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

2013 Revenue Note -Municipal Facilities Library- yr 8 of 18 2013 Revenue Note -Municipal Facilities General- yr 8 of 18 2013A Bank Loan -Recreation Complex- yr 8 of 15 2013A Bank Loan -Fairway Sweep/Vac- yr 8 of 10 2013A Bank Loan -Bucket Truck- yr 8 of 10 2015 Interfund Loan -Fire Pumper- yr 8 of 10 2018 Rev Note - Field Offc Complex-yr 2 of 19 308,472 290,040 542,357 294,309 2100-517-7200 Interest Expense 276,932 -5.90% 2011 Cap Imp Rev Note -Ladder Truck- yr 10 of 10 2013 Revenue Note -Municipal Facilities Police- yr 8 of 18 2013 Revenue Note -Municipal Facilities Fire- yr 8 of 18 2013 Revenue Note -Municipal Facilities Library- yr 8 of 18 2013 Revenue Note -Municipal Facilities General- yr 8 of 18 2013A Bank Loan -Recreation Complex- yr 8 of 15 2013A Bank Loan -Fairway Sweep/Vac- yr 8 of 10 2013A Bank Loan -Bucket Truck- yr 8 of 10 2015 Interfund Loan -Fire Pumper- yr 8 of 10 2018 Rev Note - Field Offc Complex-yr 2 of 19 $ 990,703 $ 1,008,360 $ 1,260,466 $ 1,104,543 Total Debt Service $ 1,076,579 -2.53% $ 990,703 $ 1,008,360 $ 1,260,466 $ 1,104,543 TOTAL FUND EXPENSES $ 1,076,579 -2.53% $ (302,096) $ (21,130) $ (274,389) $ - NET REVENUE / (EXPENSE) $ - 0.00% 201-Debt 8/30/2020 8:03 PM 129  Beal Memorial Cemetery Fund The Beal Memorial Cemetery Perpetual Care Fund encompasses 0.18% of the City’s activities and services and accounts for a portion of revenues from lot, crypt, and niche sales that are being reserved for perpetual care. Cemetery operations are currently funded in the General Fund, but interest earnings on the reserves will be used for maintaining the cemetery once all spaces have been sold. Revenue Highlights $350,000 Budget. $300,000 …… 2020-21 $ Change % Change Interest & Other 26,500 0 0.0% $250,000 Interfund Transfers In 64,922 26,000 66.8% $200,000 $91,422 26,000 39.7% $150,000 $100,000 $50,000 $0 Actual Actual Actual Budget Budget 2016-17 2017-18 2018-19 2019-20 2020-21 Interest & Other Interfund Transfers  Transfers In reflects the transfer of 20% of cemetery lot sales from the General Fund to fund perpetual care, as established by Ordinance 526. Expenditure Highlights $100,000 $90,000 Budget. $80,000 2020-21 …… $ Change % Change $70,000 Operations & Maintenance 12,200 0 0% $60,000 Interfund Transfers 60,000 26,000 76.5% $50,000 Replenish Reserves 19,222 0 0.0% $40,000 $91,422 26,000 39.7% $30,000 $20,000 $10,000 $0 Actual Actual Actual Budget Budget 2016-17 2017-18 2018-19 2019-20 2020-21 Operations & Maintenance Interfund Transfers Replenish Reserves  Operations & maintenance includes the annual investment portfolio management fee.  The increase in interfund transfers is a result of adding plots to Hope Section. 130  602 BEAL MEMORIAL CEMETERY CARE FUND Actual Budget 2019-20 2020-21 % 2016-17 2017-18 2018-19 Adopted Adopted Change 54 578 284 26,500 1500-361-1000 Interest Income 26,500 0.00% 57,341 66,111 70,576 - 1500-361-2000 Dividend Income - 0.00% 194,486 89,338 (337,562) - 1500-361-3000 Unrealized Gain/(Loss) - 0.00% 31,737 57,503 396,378 - 1500-361-4000 Realized Gain/(Loss) - 0.00% $ 283,618 $ 213,529 $ 129,676 $ 26,500 Total Interest Income $ 26,500 0.00% $ 283,618 $ 213,529 $ 129,676 $ 26,500 TOTAL INTEREST & OTHER REVENUES $ 26,500 0.00% 21,760 34,031 32,070 38,922 2200-381-0100 Transfer from General Fund 40,983 5.30% $ 21,760 $ 34,031 $ 32,070 $ 38,922 Total Interfund Transfers $ 40,983 5.30% - - - - 1600-389-9100 Appropriation from Fund Balance 23,939 100.00% $ - $ - $ - $ - Total Non-Operating Sources $ 23,939 0.00% $ 21,760 $ 34,031 $ 32,070 $ 38,922 TOTAL TRANSFERS IN $ 64,922 66.80% $ 305,378 $ 247,560 $ 161,747 $ 65,422 TOTAL FUND REVENUES $ 91,422 39.74% Operating Expenditures: 13,122 13,376 15,168 12,200 2200-539-3100 Professional Services 12,200 0.00% $ 13,122 $ 13,376 $ 15,168 $ 12,200 Total Operating Expenditures $ 12,200 0.00% Other Financing Activity: 20,217 - - 34,000 1600-581-9102 Transfer to General Fund 60,000 76.47% - - - 19,222 1600-581-9920 Reserve for Future Cemetery Perpetual Care 19,222 0.00% $ 20,217 $ - $ - $ 53,222 Total Other Financing Activity $ 79,222 48.85% $ 33,339 $ 13,376 $ 15,168 $ 65,422 TOTAL FUND EXPENSES $ 91,422 39.74% $ 272,039 $ 234,184 $ 146,579 $ - NET REVENUE / (EXPENSE) $ 0 0.00% 295.58 299.53 301.15 310.52 Number of Funded Employees (FTE's) 312.64 0.68% 38,628,510 41,571,702 41,714,146 47,231,660 CITYWIDE REVENUES 49,575,666 4.96% 38,628,510 41,571,702 41,714,146 47,231,660 CITYWIDE EXPENSES 49,575,666 4.96% $ - $ - $ - $ - NET CITYWIDE REVENUE / (EXPENSE) $ 0 0.00% 602-Beal 8/30/2020 10:08 PM 131  Utilities Fund The Utilities Fund encompasses 23.44% of the City’s activities and services and accounts for water production and distribution and sewer collection and treatment. These activities are financed and operate in a manner similar to a private business – where the intent is that the cost (expenses, including depreciation) of providing the services to the public on a continuing basis be financed and recovered through user charges.