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

47.2% 44.4% 76.4% 71.5% Sanitation Fund 0.0% 0.0% 0.0% 42.1% 40.0% Stormwater Fund 0.0% 0.0% 0.0% 53.2% 50.6% Debt Rating – The City maintains an AA rating with both Standard and Poor’s and Fitch. Principal Interest Total FY 2021-22 Budget Debt Impact 2,717,839 1,073,925 3,791,764 City of Fort Walton Beach, FL 25  Debt Principal and Interest Payments by Fund General Fund Enterprise Funds Total Fiscal Yr Principal Interest Principal Interest Principal Interest 2021-22 1,158,077.09 270,019.80 1,559,762.21 803,904.94 2,717,839.30 1,073,924.74 2022-23 1,733,311.62 249,028.12 1,601,394.56 762,548.60 3,334,706.18 1,011,576.72 2023-24 1,001,424.47 229,552.25 1,643,815.99 719,994.37 2,645,240.46 949,546.62 2024-25 768,834.66 222,608.83 1,776,051.51 676,217.25 2,544,886.17 898,826.08 2025-26 782,537.47 186,624.11 1,824,535.79 627,782.57 2,607,073.26 814,406.68 2026-27 804,505.59 165,906.27 1,874,017.52 577,912.43 2,678,523.11 743,818.70 2027-28 3,349,488.36 144,599.14 1,925,529.48 526,574.08 5,275,017.84 671,173.22 2028-29 358,306.30 54,830.28 1,979,105.54 473,704.42 2,337,411.84 528,534.70 2029-30 377,618.05 45,519.13 2,121,780.84 419,239.13 2,499,398.89 464,758.26 2030-31 385,832.70 35,554.54 2,182,000.43 359,762.32 2,567,833.13 395,316.86 2031-32 90,148.01 25,351.99 2,242,523.76 298,456.19 2,332,671.77 323,808.18 2032-33 93,600.68 21,899.32 2,306,394.79 235,305.96 2,399,995.47 257,205.28 2033-34 97,185.58 18,314.42 1,707,659.07 170,207.70 1,804,844.65 188,522.12 2034-35 100,907.79 14,592.21 1,283,680.47 122,503.05 1,384,588.26 137,095.26 2035-36 104,772.56 10,727.44 847,705.26 86,794.74 952,477.82 97,522.18 2036-37 108,785.35 6,714.65 880,172.37 54,327.63 988,957.72 61,042.28 2037-38 66,531.90 2,548.17 538,303.58 20,617.03 604,835.48 23,165.20 11,381,868.17 1,704,390.68 28,294,433.18 6,935,852.40 39,676,301.35 8,640,243.08 DEBT SCHEDULES Facility & Infrastructure Debt Service by Fiscal Year Fund 001, 401, 403 Fund 401 Fund 401 Fund 001 Fund 001 & 405 2015 2013 2013 2013A GRAND TOTAL SRF Loan Revenue Note Revenue Note Revenue Note Revenue Note Pum p Station & Utility System Municipal Recreation Fiscal Yr Force Main Im provements Municipal Facilities Facilities Complex & 2021-22 943,366.76 663,800.40 849,999.99 305,887.02 557,524.70 3,320,578.87 2022-23 943,366.76 664,076.40 850,000.00 923,598.85 557,524.58 3,938,566.59 2023-24 943,366.76 663,943.60 850,000.00 307,637.08 557,525.26 3,322,472.70 2024-25 943,366.76 663,402.00 950,000.00 305,137.44 557,524.76 3,419,430.96 2025-26 943,366.76 663,451.60 950,000.00 307,136.60 557,524.98 3,421,479.94 2026-27 943,366.76 663,063.20 949,999.99 308,387.28 557,524.58 3,422,341.81 2027-28 943,366.76 663,236.80 950,000.00 308,887.50 3,080,700.00 5,946,191.06 2028-29 943,366.76 663,943.20 950,000.00 308,636.58 2,865,946.54 2029-30 943,366.76 663,153.20 1,050,000.01 307,637.18 2,964,157.15 2030-31 943,366.76 663,896.00 1,049,999.99 305,887.24 2,963,149.99 2031-32 943,366.76 663,113.20 1,049,999.99 2,656,479.95 2032-33 943,366.76 663,834.00 1,049,999.99 2,657,200.75 2033-34 943,366.76 1,050,000.01 1,993,366.77 2034-35 471,683.52 1,050,000.00 1,521,683.52 2035-36 1,050,000.00 1,050,000.00 2036-37 1,050,000.00 1,050,000.00 2037-38 628,000.68 628,000.68 Total $ 12,735,451.40 $ 7,962,913.60 $ 16,328,000.65 $ 3,688,832.77 $ 6,425,848.86 $ 47,141,047.28 City of Fort Walton Beach, FL 26  Equipment Debt Service by Fiscal Year Fund 001 Fund 001 Fund 001 2022 2014 2015 Capital Fiscal Year GRAND TOTAL Revenue Note Interfund Loan Lease Fire Ladder Truck Fire Pumper Fitness Equipment 2021-22 341,464.68 55,663.00 17,160.96 414,288.64 2022-23 341,464.68 55,663.00 17,160.96 414,288.64 2023-24 227,643.09 55,665.90 17,160.96 300,469.95 2024-25 - - 8,580.48 8,580.48 Total $ 910,572.45 $ 166,991.90 $ 60,063.36 $ 1,137,627.71 City of Fort Walton Beach, FL 27  CITY OF FORT WALTON BEACH, FL Summary of Estimated Financial Sources & Uses - All Funds Major Funds 1 GENERAL FUND UTILITIES FUND SANITATION FUND 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22 Actual Budget Budget Actual Budget Budget Actual Budget Budget Financial Sources Ad Valorem Taxes 6,573,751 6,411,016 6,870,632 - - - - - - Other Taxes 5,515,139 6,877,607 7,502,598 - - - - - - Licenses and Permits 2,890,273 3,202,781 3,219,306 56,523 - - 14,154 12,000 13,000 Intergovernmental Revenue 8,629,648 3,352,257 3,474,999 - - - - - - Charges for Services 2,757,190 2,943,811 3,145,442 11,336,474 11,528,532 11,619,894 3,934,207 4,034,133 4,466,098 Fines and Forfeitures 81,073 81,148 68,027 - - - - - - Interest & Other Revenues 1,132,547 1,864,379 727,501 510,613 90,551 48,000 125,312 213,425 3,125 Other Financing Sources 74,135 - 387,528 - - - - - - 27,653,755 24,732,999 25,396,033 11,903,610 11,619,083 11,667,894 4,073,674 4,259,558 4,482,223 Appropriation from Reserves - 1,006,684 1,298,209 - - 1,915,519 - 378,127 31,473 $ 27,653,755 $ 25,739,683 $ 26,694,242 $ 11,903,610 $ 11,619,083 $ 13,583,413 $ 4,073,674 $ 4,637,685