Fort Walton Beach — Fiscal Year 2024-25 Adopted Budget — reading text

Budgeted (% Change) Revenue Source City of Fort Walton Beach | Budget Book 2025 Page 181  Name Account ID FY2025 Budgeted FY2024 Budgeted vs. FY2025 Budgeted (% Change) Ad Valorem Taxes $7,505,843.00 -0.7% Other Taxes $6,331,803.00 1.2% Licenses and Permits $2,366,230.00 -34.8% Intergovernmental Revenue $3,712,367.00 -43.6% Charges for Services $3,912,727.00 3.9% Fines and Forfeitures $103,000.00 8.4% Interest & Other Revenues $1,036,727.00 -31.7% Interfund Transfers In $1,140,074.00 -0.2% Appropriation from Reserves $5,954,737.00 -55.9% Total Revenue Source: $32,063,508.00 -27.2% Revenue by Department Projected 2025 Revenue by Department Parks ​P arks & ROW (0.5%) Fire ​Fire (1%) Police ​P olice (1.1%) Parks ​P arks & Recreation (1.2%) Cemetery ​Cemetery (1.2%) Non-Departmental ​N on-Departmental (3.5%) Golf ​Golf Club (8.4%) Transfers ​Transfers Out (22.1%) Finance ​F inance (59.9%) City of Fort Walton Beach | Budget Book 2025 Page 182  Budgeted and Historical 2025 Revenue by Department 40 30 Millions 20 10 0 19 20 21 22 23 24 25 20 20 20 20 20 20 20 FY FY FY FY FY FY FY City Council Risk Management Growth Management 1/2 Cent Sales Tax TDC Facilties N\A Library Code Enforcement Planning & Zoning Museum Streets Parks & ROW Fire Police Parks & Recreation Cemetery Non-Departmental Golf Club Transfers Out Finance Name Account ID FY2025 Budgeted FY2024 Budgeted vs. FY2025 Budgeted (% Change) Revenue N\A Interest & Other Revenues DISCOUNTS 001-0000-369.90-91 $300.00 100% Total Interest & Other Revenues: $300.00 100% Total N\A: $300.00 100% Finance Ad Valorem Taxes TXS-GF/TXS-ORIG TIF 001-0500-311.10-00 $7,505,843.00 -0.7% Total Ad Valorem Taxes: $7,505,843.00 -0.7% Other Taxes FIRST LOCAL OPTION FUEL 001-0500-312.41-00 $631,498.00 -13.1% SECOND LOCAL OPTION FUEL 001-0500-312.42-00 $279,708.00 -15.4% ELECTRIC UTILITY TAX-GULF 001-0500-314.10-00 $2,663,438.00 -3.3% WATER UTILITY TAX 001-0500-314.30-00 $356,598.00 4.2% GAS 001-0500-314.40-00 $343,409.00 20% PROPANE 001-0500-314.80-00 $10,242.00 13.5% COMMUNICATIONS SERVS TAX 001-0500-315.10-00 $1,246,378.00 8% BUSINESS TAX RECEIPTS 001-0500-316.10-00 $258,162.00 61% City of Fort Walton Beach | Budget Book 2025 Page 183  Name Account ID FY2025 Budgeted FY2024 Budgeted vs. FY2025 Budgeted (% Change) Total Other Taxes: $5,789,433.00 0.4% Licenses and Permits ELECTRIC - GULF POWER 001-0500-323.10-00 $1,984,237.00 -5.8% GAS - OKALOOSA GAS 001-0500-323.40-00 $285,444.00 -6.7% SOLID WASTE 001-0500-323.70-00 $38,039.00 57.6% Total Licenses and Permits: $2,307,720.00 -5.3% Intergovernmental Revenue MUNICIPAL REVENUE SHARING 001-0500-335.12-21 $1,157,723.00 -0.3% MOBILE HOME LICENSES 001-0500-335.14-00 $12,008.00 380.3% ALCOHOLIC BEVERAGE LIC 001-0500-335.15-00 $51,857.00 -3.9% SALES TAX 1/2 - 5TH CENT SURTAX 001-0500-335.18-00 $2,370,038.00 -12.4% BUSINESS LICENSE-MUNI SHR 001-0500-338.10-00 $13,385.00 -8.5% Total Intergovernmental Revenue: $3,605,011.00 -9.1% Charges for Services ADMIN SERVICE FEES 001-0500-341.30-00 $50.00 0% Total Charges for Services: $50.00 0% Total Finance: $19,208,057.00 -2.6% Police Other Taxes INS PREM TAX/POL PENSION 001-0800-312.52-00 $267,370.00 12.9% Total Other Taxes: $267,370.00 12.9% Licenses and Permits TAXI PERMIT/BICYCLE REGIS 001-0800-329.40-00 $50.00 0% Total Licenses and Permits: $50.00 0% Charges for Services LAW ENFORCEMENT SERVICES 001-0800-342.10-00 $1,057.00 -29.5% ADMINISTRATIVE FEES 001-0800-342.16-00 $4,240.00 24.7% PHOTO COPIES 001-0800-342.18-00 $6,000.00 25% Total Charges for Services: $11,297.00 16.5% Fines and Forfeitures TRAFFIC FINES 001-0800-351.50-00 $44,000.00 10% TRAFFIC FINES 001-0800-351.50-30 $20,000.00 0% PARKING CITATIONS 001-0800-354.11-00 $500.00 -50% Total Fines and Forfeitures: $64,500.00 5.7% Total Police: $343,217.00 9.5% City of Fort Walton Beach | Budget Book 2025