Okaloosa County BOCC — Sep 9, 2013 — reading text

Page 9 Packet Pg. 22  3.a.1 Collections Breakout FY 2012-2013 Aug 2013 Attachment: Aug-Report-FY 12-13 (2192 : Tax Receipt, STR and Expenditures Reports) Total 2% Third % Fourth % Fifth % Type Collections Collections Collections Collections Collections Condominium 1,171,182.87 468,473.15 234,236.57 234,236.57 234,236.57 Motel 297,418.11 118,967.24 59,483.62 59,483.62 59,483.62 RV/Other 4,882.32 1,952.93 976.46 976.46 976.46 Individual 115,279.74 46,111.90 23,055.95 23,055.95 23,055.95 Total 1,588,763.04 635,505.22 317,752.61 317,752.61 317,752.60 Page 10 Packet Pg. 23  3.a.1 Total Collections Year to Date FY 2012-2013 Attachment: Aug-Report-FY 12-13 (2192 : Tax Receipt, STR and Expenditures Reports) Aug 2013 Total 2% Third % Fourth % Fifth % Collections Collections Collections Collections Collections Oct 2012 609,091 243,637 121,818 121,818 121,818 Nov 2012 259,607 103,843 51,921 51,921 51,921 Dec 2012 288,498 115,399 57,700 57,700 57,700 Jan 2013 298,995 119,598 59,799 59,799 59,799 Feb 2013 395,790 158,316 79,158 79,158 79,158 Mar 2013 1,118,616 447,446 223,723 223,723 223,724 Apr 2013 905,964 362,385 181,193 181,193 181,193 May 2013 1,264,607 505,843 252,921 252,921 252,922 Jun 2013 2,797,226 1,118,890 559,445 559,445 559,445 Jul 2013 2,897,647 1,159,059 579,529 579,529 579,530 Aug 2013 1,588,763 635,505 317,752 317,752 317,754 Sep 2013 Total Collected 12,424,805 4,969,921 2,484,960 2,484,959 2,484,964 Page 11 Packet Pg. 24  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