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

- 1940-554-5254 Youthbuild & Community Development - 0.00% 1940-554-5269 Boys & Girls Club of the Emerald Coast 5,000 100.00% 32,993 5,645 42,116 - 1940-554-5255 One Hopeful Place Community Development - 0.00% 4,517 7,600 - - 1940-554-5258 S4P Synergy Inc - 0.00% - - - 9,250 1940-554-5265 90Works Project90 5,000 -45.95% - - - 9,518 1940-554-5266 Bridgeway Center, Inc. - -100.00% $ 111,777 $ 27,863 $ 60,195 $ 60,538 Total Operating Expenditures $ 142,309 135.07% Public Facilities 50,000 - 19,957 - 1950-554-5253 Okaloosa Comprehensive Head Start - 0.00% - - 17,025 - 1950-554-5255 OK Coalition on Homeless One Hopeful Place 30,450 100.00% - 4,000 - - 1950-554-5263 Bountiful Blessings Food Pantry - 0.00% - 15,935 13,543 1950-554-5262 HHA Inclement Weather Shelter - 0.00% - - - 33,000 1950-554-5267 HSU Educational Foundation 34,300 3.94% 45,723 1,209 - - 1950-554-5259 Eleanor Johnson Restroom - 0.00% 7,505 - - - 1950-554-5260 Peace Outreach Feeding Pantry - 0.00% 12,000 - - - 1950-554-5261 Gegg Chapel Basketball Court - 0.00% - - - 30,663 1950-554-5268 FWB Senior Pickleball Court - -100.00% 115,228 21,144 50,525 63,663 Total Capital Improvements 64,750 1.71% $ 241,126 $ 72,968 $ 138,343 $ 151,789 TOTAL FUND EXPENSES $ 234,807 54.69% $ 5,060 $ (12,382) $ (3,030) $ - NET REVENUE / (EXPENSE) $ - 0.00% 107 - CDBG 8/30/2020 7:46 PM 122 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) Share of City Budget $234,807, 0.5% DESCRIPTION The Community Development Block Grant provides Federal funding for housing and community development needs for low and moderate income areas. MISSION Administer the Community Development Block Grant (CDBG) program in accordance with all Federal regulations. Actual YTD thru 06/30 Budget CURRENT GOALS, OBJECTIVES, & METRICS (FY21) 2016-17 2017-18 2018-19 2019-20 2019-20 2020-21 Eliminate Influences of Blight in Target Areas Nuisances Abated in Target Area 0 1 2 3 1 1 Improve Safety and Livability of Neighborhoods Capital Improvements Completed in Target Area 0 0 3 0 1 0 Provide Access to Quality Public and Private Services Summer Youth Program 0 0 4 0 5 5 After School Program Participants 0 10 0 0 0 0 Disburse Grant Funds in Timely Fashion Grant Funds Spent in Same Year Awarded 100% 90% 90% annual 100% 100% FUTURE GOALS (FY22 & FY23)  Spend all grant funds in same year awarded.  Increase access to quality public facilities and neighborhood livability by completing five sewer lateral replacement projects.  Restore Summer Youth Program participation. PRIOR YEAR ACCOMPLISHMENTS (FY20)  Eliminate blighted conditions on target areas by completing three nuisance abatement projects 123  Community Redevelopment Agency Fund The Community Redevelopment Agency (CRA) Fund encompasses 7.23% of the City’s activities and services and accounts for funding derived from City of Fort Walton Beach and Okaloosa County Tax Increment Funding (TIF) – proceeds from increases in the taxable assessed value of the CRA District. The original CRA area was formed in 1980, with that being the base year for the purpose of determining the growth in assessed taxable value. In 2019, the CRA area was expanded to include an additional area. The TIF is determined by the growth in the assessed value of taxable property located in the CRA district from the base year to the current tax year and is multiplied by the current tax rate for the City and County. Expenditures in the CRA area target eliminating blight in residential and commercial areas. Revenue Highlights $4,000,000 Budget. $3,500,000 2020-21 …… $ Change % Change $3,000,000 Ad Valorem Taxes 1,350,992 -1,984 -0.1% $2,500,000 Intergov’t Revenue 971,117 140,416 16.9% $2,000,000 Interest & Other 0 -32,457 -100.0% $1,500,000 Approp. from Reserves 1,263,150 1,263,150 100.0% $1,000,000 $3,585,259 1,369,125 61.8% $500,000 $0 Actual Actual Actual Budget Budget 2016-17 2017-18 2018-19 2019-20 2020-21 Ad Valorem Taxes Intergov't Revenue Interest & Other Interfund Transfers Appropriations  The budget is predicated on the rolled-back 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 ……2020-21 $ Change % Change Personal Services 538,234 111,828 26.2% $1,500,000 Operations & Maintenance 404,236 18,077 4.7% Replenish Reserves 960,398 0 0.0% $1,000,000 Interfund Transfer 182,090 3,919 2.2% $500,000 Capital Outlay/Imprvmt 1,500,301 1,235,301 466.2% 0 $3,585,259 1,369,125 61.8% $0 Actual Actual Actual Budget Budget 2016-17 2017-18 2018-19 2019-20 2020-21 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Interfund Transfers Replenish Reserves  The increase in personal services is due to pay and classification changes related to internal equity and compression, as well as an increase is the City covered portion of employee insurance.  The increase in capital outlay is due to newly planned projects, specifically full renovation of the Landing. 124  109 COMMUNITY REDEVELOPMENT AGENCY FUND Actual Budget 2019-20 2020-21 % 2016-17 2017-18 2018-19 Adopted Adopted Change 802,377 837,841 865,478 983,485 2000-311-1000 Ad Valorem Taxes - City Original TIF 973,811 -0.98% 234,074 252,373 274,323 369,491 2000-311-1100 Ad Valorem Taxes - City Expanded TIF 377,181 2.08%