Fort Walton Beach — Annual Comprehensive Financial Report, September 30, 2023 — reading text

Walton Beach, Florida SCHEDULE 8 PRINCIPAL TAXPAYERS Unaudited 2023 2014 Total Total Assessed Assessed Taxpayer Value Percentage Rank Value Percentage Rank Florida Power & Light Co. $ 37,074,961 1.78% 1 $ 17,924,703 1.56% 1 Florida Power & Light Co. (Gulf Power Co.) Suso 2 Uptown, LP 20,210,337 0.97% 2 14,293,746 1.24% 2 Suso 2 Uptown, LP KAGR Fort Walton 1005 LLC 12,163,269 0.58% 3 6,090,252 0.53% 3 Fort Walton Machining, Inc. FWB Greens LLC 11,868,002 0.57% 4 6,071,539 0.53% 4 Cox Communications Gulf Coast, LLC Extra Space Properties Two LLC 10,734,992 0.52% 5 5,874,093 0.51% 5 Pacifica Walton Beach, LLC BAE Systems Technology 10,476,187 0.50% 6 5,832,398 0.51% 6 99 Eglin, LTD J2 Development LLC 10,314,265 0.49% 7 5,207,740 0.45% 7 Embarq Corp. WIM-FWB RI LLC 9,868,692 0.47% 8 4,841,868 0.42% 8 HSU Paul S & Majes Pacifica Walton Beach LLC 9,702,970 0.47% 9 4,776,715 0.42% 9 DRS Training and Control Cox Communications Gulf Coast, LLC 8,556,141 0.41% 10 4,677,929 0.41% 10 FNBT.com Bank Total Taxable Assessed Value of Principal Taxpayers 140,969,816 6.76% 75,590,983 6.58% Total Taxable Assessed Value of Other Taxpayers 1,943,373,231 93.24% 1,073,967,891 93.42% Total Taxable Assessed Value $ 2,084,343,047 100.00% $ 1,149,558,874 100.00% (1) The 2023 tax roll is the basis for fiscal year 2023-24 tax revenues. Source: Okaloosa County Property Appraiser 117  City of Fort Walton Beach, Florida SCHEDULE 9 PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Unaudited Ratio of Ratio of Amount of Percent of Amount of Total Total Taxes Delinquent Current Current Delinquent Collected Collected to Amount of Taxes to Tax Total Tax Taxes Taxes Taxes for the Current Delinquent Current Year Levy (1) Collected Collected Collected Year Levy Taxes Levy 2023 The 2023 tax levy is the basis for fiscal year 2023-24 tax revenues. 2022 $ 9,451,861 $ 9,105,332 96.3% $ 19,389 $ 9,124,721 96.5% $ 4,244 0.0% 2021 8,739,154 8,419,880 96.3% 21,315 8,441,195 96.6% 9,958 0.1% 2020 8,245,481 7,939,074 96.3% 13,594 7,952,668 96.4% 6,029 0.1% 2019 8,186,794 7,900,798 96.5% 18,327 7,919,125 96.7% 7,490 0.1% 2018 7,822,441 7,526,583 96.2% 20,747 7,547,330 96.5% 3,469 0.0% 2017 7,387,081 7,119,876 96.4% 8,632 7,128,508 96.5% 8,122 0.1% 2016 7,080,530 6,826,718 96.4% 18,798 6,845,517 96.7% 9,696 0.1% 2015 6,858,983 6,606,940 96.3% 30,392 6,637,332 96.8% 8,058 0.1% 2014 6,656,342 6,414,562 96.4% 31,452 6,446,014 96.8% 3,604 0.1% (1) Includes discount taken for early payment of taxes (maximum of 4%). Source: Okaloosa County Tax Collector 118  City of Fort Walton Beach, Florida SCHEDULE 10 RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Unaudited Governmental Activities Business Activities General General State Total Percentage Fiscal Obligation Lease Subscription Financing Revenue Revenue Obligation Lease Revenue Revolving Revenue Primary of Personal Per Year Bonds Liabilities Liabilities Contracts Notes Bonds Bonds Liabilities Notes Loans Bonds Government Income (1) Capita (2) 2023 $ - $ 193,047 $ 1,714,631 $ 536,581 $ 7,922,834 $ 10,950,732 $ - $ 166,017 $ 5,683,000 $ 9,704,126 $ - $ 36,870,968 0.28% 1,745.78 2022 - 393,186 - 600,745 8,888,359 11,365,436 - 190,610 6,167,000 10,452,433 - 38,057,769 0.30% 1,811.33 2021 - - - 944,447 9,828,934 11,764,842 - - 6,637,000 11,186,723 - 40,361,946 0.35% 1,926.77 2020 - - - 67,035 9,025,971 12,149,516 - - 7,093,000 11,907,259 - 40,242,781 0.38% 1,910.50 2019 - - - 6,681 9,726,372 12,520,000 - - 7,537,000 12,614,297 - 42,404,350 0.42% 2,025.04 2018 - - - 42,217 10,408,945 - - - 7,968,000 13,308,089 - 31,727,251 0.33% 1,523.15 2017 - - - 76,099 11,073,656 - - - 8,387,000 13,988,885 - 33,525,640 0.37% 1,605.17 2016 - - - 106,653 11,725,331 - - - 8,794,000 14,656,929 - 35,282,913 0.40% 1,689.88 2015 - - - 134,249 12,371,587 - - - 8,794,000 15,312,458 - 36,612,294 0.43% 1,754.39 2014 - - - 89,654 13,008,515 - - - - 14,004,706 9,640,146 36,743,021 0.45% 1,773.40 Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year. The City implemented GASB Statement 34 in 2002; schedules presenting government-wide information include information beginning in that year. (1) See Schedule 15 for personal income data. (2) See Schedule 15 for population data. Note: Beginning in FY22, the City implemented GASB Statement No. 87, Leases Note: Beginning in FY23, the City implemented GASB Statement No. 96, Subscription-Based Information Technology Arrangements Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. 119  City of Fort Walton Beach, Florida SCHEDULE 11 RATIO OF NET GENERAL BONDED DEBT OUTSTANDING Last Ten Fiscal Years Unaudited Governmental Activities Percentage of General Actual Taxable Fiscal Year Obligation Bonds Value of Property (1) Per Capita (2) 2023 $ - 0.00% $ - 2022 - 0.00% - 2021 - 0.00% - 2020 - 0.00% - 2019 - 0.00% - 2018 - 0.00% - 2017 - 0.00% -