2021. The report provides you, the citizens, a brief analysis of the Where the Money Comes From 8 City's fiscal operations and showcases the City's various programs and Where the Money Goes 9 projects. The PAFR is an example of the City's commitment to improve Enterprise Funds 10 communication with our citizens and increase transparency and public Debt 12 confidence in the government body of the City of St. Petersburg. Mayoral Transition & City Vision 15 The City is committed to providing a full range of services, including police and fire protection, the construction and maintenance of highways, streets and bridges, golf courses, recreation and park facilities, libraries, performing arts, water, wastewater, reclaimed water, stormwater, solid waste, construction permitting and inspection, codes compliance and parking operations to our citizens in spite of many economic challenges. Continual increases in property tax values have provided the resources needed to invest in additional neighborhood grants and youth and homeless programs across the City. We also invite you to visit our Online .,. T transparency reporting tool at < _ Revenues. .,.: =u,. www.stpetersburgfl.opengov.com to ="�""" ��„�„ explore budget and financial data online m� .*�- in various graphical formats. On behalf of •C"°""'"a. the City, we thank you for taking the .. N opportunity to read our Popular Annual ,w • Financial Report. As always, we welcome :°• " w.°.- a■,I14, any input or comments you may have ,._. z.-_-_7_ regarding the report. ��.... "- . w /Y Sincerely, Anne A. Fritz Erika R. Langhans Chief Financial Officer Controller - 2 CITY OF ST. PETERSBURG, FLORIDA Popular Annual Financial Report • For the Year Ended September 30, 2021 ABOUT THE POPULAR ANNUAL FINANCIAL REPORT The financial information presented in the PAFR is derived from the City's Annual Comprehensive Financial Report ("Annual Report") and is presented here in summarized form. The Annual Report outlines the City's financial position and operating activities for fiscal year 2021 in great detail, includes financial statements audited by Cherry Bekaert LLP and is prepared in conformance with accounting principles generally accepted in the United States(GAAP). The information in this report reflects the City's fiscal operations through summarized information from the governmental funds and the enterprise funds financial statements included in the Annual Report. The PAFR does not include all funds of the City or component units. Governmental funds are Government Finance Officers Association those primarily supported by tax dollars for services such as parks and recreation, public safety and Award for public works and are shown using a modified basis of accounting that focuses on more short-term Outstanding financial information. The enterprise funds such as Achievement in water, stormwater and sanitation are primarily supported by charges for services and are shown Popular Annual using the standard accrual basis of accounting that Financial Reporting includes both short and long-term financial information. Presented to The PAFR is a means of increasing public awareness about the City's financial condition through a more St. Petersburg user-friendly presentation. It is unaudited and not presented in GAAP format. The Annual Report & Florida PAFR are available to be viewed and downloaded at For its Annual Financial Report the City's web site at www.stpete.org/Finance. for the Fiscal Year Ended September 30, 2020 ei t` PAfAietLit 101 1 ttlk Executive Director/CEO 9 1I I1 I A try A', i 3 CITY OF ST. PETERSBURG, FLORIDA About Our City University of South Florida, St. Petersburg Education is the future: Education Eckerd College stpete.org/ Institutions Stetson Law School education St. Petersburg College Poynter Media Institute Raymond James & Associates Johns Hopkins All Children's A place to work: Health System Notable stpete.org/ Jabil Inc. ers Em l0 Home Shopping Network{HSN) Employers business Publix Supermarkets Tampa Bay Rays,MLB Check the Tampa Bay Rowdies, USL schedule: events. Sports Firestone Grand Prix of St. stpete.org Petersburg St. Anthony's Trialthlon Dali Museum, Chihuly Collection, eolliggill Museum of Fine Arts,Morean Arts Center, & numerous other galleries and art centers Get Creative: Seven distinct arts districts 5tpete.org/arts Year-round Arts&Music Festivals incl. Mainsail Arts Festival,SHINE Mural Festival, Reggae Rise Up & Sunscreen Film Festival Area of Land: 61.8 square miles Median Household Income: $56,982 Median Age: 42.9 Average Household Size:: 2.35 Population 18+with Bachelor's Degree or Higher: 33.4% Median Housing Value: $205,000 Source: City of St. Petersburg Economic Development Department, GIS, US Census Bureau, and Bureau of Labor Statistics. 4 CITY OF ST. PETERSBURG, FLORIDA Government-Wide Summary of Net Position The summary of net position presents information on all of the City's assets and deferred outflows and liabilities and deferred inflows,with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. During fiscal 2021 net position increased from the prior year by$44.9 million for governmental activities and $25.5 million for business-type activities, despite the ongoing impacts of the COVID-19 pandemic. Summary of Net Position Governmental Business-Type Total Primary Activities Activities Government Current and Other Assets $ 561,242,386 $557,333,038 $ 1,118,575,424 Capital Assets 449,707,315 1,108,588,684 1,558,295,999 Total Assets 1,010,949,701 1,665,921,722 2,676,871,423 Deferred Outflows of Resources 108,055,137 40,923,869 148,979,006 Other Liabilities 61,865,313 26,900,247 88,765,560 Long Term Liabilities 483,011,267 888,033,516 1,371,044,783 Total Liabilities 544,876,580 914,933,763 1,459,810,343 Deferred Inflows of Resources 45,477,131 10,117,743 55,594,874 Net investment in capital assets 346,175,223 558,899,935 905,075,158 Nonexpendable 16,728,721 50,000 16,778,721 Restricted 19,235,097 8,703,320 27,938,417 Unrestricted 146,512,086 214,140,830 360,652,916 Total Net Position $528,651,127 $781,794,085 $ 1,310,445,212 Government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, community and economic development, public works, public safety and recreation, culture and social. The business-type activities of the City include Water Resources, Stormwater, Sanitation, Airport, Port, Marina, Golf Courses, the Jamestown Housing Complex, Tropicana Field, Coliseum, Mahaffey Theater, Pier, Sunken Gardens and Parking. 5 CITY OF ST. PETERSBURG, FLORIDA Ratios and Trends PURPOSE:Analyzing key financial ratios and trends over several years enables the City to have a clearer picture of where it has been and where it is going.All ratios are based on governmental funds financial data. City Trends and Ratios: 2021 2020 2019 2018 2017 Available Fund Balance to Expenditures 25.56% 21.86% 15.51% 12.21% 14.73% Quick Ratio 2,296.67% 1,428.16% 1,263.26% 747.21% 1,086.94% Operational Liquidity 1,116.09% 903.63% 831.89% 907.46% 847.53% Debt per Population $ 631 $ 701 $ 669 $ 749 $ 786 Revenue per Population $ 1,253 $ 1,255 $ 1,150 $ 1,133 $ 1,103 Expenditure per Population $ 1,228 $ 1,306 $ 1,285 $ 1,385 $ 1,130 Available Fund Balance to Expenditures: Percentages decreasing over time may indicate unstructured budgets that could lead to future budgetary problems for the City, even if the current fund balance is positive. The benchmark for comparable cities in Florida is 20.47% in fiscal year 2020 (1). Quick Ratio: Percentages decreasing over time may indicate that the City has overextended itself in the long run or may be having difficulty raising the cash needed to meet its current needs. A ratio of 100% or higher is desired. The benchmark for comparable cities in Florida is 989.62% in fiscal year 2020 (1). Operational Liquidity: Decreasing results over time may indicate that the City has overextended itself in the long run or may be having difficulty raising the cash needed to meet its current needs. The benchmark for comparable cities in Florida is 831.05% in fiscal year 2020 (1). Debt per Population: Increasing results over time may indicate that the City has a decreasing level of flexibility in how resources are allocated or decreasing ability to pay its long-term debt. The benchmark in Florida for comparable cities was $1,046 for fiscal year 2020 (1). Revenue per Population: Decreasing results indicate that the City may be unable to maintain existing service levels with current revenue sources. The benchmark in Florida for comparable cities was$1,493 for fiscal year 2020 (1). Expenditures per Population: Increasing results may indicate that the cost of providing services is outstripping the City's ability to pay (i.e., the City may be unable to maintain services at current levels.) The benchmark in Florida for comparable cities was $1,476 for fiscal year 2020 (1) . 1) Information obtained from the State of Florida Auditor General Financial Condition Assessment workbooks for comparable municipalities. SUMMARY: The City has continuing efforts to improve its overall condition and is living within its financial means, improving its liquidity and ability to pay its obligations when due. These measures along with consistent revenue sources in fiscal year 2021 position the City to continue to improve the quality of city services and remain fiscally solid in the near future. 6 CITY OF ST. PETERSBURG, FLORIDA Understanding Property Taxes Ad valorem tax or "property tax" is a major source of revenue for local governments in Florida. However, it is a limited revenue source. The Florida Constitution caps the millage rate assessed against the value of the property at 10 mills per taxing entity. That is, taxing units are prohibited from levying more then $10 in taxes per $1,000 of taxable value on properties they tax, without obtaining voter approval at least every two years. The City's tax year 2020 operating millage rate collected during fiscal year 2021 was 6.7550 mills. Pinellas RECIPIENTS OF PROPERTY TAX Bounty Pinellas Suncoast , Board 25% Transit Authority �\M\,1j1kk , t EMS 4% IV 3.5°6 \ , ni .,.',\::, II -'k�f 1 N- E LEGLiLMOER ,y , ..RRu91 rSPY6u,hN7Friv. /• r •`' ,. _ , :yt cr n}. .; ff _ 111 c i 0 1569356 * :., .' '�'„ Ps , 4 , 0 0356 1356 * ) .4c 1 � ;. . Pinellas County City of St. School Board 30°/° Other Districts 6% Petersburg 31.5% (Based on assessed taxes in calendar year 2020) City of St. Peterburg Property Tax Rate History 2012 to 2021 7.5000 6.7742 6.7700 6.7700 6.7700 6.7550 6.7550 6.7550 6.7550 6.7550 6.5000 I� 5.9125 5.5000 ? 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 N.. ~� Fiscal Yea: Your City taxes will make up less than one-third of your total property tax bill. Even when the City's tax rate is reduced, you may pay more taxes if your property value increases or other taxing authorities raise their rates. 7 CITY OF ST. PETERSBURG, FLORIDA Where The Money Comes From • Governmental Funds Revenues For financial reporting the City maintains 33 individual governmental funds. Governmental funds are those primarily supported by tax dollars for services and are shown using the current financial resources measurement focus and modified accrual basis of accounting. The governmental funds reflect the City's basic services provided, including public safety, transportation, general government administration and culture and recreation. The majority of services provided are supported through property tax, public service tax, franchise tax, state shared taxes and direct charges for services revenues. 2021 SOURCES OF REVENUE SOURCES OF Charges for General Intergovernmental Earnings on REVENUE Administration — 30% Investments 2� 1% DEFINITIONS Charges for Services& g User Fees Other TAXES • City imposed 8% k. / Miscellaneous property, franchise and — Revenues occupational taxes Fines& _ _ _ _ 2% Forfeitures PUBLIC SERVICE TAX • 1% City-imposed utility taxes Licenses&r Permits 2% LICENSES & PERMITS • Economic Development building permit fees, Public Service Tax_, 9% contractor licensing fees and special events Taxes permits 45% FINES & FORFEITURES • Receipts from fines and SOURCES OF REVENUE: 2021 2020 penalties imposed for violations of statutes and ordinances Taxes $ 171,861,215 $ 159,754,610 Public Service Tax 32,446,057 32,010,333 CHARGES FOR SERVICES & USER FEES • Receipts col- Licenses & Permits 6,854,843 6,236,132 lected from the public for services rendered (e.g. Fines & Forfeitures 2,697.099 3,215,178 parks&recreation programs, use of off-duty police Charges for Services & User Fees 31,894.540 28,904,688 personnel,etc.) Charges for General Administratior 7,634,208 7,484,544 CHARGES FOR GENERAL ADMINISTRATION • Revenue Intergovernmental 115,683,494 114,237,726 collected from the City's business-type funds for Earnings on Investments 3,638,094 10,584,846 general governmental services rendered Other Miscellaneous Revenues 7,383,622 6,418,152 $ 380,093,172 $ 368,846,209 INTERGOVERNMENTAL • includes federal, state and other grant revenues as well as the City's share of taxes imposed by the State of Florida and Pinellas County. The COVID-19 pandemic beginning in March 2020, continued to affect City revenues including certain taxes, other general revenues and charges for services. However compared to the prior year, those affects were not as dramatic as facilities and activities resumed. Earnings from investments decreased due to the dramatic decline in interest rates spurred by Federal Reserve action to stimulate the economy.The City taxable values continued to rise, increasing property tax revenues by$12.2 million. Intergovernmental revenues include a decrease in local option sales surtax from fiscal year 2020 due to a one-time $20 million funding in fiscal year 2020 from the County for the new Police Headquarters completed in fiscal year 2019. 8 CITY OF ST. PETERSBURG, FLORIDA Where The Money Goes • Governmental Funds Expenditures The City governmental funds expenditures have experienced an $11.3 million decrease in total expenditures from fiscal year 2020 to 2021. Public Safety is always a community priority and consistently ranks as the largest outlay. Fire and EMS expenditures increased primarily as a result of increased workloads, salary increases, COVID-19 responsibilities and hiring and equipping additional personnel. Community & Economic Development decreased primarily due to 2020 including $6.2 million from the City's Fighting Chance grant program for COVID assistance. Recreation & Culture increased primarily due to increased grant expenditures such as those under the Federal Emergency Rental Assistance Programs, while Capital Outlay decreased with the completion of various Capital Improvement projects. 2021 EXPENDITURES BY PROGRAM Debt Service_ - - _Capital Outlay - 7% 13% _General Government Recreation, 8% Culture& Social _Community&Economic 16% • Development 5% + Public Works 3% Fire&EMS_ 15% Police_ 31% Expenditure by Program 2021 2020 General Government $ 30,008,099 $ 27,325,173 EXPENDITURES BY PROGRAM DEFINITIONS Community& Economic Development 25,325,484 28,895,279 GENERAL GOVERNMENT • Consists of ser- Public Works 13,485,320 13,209,752 vices that benefit the public and City as a Police 114,567,607 115,399,543 whole Fire & EMS 56,365,430 51,197,394 PUBLIC SAFETY: POLICE • Includes the 7 bu- Recreation &Culture 60,297,629 51,963,146 reaus of the Police department Debt Service 25,120,900 35,465,128 PUBLIC SAFETY: FIRE & EMS • Includes the Capital Outlay 47,232,006 60,243,503 Fire and EMS divisions $ 372,402,475 $ 383,698,918 PUBLIC WORKS • Reflects the costs incurred / for planning and maintaining public infrastructure such as city roads, medians and city facilities 1 COMMUNITY & ECONOMIC DEVELOPMENT • Consists of costs of providing services which de- !`_ velop and improve the economic condition of the community ua (0/ " RECREATION, CULTURE & SOCIAL • Includes the costs of providing libraries, parks and recrea- , tonal/cultural facilities and programs / �` _ 1 DEBT SERVICE • Includes principal and interest payments on municipal debt. *° - CAPITAL OUTLAY• Expenditures of the City's Capital Improvement Program projects. 9 CITY OF ST. PETERSBURG, FLORIDA Enterprise Funds • Major Funds For financial reporting the City operates 14 enterprise funds that are primarily supported by "business" charges for services such as water, stormwater, sanitation, and other charges, and are shown using the economic resources measurement and accrual basis of accounting. Enterprise funds are set apart from other revenue sources and governmental funds as they are designed to highlight the extent to which fees and charges are sufficient to cover the cost of providing goods and services. The major enterprise funds at the City are the Water Resources, Stormwater, Sanitation and Tropicana Field Funds. The other enterprise funds at the City are the Airport, Port, Marina, Golf Courses, Jamestown Complex, Parking, Pier, Mahaffey Theater, Coliseum and Sunken Gardens. i , .4., 1a - r MAJOR ENTERPRISE FUNDS REVENUES VS. EXPENSES 2021 ' $200,000,000 $18D,DDD,DDD 1 $160,00D 000 y o Revenue and Other -- Sources 2021 $140,000,000 'i _ $120,000,000 $100,000,000 u Expenses and MAJOR ENTERPRISE FUNDS: $a❑oaa aaa , Other Uses 2021 The revenues versus expenses $6o,000,000 comparison demonstrates if funds have sufficient resources to pay $40'000' 000 operating costs and debt and $20,000,000 interest payments during the year $o _, I to operate as self-supporting Water Storm water Sanitation Tropicana enterprise funds. Resources Field Water resources experienced an increase in net position in 2021 (revenues and other sources were approximately $21.3 million higher than expenses and other uses) due primarily to utility rate increases.The utility rate increases (and thus excess revenues over expenditures) are to be used to invest in water resources utility system upgrades and related future debt service payments. As compared to the prior year, total expenses and other uses experienced an increase of$4.8 million while revenues and other sources increased by$11.3 million . Sanitation results show an increase in net position of$3.0 million in 2021 due to the rate increases which will be used to invest in planned facility, service and equipment improvements and additional operating expenses . Stormwater experienced an decrease in net position of $0.3 million in 2021 primarily due to additional operations costs to support additional preventative maintenance to reduce flooding offset by rate increases. Compared to the prior year, total revenues and other sources increased $1.8 million, while expenses and other uses experienced an increase of$1.2 million. Tropicana Field results showed a $2.4 million decrease in net position in 2021 compared to a decrease of$2.9 million in the prior year, primarily due to COVID-19 attendance changes and post-season games played out of the City. Tropicana Field depreciation expense included in expenses and other uses was$3.1 million in 2021. 10 CITY OF ST. PETERSBURG, FLORIDA Enterprise Funds • Nonmajor Funds NONMAJOR ENTERPRISE FUNDS: Many of the nonmajor enterprise funds atjil ._ the City have experienced rising costs oflirvf , providing services due to inflation or fIlli increased healthcare costs and have not , been able to pass on the increase through fitly , charges for services. In many instances r-�nu"uii-rvel,A - _ the City has continued to "subsidize" i-ipwr----""�" ! 1'''' • T i , ill __ some of these enterprise funds through !�� • • _ '"" transfers and loans, as needed, to , �, : n : 1tioh1sand provide services - > ; A _ ft fsT_ "_ = In 2021, the Parking, Marina and Golf - ; funds had sufficient operating revenues '- and other sources to cover the costs of providing services. The Pier, Port, Jamestown Complex, Coliseum, and _— Mahaffey Theater funds all receive transfers or loans from the General `0.15. Fund to support operations. The Airport, Marina, Pier, Jamestown , Complex, Coliseum and Sunken Gardens also received capital assets ,f� (construction in progress) from governmental-activities-sponsored it !,5 ,'tk; funding sources, such as tax increment financing and grants, that is 1 ' i; k, , ;' i included in the total for revenues and other sources. ®`I Ir NONMAJOR ENTERPRISE FUNDS REVENUES VS. EXPENSES 2021 $10,000,000 u Revenue arid Other Sources 2021 $1,000,000 - — $100,000 — $10,000 — $1,00❑ — Expenses and Other $100 — Uses 2021 $10 — $1 - P�� Q°� Ct`a``�a CS a��\e4 �� re��e` e`et �`�� a�ae�y G Q ca o s(`�-o ara � e� 5 11 CITY OF ST. PETERSBURG, FLORIDA Debt Outstanding As of September 30, 2021, the total gross indebtedness of the City was $853 million with reserves of $5 million for a net debt of $848 million. A comparison of gross debt of $821 million as of September 30, 2020, shows an increase of $31.6 million during the year. Governmental debt had a net decrease of$15.6 million in gross debt due to (1) $7.6 million in debt issuance, (2) refunding of the Professional Sports Facility Sales Tax Refunding Revenue Bond, Series 2014 for $8.5 million, and (3) $14.7 million in principal payments. Enterprise debt had a net increase of$47.3 million in gross debt due to (1) $132.2 million in debt issuance (new bonds and refunding issuances), (2) refunding of Public Utility Revenue Bonds, Series 2013A and 2013C for$58 million, (3) early payoff of State Revolving Fund Loans CS120521020, CS12052104P, WW52105L, CS120521030, and WW520600 for $6.3 million, (4) refunding of TD Bank Non-Ad Valorem Revenue Note, Series 2017A for $2.5 million and (5) $18.1 million in principal payments. On July 15, 2021, the City executed $71,995,000 in Public Utility Revenue Bonds, Series 2021A and $57,610,000 in Taxable Public Utility Refunding Revenue Bonds, Series 2021B. The Public Utility Revenue Bonds, Series 2021A proceeds are being used for upgrades to water reclamation facilities, wastewater lift stations, wastewater collection system, water treatment plant and pumping station, water distribution systems, reclaimed water distribution system, computer resources and support facilities, stormwater system, and the acquisition, construction, and erection of improvements to the System. The proceeds are also being used to advance refund the City's outstanding State Revolving Fund Loans CS120521020, CS12052104P, WW52105L, CS120521030, and WW520600. The Taxable Public Utility Refunding Revenue Bonds, Series 2021B proceeds are being used to advance refund the City's outstanding Taxable Public Utility Revenue Bonds, Series 2013A and Taxable Public Utility Revenue Bonds, Series 2013C which mature on or after October 1, 2023, and October 1, 2024, respectively. The difference in cash flows is $397,911 and $17,284,186 respectively for the 2021A and 2021B bonds. The economic gain is$425,485 and $8,613,981 respectively for the 2021A and 2021B bonds. For more details,please _ r a:. Iti download the City's Debt liQ��;"� \ swlN `pQE �, �!; Supplement Report from : ., ►;p � ,A iI� (: ,p4 ourwebsite: s '� 'IP / www.stpete.org/finance • �o 0 !Iiir .._---As . .littx,;,.. 1 _.r // ron 5 "presto i: i \ ..* ITS - � / - auo�!j 12 CITY OF ST. PETERSBURG, FLORIDA Debt Outstanding Combined Schedule of Outstanding Debt Governmental Debt Date of Interest IllahrRy Outstanding Issue Debt Description Rate Date Debt Revenue Bonds 3/912016 Public Service Tax Revenue Bands, 2.52% 101112031 37,695,000 Series 2016A 319/2016 Public Service Tax Revenue Bands, 2.52% 101112031 15,030,000 Series 201 GB Total Revenue Bonds 52,725,000 Notes Payable 511212017 TD Bank Non Ad Valorem Revenue 1.84% 1211/20 2 5,145,000 Note, Series 2017D 5f1212017 BOA Leasing & Capital LLC Taxable 3.87% 12f112032 2,165,000 Non Ad Valorem Revnnue Nate (QECB}, Series 2017E 227120 JPr 1organ Non-Ad Valorem Revenue 1.70% 12/1/29 23,190,000 Note, Series 2020 1/25/2020 Key Government Finance Non-Ad 0.96% 11/1123 3,000,00D Valorem Revenue Note, Series 2020A 3125/2021 PNC Taxable Nov-Ad Valorem Refunding 0.93% 10/1/25 7,665,000 Revenue Note, Series 20 21 A Total Notes Parable 41,165,000 Lease 0% to 01/2020 Motorola Solutions, Inc. 1.70% 12f 1}2025 5,146,027 Equipment Lease with AID 2.15% Total Lease 5,146,027 Total Governmental Debt $ 99,036,027 13 CITY OF ST. PETERSBURG, FLORIDA Debt Outstanding Combined Schedule of Outstanding Debt - Enterprise Debt Date of Interest Illattrity Outstanding Issue Debt Description Rate Date Debt Revenue Bonds 1/15/2013 Public Utility Revenue Bonds, 3.00%-4.00% 10/1/2042 1,570,000 Series2013A 1/15/2013 Public Utility Refunding 2.50%-4.00% 10/1/2033 879,000 Revenue Bonds,Series 2013B 1 11 1 3120 1 3 PublFc Utility Revenue Bonds, 4.25%-5.00% 1041/2043 1,735,000 Series 2013C 1 01 1 5120 1 4 Public Utility Revenue Bonds, 3.00%-5.00% 1041/2044 39,535,000 Series 2014A 1 01 1 5120 1 4 Public Utility Refunding 3.00%-5.00% 1041/2035 38,590,000 Revenue Bonds,Series 2014B 1 11 1 9120 1 5 Public Utility Revenue Bonds, 2.75%-5% 1041/2045 27,660,000 Series2015 8116/2016 Public Utility Refunding 1.75% 1011/2028 38,965,000 Revenue Bonds,Series 2016A 1 011 8/201 6 Public Utility Refunding 2.50%-5.00% 1011/2039 51,455,000 Revenue Bonds,Series 2016 B 1 0/26120 1 6 Public Utility Revenue Bonds, 4.00%-5.00% 1041/2046 42,670,000 Series 20160 1 014120 1 6 Public Utility Refunding 4.00%-5.00% 111f2048 202,065,000 Revenue Bonds,Series 2018 11/14/19 Public Utility Revenue Bonds, 5.00% 10/1/2049 53,035,000 Series 2019A 11114119 Public Utility Refunding 3.00%-5.00% 10I1/2040 42,060,000 Revenue Bonds,Series 2019B 8/28/2020 Public Utility Refunding 1.60% 1041/2033 40,150,000 Revenue Bonds,Series 2020 7/15/2021 Public Utility Revenue Bonds, 4.00%-5.00% 1041/2050 71,995,000 Series2021A 7115/2021 Publlc Utility Refunding 0.10%to 210% 10/1/2043 57,619,000 Revenue Bonds,Series 2021B Total Revenue Bonds 3 701,005,000 Notes Payable Various State Revolving Fund Loans Various Various 48,794,632 10/7/2014 Hancock Bank Non Ad 1.44% 10/12022 575,000 Valorem Revenue Notes, Series 2014 3/8/2017 TD Bank-2017B Note- 1.98% 711/2022 625,000 Manna Project(Refund 2007) 3/25/2021 PNC Taxable Non Ad Valorem 1.86% 711/2031 2,575,000 Refunding Revenue Notes, Series 2021B Total Notes Payable 52,569,632 Total Enterprise Debt 753,574,632 Total Indebtedness September 36,2621 5 852,619,659 14 CITY OF ST. PETERSBURG, FLORIDA Mayoral Transition and City Vision The City wishes to thank Mayor Kriseman and his administration for their exemplary _ ' leadership the past eight years. Their stewardship was instrumental in making the "Sunshine City" a city of opportunity where the sun shines on all who come to live, work and play. ( �i ever 1 On January 6, 2022 the City welcomed Mayor Ken Welch and Deputy Mayor Stephanie Owens who have outlined a City Vision of Principled Progress where St. Petersburg will be a diverse, vibrant city guided by principled progress and intentional inclusivity, where innovation, partnerships and ingenuity create opportunity for all. PRINCIPLES FOR ACCOUNTABLE AND RESPONSIBLE GOVERNMENT IN-TOUCH INTENTIONAL EQUITY • Our approach will be hands-on,active in the community, • We will incorporate equity into all policies,to ensure and collaborative with constituents that our growth benefits our entire community INFORMED DECISION MAKING • Everyone will have a seat at the table, every constituent • We will be guided by best practices,facts,science will be heard, and every employee will be valued and our city's history INNOVATION COMMUNITY IMPACT • We will embrace new technologies,new ideas, and creative partnerships to implement effective solutions • We will ask the question "will it improve the quality and improve constituent services of life for the people of St. Petersburg?" PILLARS OF PROGRESS 411/1 . • -1.01;i4: • Air ■ o' a ,cr " sox s.0 Equitable Education and Development, Neighborhood Environment, Housing Youth Arts and Health and Infrastructure Opportunities Opportunities Business Safety and Resilience for All Opportunities 15 F[INANCE DEPAR1R4EN'T lEman Filnance0StPetecarg 0 UeDephoneg (727) 693-7304 f , , • 0 \ . -,\\\ „ • ' . . , - , (-'1111t , N\1 =LCNI= st.petersburg • www.stpete.org YOU mysunSHINE A R E CITY