The camera has been operating at the intersection of University Street and Citrus Avenue since May 2008.
The police department's statistics show that collisions at that intersection dropped 42 percent in the past year.
But Chief Jim Bueermann said several factors, including the red light camera, could be attributed to the decrease in accidents. Police point to a change in the length of the yellow phase of the signal as an additional contributing factor.
The city paid the company in charge of the red light camera a flat fee of $6,000 a month for the single monitored intersection.
Bueermann said the cost of maintaining the system far outweighed the revenue being generated.