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

4,300,658 $ 4,231,748 $ 66,943,945 $ 65,506,345 $ 61,035,454 30  Executive Budget Summary Where the Money Comes From … … And Where the Money Goes Budgeted Revenues: $56,300,597 Budgeted Expenditures: $56,300,597 Ad Valorem Taxes , Capital Outlay/ Debt Service , $9,112,360 , 16.2% Other Taxes , Improvement , $3,949,384 , 7.0% Contingencies , $8,762,556 , 15.6% Culture & $3,982,817 , 7.1% $512,214 , 0.9% Reserves , Recreation , $4,986,099 , 8.9% Reserves , $5,627,154 , 10.0% $1,265,771 , 2.2% Licenses & Permits , Economic Interfund Transfers , $3,290,739 , 5.8% Environment , Interfund Transfers $1,176,866 , 2.1% $1,362,984 , 2.4% , $1,129,171 , 2.0% Interest & Other Transportation , General Revenues , $635,766 , State Revenue $685,661 , 1.2% Government , 1.1% Sharing & Other $6,559,803 , 11.7% Intergov't , Fines and Forfeitures $6,346,782 , 11.3% , $99,000 , 0.2% Physical Environment , $15,057,153 , 26.7% Stormwater Fees , $1,034,654 , 1.8% Recreation, Golf, Water & Sewer Fees Cemetery, Other Fees Public Safety , Garbage Fees , , $12,021,298 , , $3,764,817 , 6.7% $16,168,485 , 28.7% $5,069,660 , 9.0% 21.4% User Fees are the largest revenue source for the City Public Safety includes police, fire, code at 38.6% and generate $21.8M. Unlike taxes, these enforcement, and building inspections, comprising charges are directly related to the service received the largest expense to the City at $16.1M, or 28.7%. and are collected for recreation & golf activities, Physical Environment includes water, sewer, water & sewer services, garbage collection, and garbage, stormwater, and cemetery operations and stormwater. totals $15.0M, or 26.7%, of expenses. Ad Valorem (Property) Taxes are the City’s second Recreation & Cultural Services totals $5.6M, or largest revenue source at $9.1M, or 16.2%, of 10.0%, of expenses and includes parks & recreation revenues. Property taxes fund essential services such programs and facilities, senior activities, library, as police, fire, planning, & code enforcement. museums, and golf courses. Other Taxes total $8.7M and are the third largest revenue source at 15.6%. This category includes local option gas tax, ½ cent sales tax, utility taxes, communication services tax, business tax receipts, insurance premium tax for police and fire pensions, and other state shared revenues. BUDGET SUMMARY FY 2023-24 FY 2022-23 $ Variance % Variance General Fund 32,745,862 30,867,681 1,864,993 6.32% Law Enf. Trust Fund 300 12,173 (11,873) (97.54)% Law Enf. Training 4,000 500 3,500 700.00% FBC Fund 757,195 624,652 132,542 21.22% CDBG Fund 137,603 142,827 (5,224) (3.66)% CRA Fund 2,847,343 4,281,185 (1,433,841) (33.49)% Debt Service Fund 0 2,281,182 (2,281,182) (100.00)% Utilities Fund 13,564,849 14,991,177 (1,426,328) (9.51)% Sanitation Fund 5,104,060 4,746,951 357,109 7.52% Stormwater Fund 1,104,068 1,096,057 8,011 (36.51)% Beal Memorial Fund 35,317 84,997 (49,680) .73% GRAND TOTAL $56,300,597 $59,129,382 $(2,828,785) (4.78)% City of Fort Walton Beach, FL 31 Executive Budget Summary Operating Budget Capital Budget $52,417,783 $3,882,814 $18 $1,800 $16 $1,600 $14 $1,400 $12 $1,200 $10 $1,000 Millions Thousands $8 $800 $6 $600 $4 $400 $2 $200 $0 $0 General Government is comprised of the City Highlights for the upcoming year include: Council, City Manager, IT, Human Resources, City Clerk, Finance, IT Replacements –Per 5 yr replacement schedule. Purchasing, Development Services, Fleet, and Facility Repairs – Recreation: resurface gym floor, Facilities. These groups shape overall City policy replace/clean carpet City Hall, Roof repair – City and/or provide guidance and assistance to other Hall / Annex / Auditorium, Replace flourescent departments and the public. lighting to LED @ City Hall, City Hall Switch Gear Public Safety includes Police, Fire, Code replacement. Enforcement, and Building Permitting & Street Resurfacing/Restriping – Resurfacing: Inspections. These groups monitor the Hudson Drive NW from Fliva Avenue NW to safety and welfare of City Moriarty Street NW; Coral Drive SW from property owners. Robinwood Drive SW to Memorial Pkwy SW; Sotir Physical Environment includes the production and Street NW from Memorial Pkwy NW to Bayou distribution of drinking water, collection and Woods Drive NW; and Mooney Road NE pickleball treatment of wastewater, collection of parking lot. residential and commercial garbage, Sewer Grouting & Lining – Locations based upon recycling, management of stormwater and video reports, maintenance, and flow monitoring. environmental issues, and cemetery operations. Storm Drainage Improvement – Identified in the Transportation includes right-of-way, engineering, five-year schedule listed in the Stormwater Master and streets. Plan; Martisa Road Stormwater Replacement. Economic Environment includes the CDBG program for low-moderate income families and the CRA program to revitalize blighted areas. Recreation activities include neighborhood and facility parks, a tennis center, a library, a museum complex, a recreation complex, and two 18-hole golf courses. City of Fort Walton Beach, FL 32 Executive Budget Summary Did You Know? . . . The City of Fort