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

PKFL10462003 23-19 Public Risk Insurance Agency Forgery $ 250,000 Alteration 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Money & $ 10,000 Securities (theft) 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Crime $ 250,000 Public Employees (Employee dishonesty) Blanket Fidelity Bond 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency General $ 1,000,000 Occurence Liability 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Property $ 62,098,000 Blank Real & Personal Property 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Property $ 2,000,000 Business Income (Interruption) $ 2,000,000 Additional Expense 10/1/23 to 10/1/24 PGIT WC-FL10462003 23-14 Public Risk Insurance Agency Worker's $ 1,000,000 Each Accident Comp $ 1,000,000 Disease (Policy Limit) $ 1,000,000 Disease (Each Employee) 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Public Officials $ 5,000,000/inc Claims Made Empl. Practice $ 5,000,000/agg Claims Made 10/1/23 to 10/1/24 Ace American ADD N16744931 Chubb AD&D $ 75,000 Line of Duty Coverage ACHUBB Co. $ 75,000 Fresh Pursuit Coverage $ 225,000 Unlawful/Unintentional 10/1/23 to 10/1/24 PGIT PKFL10462003 23-19 Public Risk Insurance Agency Boiler & $ 70,556,018 Equipment Breakdown Machinery 5/1/21 to 5/1/24 Travelers 105927344 Fisher-Brown Agency Fiduciary $ 2,000,000 Retirement Fund for General Liability Employees and Police 10/1/23 to 10/1/24 Ace American PTP N1793868A Chubb Group Cancer $ 25,000 First Diagnosis Cancer Benefit $ 25,000 First Diagnosis Benefit Continuation $ 75,000 Cancer Death Benefit Source: City of Fort Walton Beach Risk Management Department 136 IV. COMPLIANCE SECTION  OTHER SUPPLEMENTARY INFORMATION  COMPLIANCE MATTERS  MANAGEMENT LETTER  CITY OF FORT WALTON BEACH, FLORIDA OTHER SUPPLEMENTARY INFORMATION SCHEDULE OF RECEIPTS AND EXPENDITURES OF FUNDS RELATED TO THE DEEPWATER HORIZON OIL SPILL FOR THE YEAR ENDED SEPTEMBER 30, 2023 Amounts Amounts Received in Expended in the 2022-2023 the 2022-2023 Source Fiscal Year Fiscal Year Florida Coastal Protection Trust Fund Early Restoration Deepwater Horizon oil spill 1 $ - $ - 1 NOTE: This does not include funds related to the Deepwater Horizon oil spill that are considered state financial assistance. The schedule of expenditures of federal awards and state financial assistance includes $1,100,140 of expenditures of state financial assistance (included for CSFA #37.081) that are related to the Deepwater Horizon oil spill. 137  INDEPENDENT AUDITORS’ REPORT ON THE SCHEDULE OF RECEIPTS AND EXPENDITURES OF FUNDS RELATED TO THE DEEPWATER HORIZON OIL SPILL To the Honorable Mayor and City Council Members City of Fort Walton Beach, Florida We have audited the financial statements of the City of Fort Walton Beach, Florida (the City) as of and for the year ended September 30, 2023, and have issued our report thereon dated March 15, 2024, which contained an unmodified opinion on those financial statements. Our audit was performed for the purpose of forming an opinion on the financial statements as a whole. The Schedule of Receipts and Expenditures of Funds related to the Deepwater Horizon Oil Spill, as listed in the table of contents, is presented for the purpose of additional analysis as required by Chapter 288.8018, Florida Statutes, and the Chapter 10.557(3)(f), Rules of the Auditor General, and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. Fort Walton Beach, Florida March 15, 2024 138  CITY OF FORT WALTON BEACH, FLORIDA SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED SEPTEMBER 30, 2023 Federal / State Agency Assistance Passed Pass-Through Entity Listing Number Through to Federal Program / State Project / CSFA Contract/Grant Number Expenditures Subrecipients U.S. Department of Housing & Urban Development Direct programs: CDBG Entitlement Grants Cluster Community Development Block Grants 2021-23 14.218 M-2X-MC-12-0030 $ 199,173 $ - COVID-19 Community Development Block Grants 14.218 B-20-MW-12-0030 42,119 - Indirect programs: Pass-through from Florida Department of Commerce: COVID-19 Community Development Block Grants 14.228 22CV-E03 10,500 - 251,792 - U.S. Department of Justice Direct programs: Bulletproof Vest Partnership Program 16.607 1,669 - Public Safety Partnership and Community Policing (COPS) Grant 16.710 2020UMWX0107 35,840 - Indirect programs: Pass-through from Florida Department of Law Enforcement: Byrne Memorial Justice Assistance Grant 16.738 8C071 4,085 - Byrne Memorial Justice Assistance Grant 16.738 8C187 13,305 - 54,899 - U.S. Department of Transportation Indirect programs: Highway Safety Cluster Pass-through from Florida Department of Transportation: National Priority Safety Programs 20.616 G2K18 3,851 - U.S. Department of Homeland Security Direct programs: Assistance to Firefighters Grant 97.044 EMW-2021-FG-10095 13,849 - Staffing for Adequate Fire and Emergency Response (SAFER) Grant 97.083 EMW-2018-FH-00488 827 - Indirect programs: Pass-through from Florida Division of Emergency Management: Disaster Grants - Public Assistance 97.036 Z2635 33,718 - Disaster Grants - Public Assistance 97.036 D0611 175,749 - Disaster Grants - Public Assistance 97.036 D0717 53,434 - Disaster Grants - Public Assistance 97.036 D1041 142,690 - Port Security Grant Program 97.056 EMW-2022-PU-00456 147,341 - 567,608 - TOTAL EXPENDITURES OF FEDERAL AWARDS $ 878,150 $ - Florida Department of Environmental Protection Direct