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

- - - - - - Licenses and Permits 3,219,306 3,256,178 2,502,044 - - - 13,000 26,000 32,000 Intergovernmental Revenue 3,474,999 4,628,740 4,917,176 - 900,000 - - - - Charges for Services 3,145,442 3,338,327 3,764,816 11,619,894 11,709,115 12,021,296 4,466,098 4,577,644 5,069,660 Fines and Forfeitures 68,027 64,463 95,000 - - - - - - Interest & Other Revenues 727,501 693,290 595,409 48,000 36,050 36,357 3,125 2,425 2,400 Other Financing Sources 387,528 2,361,931 - - - - - - - 25,396,033 29,789,974 28,194,019 11,667,894 12,645,165 12,057,653 4,482,223 4,606,069 5,104,060 Appropriation from Reserves 1,298,209 - 3,409,993 1,915,519 2,346,012 1,507,196 31,473 140,882 - $ 26,694,242 $ 29,789,974 $ 31,604,012 $ 13,583,413 $ 14,991,176 $ 13,564,849 $ 4,513,696 $ 4,746,951 $ 5,104,060 Interfund Transfers In 1,003,054 1,090,895 1,141,850 - - - - Total Financial Sources $ 27,697,297 $ 30,880,869 $ 32,745,862 $ 13,583,413 $ 14,991,176 $ 13,564,849 $ 4,513,696 $ 4,746,951 $ 5,104,060 Financial Uses General Government 3,877,353 4,950,823 6,659,803 - - - - - - Public Safety 12,984,897 14,274,099 15,320,152 - - - - - - Physical Environment 792,732 418,557 431,691 8,307,369 8,649,349 9,138,300 3,880,819 3,969,062 4,591,556 Transportation 862,200 605,524 685,661 - - - - - - Economic Environment - - - - - - - - - Culture & Recreation 4,893,518 5,518,092 5,627,155 - - - - - - Capital Outlay/Improvements 2,280,155 2,388,450 2,082,928 2,323,900 3,380,033 1,425,000 240,000 372,221 - Debt Service 1,685,497 2,361,931 1,571,289 2,142,667 2,142,943 2,157,095 85,000 85,000 85,000 Reclass of Capital for Depreciation - - - - - - - - - 27,376,352 30,517,476 32,378,679 12,773,936 14,172,325 12,720,395 4,205,819 4,426,283 4,676,556 Contingencies 285,928 324,993 330,185 115,099 115,099 120,636 45,321 45,321 51,041 Reserves - - - - - - - - 70,218 $ 27,662,280 $ 30,842,469 $ 32,708,864 $ 12,889,035 $ 14,287,424 $ 12,841,031 $ 4,251,140 $ 4,471,604 $ 4,797,815 Interfund Transfers Out 35,017 38,400 37,000 694,377 703,751 723,817 262,556 275,348 306,244 Total Financial Uses $ 27,697,297 $ 30,880,869 $ 32,745,862 $ 13,583,413 $ 14,991,176 $ 13,564,849 $ 4,513,696 $ 4,746,951 $ 5,104,060 Net Increase/(Decrease) in (121,231) - (3,409,993) (403,407) (2,346,012) (1,507,196) 167,470 140,882 - Fund Balance / Net Assets4 Fund Bal / Net Assets4 - Oct 1 27,375,609 27,254,378 27,254,378 22,063,475 21,660,068 19,314,056 3,553,534 3,721,004 3,861,886 4 Fund Bal / Net Assets - Sep 30 $ 27,254,378 $ 27,254,378 $ 23,844,385 $ 21,660,068 $ 19,314,056 $ 17,806,860 $ 3,721,004 $ 3,861,886 $ 3,861,886 Notes 1 Major funds each comprise at least 10% of the total appropriated budget 2 Other Governmental Funds - Law Enforcement Trust, Law Enforcement Training, Florida Building Code, CRA, CDBG, Debt Service, Beal Memorial 3 Other Enterprise Funds - Stormwater 4 Fund Balance / Net Assets amounts used are unrestricted, except CRA Fund which is committed to capital projects 29  Non-Major Funds OTHER GOVERNMENTAL 2 OTHER ENTERPRISE 3 Total All Funds 2021-22 2022-23 2023-24 2021-22 2022-23 2023-24 2021-22 2022-23 2023-24 % of Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget 1,417,976 1,510,607 1,555,341 - - - 8,288,608 8,949,362 9,112,360 16.2% - - - - - - 7,502,598 8,008,291 8,762,556 15.6% 503,615 624,152 756,695 - - - 3,735,921 3,906,330 3,290,739 5.8% 1,188,133 1,300,217 1,429,606 200,000 - - 4,863,132 6,828,957 6,346,782 11.3% - - - 1,027,413 1,034,769 1,034,654 20,258,847 20,659,855 21,890,426 38.9% 400 400 4,000 - - - 68,427 64,863 99,000 0.2% 3,209 1,603,209 1,100 500 500 500 782,335 2,335,474 635,766 1.1% - - - - - - 387,528 2,361,931 - 0.0% 3,113,333 5,038,585 3,746,742 1,227,914 1,035,270 1,035,155 45,887,397 53,115,063 50,137,629 156,850 9,864 - 498,335 60,784 68,910 3,900,386 2,557,542 4,986,099 8.9% $ 3,270,183 $ 5,048,449 $ 3,746,742 $ 1,726,249 $ 1,096,057 $ 1,104,068 $ 49,787,783 $ 55,672,605 $ 55,123,728 2,070,513 2,365,881 35,017 - - - 3,073,567 3,456,776 1,176,867 2.1% $ 5,340,696 $ 7,414,330 $ 3,781,759 $ 1,726,249 $ 1,096,057 $ 1,104,068 $ 52,861,350 $ 59,129,382 $ 56,300,597 - - - - - - 3,877,353 4,950,823 6,659,803 11.8% 636,775 637,325 848,333 - - - 13,621,672 14,911,424 16,168,485 28.7% 385,317 84,997 - 895,881 888,122 895,606 14,262,118 14,010,088 15,057,154 26.7% - - - - - 862,200 605,524 685,661 1.2% 1,258,453 2,844,768 1,362,984 - - - 1,258,453 2,844,768 1,362,984 2.4% - - - - - - 4,893,518 5,518,092 5,627,155 10.0% 488,100 514,000 374,889 600,900 - - 5,933,055 6,654,704 3,882,817 6.9% 1,685,496 2,281,182 - 136,000 136,000 136,000 5,734,660 7,007,056 3,949,384 7.0% - - - - - - - - - 0.0% 4,454,141 6,362,272 2,586,206 1,632,781 1,024,122 1,031,606 50,443,029 56,502,479 53,393,442 - - - 9,817 9,817 10,352 456,165 495,230 512,214 0.9% 886,556 1,052,056 1,195,554 - - - 886,556 1,052,056 1,265,772 2.2% $ 5,340,696 $ 7,414,328 $ 3,781,759 $ 1,642,599 $ 1,033,940 $ 1,041,959 $ 51,785,750 $ 58,049,765 $ 55,171,428 - - - 83,650 62,116 62,109 1,075,600 1,079,616 1,129,171 2.0% $ 5,340,696 $ 7,414,330 $ 3,781,759 $ 1,726,249 $ 1,096,057 $ 1,104,068 $ 52,861,350 $ 59,129,382 $ 56,300,597 665,275 9,864 - (240,221) (60,784) (68,910) - (1,505,486) (3,720,327) 9,349,664 10,014,939 10,024,803 4,601,663 4,361,442 4,300,658 66,943,945 67,011,831 64,755,781 $ 10,014,939 $ 10,024,803 $ 10,024,803 $ 4,361,442 $