Fort Walton Beach Council agenda — 09-19-12 special budget-second ph — reading text

Improvements, 51, 404,303, 4% $ Other Taxes, 257, 090, 1% 245, 126, 1% $ 4, 803, 995, 14% 4, 863, 020, 14% Capital Outlay, Interfund Licenses & 757, 777 , 2% Culture & 2475 Reserves, 81, 083, 670, 3% Transfers, Permits, Recreation, 2, 448, 155, 7% 2, 336, 489, 7% 4, 144, 676, 12 %. Transfers, Interfund 2, 462, 683, 7% Interest & Misc, 548,482, 2% Community& — State Revenue Economic Dev., Fines, Forfeitures, Sharing & Other 1, 267, 158, 4% Government, General Inter l 3, 874, 466, 12% 110 0, 700, 0% 3, 146, 564, 9% Transportation, 1, 139, 634, 4% Stormwater Fees, J Recreation, 574, 000, 2 % Cemetery, Other Golf Club Fees, 1, 968, 497, 6% 7 Garbage Fees, 3, 301, 100, 10% Water & Sewer Fees, $ 8, 236,400 25% Fees, $ 915, 081, 3% Physical Environme 8, 496,224, Public Safety, 8, 362,428, 25% User Fees are the largest revenue source — 44. 8% - Physical Environment including water, sewer, for the City and generate $ 15. OM. Unlike taxes, stormwater, and cemetery operations comprises the these charges are directly related to the service largest expense to the City at $ 8. 5M or 25. 4 %. received and are collected for recreation & golf fire Public Safety includes the police and activities, water and sewer services, and garbage departments and totals $ 8. 4M or 25. 0 %. Declining collection. revenues necessitated a $ 1. 0M or 19. 0% cut in the Other Taxes total $ 4.9M and are the second largest police department budget, including 8 sworn revenue source at 14. 5% and include fuel tax, utility officers and 3 non -sworn positions. taxes, communication services tax, business tax Culture & Recreation totals $ 4. 1M or 12. 4% for receipts, and insurance premium tax for police and parks & recreation programs and facilities, senior fire pensions. center, library, museums, and golf courses. Property Taxes are the City' s third largest source of revenue at $ 4. 8% or 14. 3% of revenues. BUDGETBUDGET SUMMARYSUMMARY FY 2012 -13 FY 2011 -12 VarianceVariance Variance General Fund 16, 801, 950 17, 399, 021 597,597, 071071 3. 4% Law Enf. Trust Fund 16,16, 500500 13, 275 3,3, 225225 24.24. 3%3% Law Enf. Training 7, 000 10, 000 3,3, 000000 30. 0% FBC Fund 263, 444 0 263, 444 100. 0% CDBG Fund 124, 541 126, 575 2, 034 1. 6% CRA Fund 1, 326, 101 1, 416, 522 90,421 6. 4% Debt Service Fund 476, 277 455, 644 20, 633 4.5% Utilities Fund 8, 489, 269 12, 360,728 3, 871, 459 31. 3% Sanitation Fund 3, 315, 600 3, 340,600 25, 000 0. 7% Golf Fund 2, 065, 927 2, 076, 641 10, 714 0. 5% Stormwater Fund 575, 400 694, 172 118, 772 17. 1% Beal Memorial Fund 35, 600 42, 600 7, 000 16. 4% GRAND TOTAL 33, 497, 609 37, 935, 778 4,438, 169 CityCity ofof FoilFoil WaltonWalton Beach,Beach, FLFL 1010 Executive Budget Summary Operating Budget Capital Budget 32,492,332 1, 005, 277 9