Fort Walton Beach — Fiscal Year 2020-21 Adopted_Budget — reading text

, $1,038,100 , 2.1% General Economic Interest & Other State Revenue Government , Environment , Revenues , $2,276,492 Sharing & Other $3,402,974 , 6.9% $1,294,617 , 2.6% , 4.6% Intergov't , $4,479,255 , 9.0% Transportation , Fines and $838,756 , 1.7% Forfeitures , $81,548 , 0.2% Recreation, Golf, Public Safety , Cemetery, Other Fees Physical $12,897,462 , 26.0% Stormwater Fees , , $2,943,811 , 5.9% Environment , $1,023,980 , 2.1% Water & Sewer Fees $13,607,045 , 27.4% Garbage Fees , , $11,528,533 , $4,034,133 , 8.1% 23.3% User Fees are the largest revenue source for the City Physical Environment includes water, sewer, at 39.4% and generate $19.5M. 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, $13.6M, or 27.4%. 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 $12.8M, or 26%, of expenses. largest revenue source at $7.83M, or 15.8%, of Recreation & Cultural Services totals $5.3M, or revenues. Property taxes fund essential services such 10.8%, of expenses and includes parks & recreation as police, fire, planning, & code enforcement. programs and facilities, senior activities, library, Other Taxes total $6.8M and are the third largest museums, and golf courses. revenue source at 13.9%. 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 2020-21 FY 2019-20 $ Variance % Variance General Fund 26,802,966 26,730,208 72,758 0.27% Law Enf. Trust Fund 12,173 7,309 4,864 66.55% Law Enf. Training 500 4,097 (3,597) (87.8)% FBC Fund 474,211 357,560 116,651 32.62% CDBG Fund 234,807 151,789 83,018 54.69% CRA Fund 3,585,259 2,216,134 1,369,125 61.78% Debt Service Fund 1,076,579 1,104,543 (27,964) (2.53)% Utilities Fund 11,619,083 11,264,818 354,265 3.14% Sanitation Fund 4,637,685 4,316,172 321,513 7.45% Stormwater Fund 1,040,981 1,013,608 27,373 2.70% Beal Memorial Fund 91,422 65,422 26,000 39.74% GRAND TOTAL $49,575,666 $47,231,660 $2,344,006 4.96% City of Fort Walton Beach, FL 30 Executive Budget Summary Operating Budget Capital Budget $44,369,274 $5,206,392 $16 $3,000 $14 $2,500 $12 $2,000 $10 Millions Thousands $8 $1,500 $6 $1,000 $4 $500 $2 $0 $0 Highlights for the upcoming year include: General Government is comprised of the City IT Replacements – 46 computers, 15 laptops, 2 Council, City Manager, IT, Human servers, 6 tablets. Resources, City Clerk, Finance, Purchasing, Development Services, Fleet, and Vehicle Replacements – 3 police patrol vehicles, 6 Facilities. These groups shape overall City policy trucks, 1 frontloader and/or provide guidance and assistance to other Facility Repairs – Recreation: resurface gym floor, departments and the public. Auditorium motorized curtain replacement, City Public Safety includes Police, Fire, Code Hall Structural Beam Reinforcement, Parking Lot Enforcement, and Building Permitting & Striping, City Hall Annex carpet replacement. Inspections. These groups monitor the Street Resurfacing/Restriping – Resurfacing: safety and welfare of City Robinwood Drive NW from Hollywood Blvd SW to property owners. Holmes Blvd NW. Hudson Drive NW from Fliva Physical Environment includes the production and Ave NW to Sotir Street NW. Temple Ave SW from distribution of drinking water, collection and Hollywood Blvd SW to Coral Drive SW. treatment of wastewater, collection of Sewer Grouting & Lining – Locations based upon residential and commercial garbage, video reports, maintenance, and flow monitoring recycling, management of stormwater and environmental issues, and cemetery operations. Storm Drainage Improvement – Identified in the five-year schedule listed in the Stormwater Master Transportation includes right-of-way, engineering, Plan and streets. 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 35.5% of a citizen’s tax bill. One mill equals $1 per $1,000 of taxable property value. Over 12% 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 $2,180,844 $6,877,608 $4,445,535 $81,548 Ad Valorem Taxes Licenses & Permits Charges for Services Interest & Other Fund Balance / Net Assets $8,325,623 $3,686,992 $19,530,457 $2,216,264 $2,230,795 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 2020-21 Budget 2019-20 Actual 2018-19 Actual 2017-18 Actual 2016-17 $0 $5 $10 $15 $20 $25 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 2020-21 Budget 2019-20