Fort Walton Beach — Comprehensive Financial Report September 30, 2021 — reading text

(1,076,579) (1,908,339) (831,760) OTHER FINANCING SOURCES Transfers in 1,076,579 1,076,579 1,908,339 831,760 NET CHANGE IN FUND BALANCE - - - - FUND BALANCE AT BEGINNING OF YEAR - - 21,156 21,156 FUND BALANCE AT END OF YEAR $ - $ - $ 21,156 $ 21,156 106 III. STATISTICAL SECTION (UNAUDITED) This section of the City’s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, and note disclosures say about the City’s overall financial Health. Financial Trends These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. Revenue Capacity These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive and annual financial reports for the relevant year.  City of Fort Walton Beach, Florida SCHEDULE 1 NET POSITION BY COMPONENT Last Ten Fiscal Years (full accrual basis of accounting) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Governmental Activities Net investment in capital assets $ 25,379,050 $ 23,531,576 $ 24,866,399 $ 27,443,877 $ 27,791,054 $ 27,347,098 $ 29,375,380 $ 28,280,342 $ 28,266,271 $ 28,034,343 Restricted Debt service 113,507 21,156 25,449 25,449 21,156 21,156 26 - 21,156 21,156 Improvement Districts 3,736,100 3,833,430 4,073,364 1,874,265 1,437,363 1,552,484 1,812,525 1,691,456 3,060,014 4,133,412 Public safety 262,648 462,375 565,946 507,625 536,448 426,892 468,331 673,892 879,583 1,060,646 Other purposes 194,193 177,129 172,630 187,575 165,895 93,456 66,707 1,370,446 2,248,298 3,784,023 Unrestricted 11,487,979 9,329,608 10,700,661 159,868 2,158,813 (1,447,438) (2,667,720) (377,793) 4,171,642 8,279,303 Total governmental activities net position $ 41,173,477 $ 37,355,274 $ 40,404,449 $ 30,198,659 $ 32,110,729 $ 27,993,648 $ 29,055,249 $ 31,638,343 $ 38,646,964 $ 45,312,883 Business-Type Activities Net investment in capital assets $ 14,929,648 $ 17,305,881 $ 13,779,184 $ 12,886,793 $ 12,893,855 $ 13,818,340 $ 13,829,575 $ 13,678,160 $ 14,566,978 $ 14,023,752 Restricted Debt service 184,933 1,087,405 1,082,935 157,228 157,228 157,228 157,228 157,228 157,228 157,228 System improvements 112,863 305,508 367,263 382,734 404,761 452,472 440,212 454,564 465,123 476,154 Unrestricted 8,552,169 9,379,587 9,658,709 10,656,992 11,118,844 11,731,659 12,252,058 14,010,607 14,639,462 15,561,538 Total business-type activities net position $ 23,779,613 $ 28,078,381 $ 24,888,091 $ 24,083,747 $ 24,574,688 $ 26,159,699 $ 26,679,073 $ 28,300,559 $ 29,828,791 $ 30,218,672 Primary Government Net investment in capital assets $ 40,308,698 $ 40,837,576 $ 38,645,583 $ 40,330,670 $ 40,684,909 $ 41,165,438 $ 43,204,955 $ 41,958,502 $ 42,833,249 $ 42,058,095 Restricted 4,604,244 5,887,003 6,287,587 3,134,876 2,722,851 2,703,688 2,945,029 4,347,586 6,831,402 9,632,619 Unrestricted 20,040,148 18,709,195 20,359,370 10,816,860 13,277,657 10,284,221 9,584,338 13,632,814 18,811,104 23,840,841 Total primary government net position $ 64,953,090 $ 65,433,774 $ 65,292,540 $ 54,282,406 $ 56,685,417 $ 54,153,347 $ 55,734,322 $ 59,938,902 $ 68,475,755 $ 75,531,555 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2002; schedules presenting government-wide information include information beginning in that year. 107  City of Fort Walton Beach, Florida SCHEDULE 2 CHANGES IN NET POSITION Last Ten Fiscal Years (full accrual basis of accounting) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Expenses Governmental activities General government $ 4,314,050 $ 2,662,406 $ 3,179,768 $ 2,735,875 $ 3,285,039 $ 3,581,072 $ 3,799,439 $ 3,559,619 $ 4,182,204 $ 4,222,810 Public safety 9,805,368 9,729,228 9,685,621 9,562,140 10,172,215 11,507,059 11,420,904 11,159,777 12,040,368 13,746,451 Physical environment 383,970 379,681 392,255 379,334 430,490 543,287 505,458 519,126 497,072 547,701 Transportation 1,592,150 1,631,665 1,495,374 1,474,209 1,494,178 1,536,979 1,401,819 1,406,227 1,268,589 1,253,402 Economic environment 707,603 1,090,025 803,175 1,813,782 1,540,230 1,591,643 1,174,794 1,412,332 1,317,571 1,131,722 Culture and recreation 2,880,815 2,715,977 4,829,004 4,601,503 5,375,183 5,403,198 5,538,881 5,781,339 5,999,273 5,990,714 Debt service interest 254,516 324,405 483,301 340,497 323,639 304,331 291,590 664,131 727,034 700,924 Total government activities 19,938,472 18,533,387 20,868,498 20,907,340 22,620,974 24,467,569 24,132,885 24,502,551 26,032,111 27,593,724 Business-type activities Utilities 7,017,160 7,644,240 9,185,338 9,205,259 10,066,769 9,420,248 9,810,437 9,961,949 9,315,619 10,574,909 Sanitation 2,741,266 3,163,638 3,393,269 3,319,760 3,407,992 3,687,087 3,774,624 3,720,984 3,824,136 3,996,753 Golf 2,012,165 2,023,186 2,215 - - - - - - - Stormwater 497,211 611,962 439,191 460,314 611,351 681,541 727,282 762,181 764,925 1,040,698 Total business-type activities 12,267,802 13,443,026 13,020,013 12,985,333 14,086,112 13,788,876 14,312,343 14,445,114 13,904,680 15,612,360 Total primary government expenses $ 32,206,274 $ 31,976,413 $ 33,888,511 $ 33,892,673 $ 36,707,086 $ 38,256,445 $ 38,445,228 $ 38,947,665 $ 39,936,791 $ 43,206,084 Program Revenues Governmental activities Charges for services General government $ 430,718 $ 409,983 $ 476,824 $ 421,987 $ 421,503 $ 448,911 $ 434,820 $ 508,494 $ 532,475 $ 550,688 Public safety 373,855 640,271 495,111 490,379 523,163 570,556 532,536 643,944 1,440,937 1,883,415 Physical environment 439,555 404,429 376,998 409,253 371,205 399,338 387,821 414,695 415,266 724,582 Transportation 118,067 122,275 140,038 140,809 207,860 240,653 246,164 252,418 258,883 270,779 Economic environment 58,000