Fort Walton Beach — Fiscal Year 2021-22 Adopted Budget — reading text

Transfers $3,073,567 , 5.8% , $1,075,601 , 2.0% General State Revenue Economic Government , Sharing & Other Environment , $3,877,353 , 7.3% Interest & Other Intergov't , $1,258,453 , 2.4% Revenues , $1,169,863 $4,863,132 , 9.2% , 2.2% Transportation , $862,200 , 1.6% Fines and Forfeitures , $68,427 , 0.1% Recreation, Golf, Cemetery, Other Fees Physical Public Safety , , $3,145,442 , 6.0% Environment , $13,621,672 , 25.8% Stormwater Fees , $14,262,117 , 27.0% Water & Sewer Fees $1,027,413 , 1.9% Garbage Fees , , $11,619,895 , $4,466,098 , 8.4% 22.0% User Fees are the largest revenue source for the City Physical Environment includes water, sewer, at 38.3% and generate $20.2M. Unlike taxes, these garbage, stormwater, and cemetery operations, charges are directly related to the service received comprising the largest expense to the City at and are collected for recreation & golf activities, $14.2M, or 27.0%. water & sewer services, garbage collection, and Public Safety includes police, fire, code stormwater. enforcement, and building inspection and totals Ad Valorem (Property) Taxes are the City’s second $13.6M, or 25.8%, of expenses. largest revenue source at $8.28M, or 15.7%, of Recreation & Cultural Services totals $4.89M, or revenues. Property taxes fund essential services such 9.3%, of expenses and includes parks & recreation as police, fire, planning, & code enforcement. programs and facilities, senior activities, library, Other Taxes total $7.5M and are the third largest museums, and golf courses. revenue source at 14.2%. This category includes local option gas tax, ½ cent sales tax, utility taxes, communication services tax, business tax receipts, insurance premium tax for police and fire pensions, and other state shared revenues. BUDGET SUMMARY FY 2021-22 FY 2020-21 $ Variance % Variance General Fund 27,697,297 26,802,966 894,331 3.34% Law Enf. Trust Fund 12,173 12,173 0 0% Law Enf. Training 500 500 0 0% FBC Fund 651,101 474,211 176,890 37.30% CDBG Fund 168,866 234,807 (65,941) (61.05)% CRA Fund 2,437,243 3,585,259 (1,148,016) (32.02)% Debt Service Fund 1,685,496 1,076,579 608,917 56.56% Utilities Fund 13,583,413 11,619,083 1,964,330 16.91% Sanitation Fund 4,513,696 4,637,685 (123,989) (2.67)% Stormwater Fund 1,726,249 1,040,981 685,268 65.83% Beal Memorial Fund 385,317 91,422 293,895 321.47% GRAND TOTAL $52,861,351 $49,575,666 $3,285,685 6.63% City of Fort Walton Beach, FL 30 Executive Budget Summary Operating Budget Capital Budget $46,928,297 $5,933,054 $16 $4,000 $14 $3,500 $12 $3,000 $10 $2,500 Millions Thousands $8 $2,000 $6 $1,500 $4 $1,000 $2 $500 $0 $0 Highlights for the upcoming year include: General Government is comprised of the City IT Replacements – 45 computers, 15 laptops, 2 Council, City Manager, IT, Human servers, 16 tablets. Resources, City Clerk, Finance, Purchasing, Development Services, Fleet, and Vehicle Replacements – 5 police patrol vehicles, 6 Facilities. These groups shape overall City policy trucks, 1 knuckle boom and/or provide guidance and assistance to other Facility Repairs – Recreation: resurface gym floor, departments and the public. City Hall Chiller, Parking Lot Striping. Public Safety includes Police, Fire, Code Street Resurfacing/Restriping – Resurfacing: Golf Enforcement, and Building Permitting & Course Drive NE (Eagle Street NE to Fairway Inspections. These groups monitor the Avenue NE, Fairway Avenue NE to Mooney Road safety and welfare of City NE). Golf Course Drive NE (Powell Drive NE to property owners. Fairway Avenue NE to Eagle Street NE). Stafford Physical Environment includes the production and Circle NE (Mooney Road NE to Cul-de-sac). distribution of drinking water, collection and Carlyle Court NE (Merioneth Drive NE to Cul-de- treatment of wastewater, collection of sac). White Wilson Parking Alley. residential and commercial garbage, Sewer Grouting & Lining – Locations based upon recycling, management of stormwater and video reports, maintenance, and flow monitoring environmental issues, and cemetery operations. Storm Drainage Improvement – Identified in the Transportation includes right-of-way, engineering, five-year schedule listed in the Stormwater Master and streets. Plan Economic Environment includes the CDBG program for low-moderate income families and the CRA program to revitalize blighted areas. Recreation activities include neighborhood and facility parks, a tennis center, a library, a museum complex, a recreation complex, and two 18-hole golf courses. City of Fort Walton Beach, FL 31 Executive Budget Summary Did You Know? . . . The City of Fort Walton Beach comprises 35.0% of a citizen’s tax bill. One mill equals $1 per $1,000 of taxable property value. Over 11% of properties within the City have exemptions that enable them to pay no property taxes (i.e. homestead exemptions). Other Financing Sources Other Taxes Intergov't Revenue Fines & Forfeitures $0,387,528 $7,502,599 $4,863,132 $68,427 Ad Valorem Taxes Licenses & Permits Charges for Services Interest & Other Fund Balance / Net Assets $8,288,608 $3,735,921 $20,258,847 $782,335 $6,973,954 67% of residents & 58% of businesses will pay $50.00 or less per month in City property taxes That’s far less than two common monthly bills…. Basic Cable TV & Internet Cell Phone $109.99 $129.98 City of Fort Walton Beach, FL 32 Executive Budget Summary Revenues by Category Budget 2021-22 Budget 2020-21 Actual 2019-20 Actual 2018-19 Actual 2017-18 $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 $22 Millions Fund Balance / Net Assets / Transfers Other Financing Sources Interest & Other Fines & Forfeitures Charges for Services Intergov't Revenue Licenses & Permits Other Taxes Ad Valorem Taxes Expenses by Category Budget 2021-22 Budget 2020-21 Actual 2019-20 Actual 2018-19 Actual 2017-18 $0 $2 $4 $6 $8 $10 $12 $14