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

0.00% 264 64 - - 552-4100 Communication Services - 0.00% - - - 700 552-4200 Postage 700 0.00% 127,016 126,943 136,382 107,500 552-4300 Utilities 110,725 3.00% 2,350 11,550 20,600 20,600 552-4400 Rentals & Leases 24,600 19.42% - - 2,440 1,803 552-4610 Maintenance Contracts 1,808 0.00% 519 378 - - 552-4620 Vehicle Repair - 0.00% 922 388 261 - 552-4630 Equipment Repair - 0.00% - 5,624 11,901 - 552-4640 Building Maintenance - 0.00% - 5,065 1,020 5,000 552-4800 Promotional Activities 5,000 0.00% - - - - 552-4911 Holiday Gift Certificates 125 100.00% 802 - 310 - 552-4915 Legal Advertising - 0.00% 84 2,255 - - 552-5200 Operating Supplies - 0.00% 1,436 33 - - 552-5204 Fuel & Oil - 0.00% 31,459 - 84 18,000 552-5250 Operating Supplies - Grounds Maintenance 18,000 100.00% 109 - - - 552-5300 Road Materials & Supplies - 0.00% 1,440 1,838 1,170 1,890 552-5400 Dues & Publications 1,890 0.00% 444 445 - 1,143 552-5500 Training 1,143 0.00% Non-Operating: 72,626 60,860 - 81,400 552-8200 Grants and Aids 120,000 47.42% $ 699,886 $ 518,384 $ 788,572 $ 404,236 Total Operating Expenditures $ 500,191 23.74% Capital Outlay: 681,042 459,317 1,003 25,000 552-6214 Improvements Buildings 20,000 -20.00% 18,930 9,162 94,791 70,000 552-6310 Improvements Other Than Buildings 61,500 -12.14% $ 699,972 $ 468,479 $ 95,794 $ 95,000 Total Capital Outlay $ 81,500 -14.21% Capital Improvements Program: - - - - 5018 - Downtown Parking Lot Improvements 200,000 100.00% 91,031 596,491 - - 5607 - Streetscape - 0.00% 64,366 19,229 29,634 1,405,301 5499 - Landing Improvements - -100.00% - - - - 5608 - Install Wayfinding in West Waterfront, Beal Pkwy & Uptown 65,000 100.00% - - - - 5609 - Demo of Bluewater Zoo & Bldg Designs 50,000 100.00% $ 155,397 $ 615,720 $ 29,634 $ 1,405,301 Total Capital Improvements Program $ 315,000 -77.58% Other Financing Activity: 174,335 178,171 182,090 552-9901 Cost Allocation Reimbursement to General Fund 186,096 2.20% - - - 960,398 581-9999 Reserved - Undesignated Net Assets 886,556 -7.69% $ - $ 174,335 $ 178,171 $ 1,142,488 Total Other Financing Activity $ 1,072,652 -6.11% $ 1,555,254 $ 2,198,718 $ 1,535,349 $ 3,585,259 TOTAL EXPENSES $ 2,437,243 -32.02% 8.00 5.00 5.00 6.00 Number of Funded Employees (FTE's) 4.60 -23.33% 399,340 - - - Police - 0.00% 1,555,254 2,198,718 1,535,349 3,585,259 CRA 2,437,243 -32.02% $ 1,954,594 $ 2,198,718 $ 1,535,349 $ 3,585,259 TOTAL FUND EXPENSES $ 2,437,243 -32.02% $ (325,677) $ - $ - $ - NET REVENUE / (EXPENSE) $ 0 0.00% 126 109-2000-CRA 9/27/2021 10:55 AM COMMUNITY REDEVELOPMENT AREA (CRA) Share of City Budget $2,437,243, DESCRIPTION 4.4% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area. MISSION Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual YTD thru 03/31 Budget CURRENT GOALS, OBJECTIVES, & METRICS (FY22) 2017-18 2018-19 2019-20 2020-21 2020-21 2021-22 Attract & Retain Businesses in the Target Area New Businesses in the CRA 24 16 24 10 25 25 Square Footage of Business Expansions in the CRA 237,285 19 19,867 5,890 15,000 15,000 Businesses Approved for Economic Incentive Grants 0 5031 0 0 8 10 Value of Economic Incentive Grants Provided to New or Expanding Businesses $0 $0 $0 $0 $61,400 $100,000 Private Investment Leveraged as a Result of Incentive Grants $0 $0 $0 $0 $2,000,000 $2,000,000 Grant Applications Approved within Two Weeks 0% 0% 0% 0% 90% 90% Attract & Retain Residents in the Target Area New Housing Units in the CRA 3 2 1 0 10 10 FUTURE GOALS (FY23 & FY24)  Develop ways to increase the quantity of and access to public parking in the CRA.  Encourage private reinvestment through public improvements in the CRA.  Continue moving forward with additional plans, studies, and projects to implement Downtown Master Plan.  Update wayfinding signage throughout CRA.  Begin Phase I of Landing Master Plan for improvements to Fort Walton Landing Park. PRIOR YEAR ACCOMPLISHMENTS (FY21)  Completed design of wayfinding signage system.  Continued CRA Grounds Maintenance Contract to ensure that the district is clean and continually maintained. 127  Debt Service Fund The Debt Service Fund encompasses 3.19% of the City’s activities and services and accounts for the accumulation of resources for and the payment of general long-term debt principal and interest. Funds are transferred from the General Fund.