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

- - - - - TBD Landing Park Improvement 1,405,301 1,100,000 - - - 2,505,301 5052 Beal Memorial Cemetery New Plots 40,000 150,000 - - - 190,000 Recreation 1,445,301 1,250,000 - - - 2,695,301 TBD Fire Station 6 Renovation - - - - - - TBD Commerce Technology Park - - - - - - Facilities - - - - - - TBD Intersection & Pedestrian Improvements - - - - - - 5306 Sidewalk Improvements 25,000 25,000 25,000 25,000 25,000 125,000 TBD Street Resurfacing - - - - - - TBD Hollywood Blvd Reconfiguration - - - - - - Streets 25,000 25,000 25,000 25,000 25,000 125,000 GENERAL FUND TOTAL 1,470,301 1,275,000 25,000 25,000 25,000 2,820,301 5056 Water Line Replacement/Multiple Sites 55,500 55,500 55,500 55,500 55,500 277,500 5367 Water Meter Replacements 250,000 750,000 500,000 500,000 500,000 2,500,000 Water Distribution 305,500 805,500 555,500 555,500 555,500 2,777,500 5032 Sewer System Grouting & Lining 30,000 30,000 30,000 30,000 30,000 150,000 Sewer Collection & Treatment 30,000 30,000 30,000 30,000 30,000 150,000 UTILITIES FUND TOTAL 335,500 835,500 585,500 585,500 585,500 2,927,500 5019 Stormwater Improvements 25,000 25,000 - - - 50,000 STORMWATER FUND TOTAL 25,000 25,000 - - - 50,000 GRAND TOTAL - ALL FUNDS 1,830,801 2,135,500 610,500 610,500 610,500 5,797,801 Where it comes from... ...And where it goes General Fund Revenues Half Cent Sales Tax Parks & Recreation Stormwater Revenues Debt Issuance Facilities Stormwater Utilities Revenues Grant Funding Streets Water & Sewer Fund Balance/Net Assets General Gov't 184 183  FUNDING METHODOLOGY FY 2020-21 TIMELINE Operating & FUTURE 1/2 Cent Sales Bond / Debt Other(1) / Fund Bal / FIVE YEAR Estimated Project YEAR Tax Revenues Grant Issue In-Kind(2) Net Assets TOTAL Start Duration EXPENSES 150,000 Oct 2020 36 months - 2,700,000 - - - 2,700,000 Oct 2020 24 months - - - - - - - Oct 2020 36 months - 150,000 2,700,000 - - - 2,850,000 - 25,000 - - - - 25,000 Oct 2020 18 months - 231,000 - - - - 231,000 Oct 2020 36 months 256,000 - - - - 256,000 - 150,000 - - - - 150,000 Oct 2020 12 months - - - - - - - Oct 2020 12 months - 200,000 - - - - 200,000 Oct 2020 12 months - 75,000 - - - - 75,000 Oct 2020 12 months - 425,000 - - - - 425,000 - 831,000 2,700,000 - - - 3,531,000 - - - - - - - Oct 2020 12 months - - - - - - - Oct 2020 36 months - - - - - - - - - - - - - Oct 2020 12 months - - - - - - - - - - - - - - - - - - - - - Oct 2020 12 months - - - - - - - - 831,000 2,700,000 - - - 3,531,000 - 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. 185 184 City of Fort Walton Beach, Florida FY 2021 - 2025 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: City of Fort Walton Beach Landing Responsible Department: Recreation & Cultural Services Neighborhood/Loc East Miracle Strip Responsible Division: Parks Project Manager: Jeff Peters Project Category: Park Facilities Project Type: Multi-Year Project Number: Estimated Useful Life (years): 25 Criteria Type: Expanded Service Projected Date of Completion: 09/30/20 Project Description/Justification: The Landing renovation includes an entire Park renovation including new boardwalks, stage reconstruction, park slope grading, palyground equipment and Splash Pad, shade structures, parking lot renovation, and on street parking restructure. Park enhancement will open up park for FY 2021 Stage, Boardwalk FY 2022 Grading,Splash pad, Parking, Playground FY 2023 FY 2024 FY 2025 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2021 2022 2023 2024 2025 Total Project Cost Improvements 1,405,301 1,100,000 - - - 2,505,301 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 1,405,301 1,100,000 - - - 2,505,301 2,505,301 Expenses From Prior Year(s): $0 Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2021 2022 2023 2024 2025 Total Revenue City Funding - - - - - - Grant Funding 1,405,301 1,100,000 - - - 2,505,301 Debt Financing - - - - - - Other Outside Funding - - - - - - Revenue Enhancements - - - - - - Total Revenue Funding: 1,405,301 1,100,000 - - - 2,505,301 2,505,301 Strategy #3: Support Intelligent Growth 186 185 City of Fort Walton Beach, Florida