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City of Key West

City of Key West. Garrison Bight Fund Fiscal Year 2009-10 Mid-Year Budget Review. October 1, 2009 - March 31, 2010. City of Key West Garrison Bight Fund. Major Revenue Sources : 1) Marina Tenants Revenues Projected to Make Budget 2) Mooring Field Revenues Projected to Make Budget

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City of Key West

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  1. City of Key West Garrison Bight Fund Fiscal Year 2009-10 Mid-Year Budget Review October 1, 2009 - March 31, 2010

  2. City of Key West Garrison Bight Fund Major Revenue Sources: 1) Marina Tenants Revenues • Projected to Make Budget 2) Mooring Field Revenues • Projected to Make Budget 3) Transient Revenues • Mid-Year Unfavorable Variance Approx. $ 6K • Projected Annual Loss to Budget Approx. $ 12K 4) Ramp / Pump Out / Parking Revenues • Mid-Year Unfavorable Variance Approx. $ 9K • Projected Annual Loss to Budget Approx. $18K

  3. City of Key West Garrison Bight Fund Recovery Plan: Projected FY 2010 Revenue Shortfall: $30K Expenditure Reductions: Alternative approach to concrete railing repair will reduce estimated cost by $50K Lapsed Salary Dollars & Reduced Operating Expenses

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