Fort Walton Beach — Fiscal Year 2023-24 Adopted Budget — reading text

4.6116 mills. One mill equals $144.35 per $1,000 of taxable property value. Expenditure Highlights $35 Budget. $30 …… 2023-24 $ Change % Change Personal Services 22,036,061 1,111,946 5.3% $25 Operations & Maintenance 8,288,823 894,280 12.1% Capital Outlay/Imprvmt 2,082,928 (305,522) (12.8)% Millions $20 Debt Service 1,571,289 1,571,289 100% Interfund Transfers Out (1,233,239) 954,931 (43.6)% $15 Replenish Reserves 0 0 0.0% $32,745,862 4,226,924 14.8% $10 $5 $0 Actual Budget Budget Budget Budget 2019-20 2020-21 2021-22 2022-23 2023-24 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Debt Service Interfund Transfers x Operating expenses increased due to the increasing cost of utilities, as well as maintaining sustainable operations. x Debt Service is accounted for in each related department. x Pay and Class study was implemented in FY 23-24. 51  001 GENERAL FUND - REVENUES Actual Budget 2022-23 2023-24 % 2019-20 2020-21 2021-22 Adopted Adopted Change 6,518,096 6,608,861 7,025,572 7,438,755 0500-311-1000 Ad Valorem Taxes 7,557,019 1.59% $ 6,518,096 $ 6,608,861 $ 7,025,572 $ 7,438,755 Total Ad Valorem Taxes $ 7,557,019 1.59% 602,302 690,797 691,889 702,541 0500-312-4100 Local Option Fuel Tax 726,535 3.42% 272,915 291,616 306,603 295,699 0500-312-4200 Local Option Fuel Tax - 2nd 330,525 11.78% 2,016,085 2,433,848 2,633,017 2,288,715 1499-335-1800 Local Discretionary Sales SurTax 2,506,249 9.50% 217,473 223,280 236,729 223,280 0800-312-5200 Insurance Premium Tax - Police Pension 236,729 6.02% 209,722 235,435 256,006 235,435 0900-312-5100 Insurance Premium Tax - Fire Pension 256,006 8.74% $ 3,318,498 $ 3,874,976 $ 4,124,243 $ 3,745,669 Total Other Taxes $ 4,056,044 8.29% 2,342,442 2,400,596 2,597,584 2,439,005 0500-314-1000 Electric 2,754,452 12.93% 328,306 359,385 350,118 338,005 0500-314-3000 Water 342,213 1.24% 276,238 305,609 285,760 286,189 0500-314-4000 Gas 286,152 -0.01% 7,973 9,584 10,150 9,510 0500-314-8000 Propane 9,023 -5.12% $ 2,954,959 $ 3,075,173 $ 3,243,612 $ 3,072,709 Total Utility Taxes $ 3,391,840 10.39% 1,069,564 1,061,331 1,050,803 1,035,136 0500-315-1000 Communications Services Tax 1,154,312 11.51% $ 1,069,564 $ 1,061,331 $ 1,050,803 $ 1,035,136 Total Communications Services Tax $ 1,154,312 11.51% 188,204 167,959 149,169 154,775 0500-316-1000 Business Tax Receipts 160,358 3.61% $ 188,204 $ 167,959 $ 149,169 $ 154,775 Total Business Tax Receipts $ 160,358 3.61% $ 14,049,320 $ 14,788,299 $ 15,593,399 $ 15,447,045 TOTAL TAXES $ 16,319,573 5.65% 1,829,865 1,886,887 2,052,554 1,838,997 0500-323-1000 Electric 2,106,993 14.57% 216,596 241,106 279,217 230,142 0500-323-4000 Gas 305,952 32.94% 23,841 18,095 24,066 23,886 0500-323-7000 Solid Waste - Host Fee 24,136 1.05% $ 2,070,302 $ 2,146,088 $ 2,355,836 $ 2,093,025 Total Franchise Fees $ 2,437,081 16.44% 6,876 468 468 516 1240-325-1003 Stokes Avenue - -100.00% 761,048 1,131,138 1,193,544 1,123,927 0900-325-1310 Fire Assessment Fee - -100.00% $ 767,924 $ 1,131,606 $ 1,194,012 $ 1,124,443 Total Special Assessments $ - -100.00% 90 45 - 50 0800-329-4000 Taxi Permit/Bicycle License 50 0.00% 10,115 14,834 1,791 6,400 0900-329-2010 Fire Safety Plan Review 3,500 -45.31% 25,617 130,897 28,007 23,500 1205-329-1001 Zoning/Variances Fees 50,000 112.77% 16,024 18,684 6,238 8,500 1205-329-2000 Zoning Site Plan Review 11,063 30.15% 200 200 600 260 1205-329-9010 Licenses & Registrations - Golf Cart 350 34.62% $ 52,046 $ 164,660 $ 36,636 $ 38,710 Total Other Licenses & Permits $ 64,963 67.82% $ 2,890,273 $ 3,442,353 $ 3,586,484 $ 3,256,178 TOTAL LICENSES & PERMITS $ 2,502,044 -23.16% 32,632 33,889 26,779 27,000 0500-333-1000 Housing Authority 27,000 0.00% $ 32,632 $ 33,889 $ 26,779 $ 27,000 Total Federal Payments In Lieu of Taxes $ 27,000 0.00% - 252,317 166,094 - 1500-331-5017 Hurricane Sally - 0.00% - 222,492 154,760 109,865 1592/5-331-2050 Federal Grants - Police COPS Grant (FY23 Yr 3 of 3) - -100.00% 398,393 399,861 244,074 - 1593/4-331-2055 Fed Grants-Fire Safer Grant(FY22 Yr 3 of 3) & Asst FF - 0.00% 3,089,741 702,459 57,255 - 1500-331-1000 COVID-19 Cares Act - 0.00% - - 9,612 - 1500-331-2000 PD Mutual Aid - 0.00% $ 3,488,134 $ 1,324,813 $ 465,701 $ 109,865 Total Federal Grants $ - -100.00% 500 - - - 1597-334-4901 State Grants - 0.00% $ 500 $ - $ - $ - Total State Grants $ - 0.00% 870,764 1,001,457 1,266,139 1,014,357 0500-335-1221 Municipal Revenue Sharing 1,161,338 14.49% 11,124 8,857 10,533 10,508 0500-335-1400 Mobile Home Licenses 2,500 -76.21% 44,454 42,408 50,031 49,432 0500-335-1500 Alcoholic Beverage License 53,959 9.16% 2,048,977 2,605,199 2,769,546 2,366,273 0500-335-1800 Sales Tax 1/2 - 5th Cent 2,705,607 14.34% 7,720 9,482 11,950 8,600 0900-335-2100 Fire Supplemental Compensation 8,600 0.00% $ 2,983,039 $ 3,667,402 $ 4,108,199 $ 3,449,170 Total State Shared Revenues $ 3,932,004 14.00% 52 001-Revenues 9/27/2023 5:51 PM  001 GENERAL FUND - REVENUES Actual Budget 2022-23 2023-24 % 2019-20 2020-21 2021-22 Adopted Adopted Change 5,000 - 5,000 - 0310-366-1026 Local Grants