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

4.7% $2,000,000 Interest & Other 0 0 0% $1,500,000 Approp. from Reserves 0 (1,263,150) (100)% $1,000,000 $2,437,243 (1,148,016) (47.1)% $500,000 $0 Actual Actual Actual Budget Budget 2017-18 2018-19 2019-20 2020-21 2021-22 Ad Valorem Taxes Intergov't Revenue Interest & Other Interfund Transfers Appropriations • The budget is predicated on the current millage rate of 5.3293 mills for the City’s portion of the TIF. One mill equals $1 per $1,000 of taxable property value. Expenditure Highlights $2,500,000 Budget. $2,000,000 2021-22 …… $ Change % Change Personal Services 467,900 (70,334) (15.0)% $1,500,000 Operations & Maintenance 500,191 95,955 19.2% Replenish Reserves 886,556 (73,842) (8.3)% $1,000,000 Interfund Transfer 186,096 4,006 2.2% $500,000 Capital Outlay/Imprvmt 396,500 (1,103,801) (278.4)% 0 $2,437,243 (1,148,016) (47.1)% $0 Actual Actual Actual Budget Budget 2017-18 2018-19 2019-20 2020-21 2021-22 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Interfund Transfers Replenish Reserves • Increases in Operational expenses are primarily due to increases in Economic Incentive Programs. • The decrease in capital outlay is due to the carryover of the funding for the Landing Improvements CIP from FY 2020-21. 124  109 COMMUNITY REDEVELOPMENT AGENCY FUND Actual Budget 2020-21 4 % 2017-18 2018-19 2019-20 Adopted Adopted Change 837,841 865,478 983,485 973,811 2000-311-1000 Ad Valorem Taxes - City Original TIF 1,037,888 6.58% 252,373 274,323 369,491 377,181 2000-311-1100 Ad Valorem Taxes - City Expanded TIF 380,088 0.77% $ 1,090,214 $ 1,139,801 $ 1,352,976 $ 1,350,992 Total Ad Valorem Taxes $ 1,417,976 4.96% $ 1,090,214 $ 1,139,801 $ 1,352,976 $ 1,350,992 TOTAL TAXES $ 1,417,976 4.96% 553,733 572,263 713,061 699,993 2000-338-2000 Ad Valorem Taxes - County Original TIF 746,053 6.58% 167,174 181,739 303,492 271,124 2000-338-2100 Ad Valorem Taxes - County Expanded TIF 273,214 0.77% $ 720,907 $ 754,002 $ 1,016,552 $ 971,117 Total Local Shared Revenues $ 1,019,267 4.96% $ 720,907 $ 754,002 $ 1,016,552 $ 971,117 TOTAL INTERGOVERNMENTAL REVENUE $ 1,019,267 4.96% 33,831 18,648 36,946 - 1500-361-1000 Interest Income - 0.00% $ 33,831 $ 18,648 $ 36,946 $ - Total Interest Income $ - 0.00% 21,300 36,701 - 2000-362-1000 Rental and Lease Income R - 0.00% $ - $ 21,300 $ 36,701 $ - Total Rents and Royalties $ - 0.00% $ 33,831 $ 39,947 $ 73,646 $ - TOTAL INTEREST & OTHER REVENUES $ - 0.00% - - - 1,263,150 1600-389-9100 Appropriation from Fund Balance - 100.00% $ - $ - $ - $ 1,263,150 Total Non-Operating Sources $ - 100.00% $ - $ - $ - $ 1,263,150 TOTAL TRANSFERS IN $ - 100.00% $ 1,844,952 $ 1,933,751 $ 2,443,175 $ 3,585,259 TOTAL FUND REVENUES $ 2,437,243 -32.02% 109-Revenues 8/19/2021 3:07 PM 125  109 CRA FUND - 2000 CRA Actual Budget 2020-21 2021-22 % 2017-18 2018-19 2019-20 Adopted Adopted Change Personal Services: - 5.00 5.00 6.00 Number of Employees (FTE's) 4.60 - 219,001 257,038 298,899 552-1200 Regular Salaries 254,127 -14.98% - - - - 552-1201 Service Awards 150 0.00% - 100 - 22,383 552-1202 Incentive Pay 15,452 -30.97% - 827 - - 552-1216 Final Leave - 0.00% - 22,369 7,907 6,965 552-1400 Salaries - Overtime 4,768 -31.54% - 9,582 3,417 5,696 552-1401 Salaries - Overtime Holiday Worked 5,435 -4.58% 18,493 19,490 - 552-1501 Incentive - 0.00% - 15,656 16,484 15,785 552-2100 FICA Taxes 15,000 -4.97% - 3,661 3,855 3,691 552-2101 Medicare 3,506 -5.01% 86,583 84,891 106,797 552-2201 Retirement Contributions - Police Officers 95,363 -10.71% - - - 3,905 552-2204 Retirement Contributions - DC Plan 2,716 0.00% - 36,311 42,859 64,222 552-2300 Dental, Life & Health Insurance 63,762 -0.72% - 9,217 7,237 9,891 552-2400 Worker's Compensation 7,621 -22.95% $ - $ 421,800 $ 443,178 $ 538,234 Total Personal Services $ 467,900 -13.07% Operating Expenses: 127,952 118,243 408,581 - 552-3100 Professional Services 50,000 0.00% 331,365 183,929 198,768 165,000 552-3400 Other Services 165,000 0.00% 1,100 178 6,245 - 552-3450 Other Services - Grounds Maintenance - 0.00% (2) 591 811 1,200 552-4000 Travel and Per Diem 1,200