Okaloosa County BOCC — March 18, 2014 — FY13 Year End TDT expenses — reading text

3.a.2 Okaloosa Co. TDC Budget Allocations Attachment: Pennies Pie Chart from TDD Website (2192 : Tax Receipt, STR and Expenditures Reports) 1st Penny 3rd Penny Beach, park Convention Center and improvements & other facility operations maintenance, shoreline protection, restoration improvements 2nd Penny 4th Penny Beach, waterway & Debt service for tourist destination construction, facilities improvements; reconstruction or lifeguard services; renovation convention administration center and future improvements 5th Penny Tourism Promotion Packet Pg. 25  3.a.3 Attachment: 4th Quarter Expenses - Summary (2192 : Tax Receipt, STR and Expenditures Reports) BUDGET SPENT % SPENT AVAIL Special Assessment Fund $6,644,635 $6,596,059 99.3% $48,576 1st Penny - Tourist $8,715,870 $1,305,738 15.0% $7,410,132 Development Tax Packet Pg. 26  3.a.3 Attachment: 4th Quarter Expenses - Summary (2192 : Tax Receipt, STR and Expenditures Reports) BUDGET SPENT % SPENT AVAIL 2nd Penny -Tourist Development Tax 30% Administration $1,966,764 $854,373 43.4% $1,112,391 70% Beach, Waterways, $2,621,679 $1,164,494 44.4% $1,457,314 etc. TOTAL 2ND PENNY $4,588,443 $2,018,867 44.0% $2,569,706 Packet Pg. 27  3.a.3 Attachment: 4th Quarter Expenses - Summary (2192 : Tax Receipt, STR and Expenditures Reports) BUDGET SPENT % SPENT AVAIL 3rd Penny – Tourist $5,704,750 $2,901,021 50.9% $2,803,729 Development Tax 4th Penny – Tourist $5,681,875 $1,613,468 28.4% $4,068,407 Development Tax Packet Pg. 28  3.a.3 Attachment: 4th Quarter Expenses - Summary (2192 : Tax Receipt, STR and Expenditures Reports) BUDGET SPENT % SPENT AVAIL 5th Penny – Tourist $5,114,730 $2,070,421 40.5% $3,044,309 Development Tax Packet Pg. 29  TDD FUND 104 REVENUE FYE13 FISCAL YEAR END 9/30/2013 as of 10/4/2013 Cent Dept Title Account Account Title Budget Revenue Balance % GR 71071R FDEP FWB RESTORATION (O) 334700 CULTURE/RECREATION 550,000 30,486 516,127 5.5% GR 71071R FDEP FWB RESTORATION (O) 389920 CASH MATCH (NON‐PROPRI) 550,000 ‐ 550,000 0.0% GR 711242R FDOT URBAN CORR 12 (O) 334420 MASS TRANSIT 413,560 194,680 218,880 47.1% GR 71971R FDEP DUNE RESTORATION (O) 334700 CULTURE/RECREATION ‐ ‐ ‐ ‐ GRANTS Total 1,513,560 225,166 1,285,007 14.9% SA 1176R SPECIAL ASSESSMENT 325213 BEACH RESTORE ASSESSMENT 390,473 361,478 28,995 92.6% SA 1176R SPECIAL ASSESSMENT 361101 INTEREST ON TIME DEPOSITS 18,600 476 18,124 2.6% SA 1176R SPECIAL ASSESSMENT 384105 WEST DESTIN BEACH NOTE 5,000,000 5,000,000 ‐ 100.0% SA 1176R SPECIAL ASSESSMENT 389901 BALANCES‐CASH 1,235,562 ‐ 1,235,562 0.0% SPECIAL ASSESMENT Total 6,644,635 5,361,953 1,282,682 80.7% 1ST 1175R 1ST TDT‐BEACHES & PARKS 312134 TOURIST DEV TAX‐1ST CENT 2,100,000 2,482,249 (382,249) 118.2% 1ST 1175R 1ST TDT‐BEACHES & PARKS 325213 BEACH RESTORE ASSESSMENT ‐ ‐ ‐ ‐ 1ST 1175R 1ST TDT‐BEACHES & PARKS 361101 INTEREST ON TIME DEPOSITS 109,400 ‐ 109,400 0.0% 1ST 1175R 1ST TDT‐BEACHES & PARKS 384105 WEST DESTIN BEACH NOTE ‐ ‐ ‐ ‐ 1ST 1175R 1ST TDT‐BEACHES & PARKS 389901 BALANCES‐CASH 6,506,470 ‐ 6,506,470 0.0% 1ST Total 8,715,870 2,482,249 6,233,621 28.5% 2ND 1152R 2ND TDT‐FAC/O& M/ADMIN 312144 TOURIST DEV TAX‐2ND CENT 2,100,000 2,482,249 (382,249) 118.2% 2ND 1152R 2ND TDT‐FAC/O& M/ADMIN 361101 INTEREST ON TIME DEPOSITS 36,000 ‐ 36,000 0.0% 2ND 1152R 2ND TDT‐FAC/O& M/ADMIN 389901 BALANCES‐CASH 2,452,443 ‐ 2,452,443 0.0% 2ND Total 4,588,443 2,482,249 2,106,194 54.1% 5TH 1151R 5TH TDT‐TOURISM PROMOTION 312145 TOURIST DEV TAX‐5TH CENT 2,100,000 2,482,249 (382,249) 118.2% 5TH 1151R 5TH TDT‐TOURISM PROMOTION 361101 INTEREST ON TIME DEPOSITS 36,000 ‐ 36,000 0.0% 5TH 1151R 5TH TDT‐TOURISM PROMOTION 364100 EQUIPMENT PROCEEDS 471,287 489,563 (18,276) 103.9% 5TH 1151R 5TH TDT‐TOURISM PROMOTION 369901 REIMBURSEMENT‐ADVERTISING 55,000 76,094 (21,094) 138.4% 5TH 1151R 5TH TDT‐TOURISM PROMOTION 369990 OTHER MISC REVENUE ‐ ‐ ‐ ‐ 5TH 1151R 5TH TDT‐TOURISM PROMOTION 389901 BALANCES‐CASH 2,452,443 ‐ 2,452,443 0.0% 5TH Total 5,114,730 3,047,906 2,066,824 59.6% Packet Pg. 30 Fund Total 26,577,238 13,599,523 12,974,328 51.2% 3.a.4 Attachment: 4th Quarter Expenses for BoCC - Detail (2192 : Tax Receipt, STR and Expenditures Reports)  TDD FUND 104 EXPENSE FYE13 FISCAL YEAR END 9/30/2013 as of 10/4/2013 Cent Dept Dept Title Account Account Title Budget Spent %Spent Balance GR 71071 FDEP FWB RESTORATION (O) 531100 PS‐CONSULTANT 700,000 34,787 5.0% 665,213 GR 71071 FDEP FWB RESTORATION (O) 534900 CS‐OTHER 400,000 238,080 59.5% 161,920 71071 Total 1,100,000 272,867 24.8% 827,133 GR 711242 FDOT URBAN CORR 12 (O) 534410 CS‐O.C.T. 412,260 273,978 66.5% 138,282 GR 711242 FDOT URBAN CORR 12 (O) 547002 PRINTING & BINDING 1,300 889 68.4% 411 711242 Total 413,560 274,867 66.5% 138,693 GRANT Total 1,513,560 547,734 36.2% 965,826 SA 1176 SPECIAL ASSESSMENT 549004 COMMISSIONS‐PROP APPRAISE 10,000 13,242 132.4% (3,242) SA 1176 SPECIAL ASSESSMENT 549121 TAX REFUNDS 107,600 106,418 98.9% 1,182 SA 1176 SPECIAL ASSESSMENT 549904 JOB LISTING EXPENSES ‐ ‐ ‐ ‐ SA 1176 SPECIAL ASSESSMENT 581702 CITY OF DESTIN 6,395,000 6,395,000 100.0% ‐ SA 1176 SPECIAL ASSESSMENT 591001 BT‐GENERAL FUND ‐ ‐ SA 1176 SPECIAL ASSESSMENT 591201 BT‐DEBT SERVICE FUND 85,524 81,399 95.2% 4,125 SA 1176 SPECIAL ASSESSMENT 599010 RESERVE/CASH CARRYFORWARD 46,511 ‐ 0.0% 46,511 SPECIAL ASSESMENT Total 6,644,635 6,596,059 99.3% 48,576 Packet Pg. 31 3.a.4 Attachment: 4th Quarter Expenses for BoCC - Detail (2192 : Tax Receipt, STR and Expenditures Reports)  TDD FUND 104 EXPENSE FYE13 FISCAL YEAR END 9/30/2013 as of 10/4/2013 Cent Dept Dept Title Account Account Title Budget Spent %Spent Balance 1ST 1175 1ST TDT‐BEACHES & PARKS 531001 PS‐ATTORNEY‐OTHER ‐ 2,725 ‐ (2,725) 1ST 1175 1ST TDT‐BEACHES & PARKS 531002 PS‐OTHER ATTORNEY SVCS 10,000 9,013 90.1% 987 1ST 1175 1ST TDT‐BEACHES & PARKS 531013 PS‐PERMITTING