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

16,244,000 182  FUNDING METHODOLOGY FY 2021-22 TIMELINE Operating & 1/2 FUTURE (1) Cent Sales Tax Bond / Debt Other / Fund Bal / Net FIVE YEAR Estimated Project YEAR (2) Revenues Grant Issue In-Kind Assets TOTAL Start Duration EXPENSES 200,000 - - - 2,345,000 2,545,000 Oct 2021 24 months - - - - - - - Oct 2021 12 months - 35,000 - - - 20,000 55,000 Oct 2021 12 months - 235,000 - - - 2,365,000 2,600,000 - 100,000 2,750,000 2,850,000 Oct 2021 36 months - 20,000 - - - 1,000,000 1,020,000 Oct 2021 24 months - 120,000 - - - 3,750,000 3,870,000 - - - 230,000 - 920,000 1,150,000 Oct 2021 24 months - - - 230,000 - 920,000 1,150,000 - - - - - 450,000 450,000 Oct 2021 24 months - - - - - 450,000 450,000 - - - - - 150,000 150,000 Oct 2021 12 months - - - - - 300,000 300,000 Oct 2021 24 months - - - - - 450,000 450,000 - 300,000 - - - 300,000 600,000 Oct 2021 24 months - 175,000 - - - 134,000 309,000 Oct 2021 12 months - 300,000 - - - 1,200,000 1,500,000 Oct 2021 12 months - - - - - 200,000 200,000 Oct 2021 12 months - 100,000 - - 50,000 150,000 Oct 2021 12 months - 12,500 - - 62,500 75,000 Oct 2021 12 months - 775,000 112,500 230,000 - 1,716,500 2,834,000 - 1,130,000 112,500 460,000 - 9,651,500 11,354,000 - - - - - 190,000 190,000 Oct 2021 36 months - - - - - 190,000 190,000 - - - - - 2,000,000 2,000,000 Oct 2021 24 months - - - - 300,000 300,000 Oct 2021 12 months - - - - 2,300,000 2,300,000 - - - - - 150,000 150,000 Oct 2021 12 months - - - - - 500,000 500,000 Oct 2021 12 months - - - - 400,000 400,000 Oct 2021 12 months - - - - 1,050,000 1,050,000 - - - - - 3,350,000 3,350,000 - - - - - 1,050,000 1,050,000 Oct 2021 36 months - 100,000 - - 50,000 150,000 Oct 2021 12 months - 100,000 - - 50,000 150,000 Oct 2021 12 months - 200,000 - - 1,150,000 1,350,000 - 1,130,000 312,500 460,000 - 14,341,500 16,244,000 - Italics denotes a project beyond the current five-year CIP horizon. (1) Other includes special assessments and land sales. (2) In-kind matching grant contributions are budgeted as operational expenses (usually personal services). Note: Some projects also have carry-over funds, which are not included in these totals but noted as part of the budget resolution at the end of the budget document. 183 City of Fort Walton Beach, Florida FY 2022 - 2026 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Westside Fire Station Responsible Department: Fire Neighborhood/Loc Citywide Responsible Division: Fire - Administration Project Manager: Fire Chief Project Category: Public Buildings Project Type: Multi-Year Project Number: Estimated Useful Life (years): 50 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 12/30/23 Project Description/Justification: This project provides a new fire station on the western side of the City. The Fire Station will provide primary response to the C&TP area, but assigned resources will be subject to call citywide. The station will provide coverage for existing and any future growth in the area. FY 2022 Secure property (possibly tennis center property) and complete A&E services for fire station FY 2023 Complete construction of the facility and place in operation FY 2024 FY 2025 FY 2026 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2022 2023 2024 2025 2026 Total Project Cost Improvements 200,000 2,300,000 - - - 2,500,000 Construction Furniture/Fixture/Equip. - 30,000 - - - 30,000 Furnishings Operational Impact - 15,000 - - - 15,000 Utilities Total Expenditures 200,000 2,345,000 - - - 2,545,000 2,545,000 Expenses From Prior Year(s): $0 Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2022 2023 2024 2025 2026 Total Revenue City Funding 200,000 2,345,000 2,545,000 Grant Funding - - - Debt Financing - Other Outside Funding - Revenue Enhancements - - - - - - Total Revenue Funding: 200,000 2,345,000 - - - 2,545,000 2,545,000 Insert Picture Here 184 City of Fort Walton Beach, Florida Sales Tax Project Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Outdoor Shooting Range - FWBPD Responsible Department: Police Neighborhood/Loc Citywide Responsible Division: Police - Support Services Project Manager: Tracy Hart Project Category: Public Buildings Project Type: New Project Number: Estimated Useful Life (years): 50 Criteria Type: Public Health & Safety Projected Date of Completion: 09/30/22 Project Description/Justification: The FWBPD is in dire need of a shooting range that is under the ownership and operation