Fort Walton Beach — Fiscal Year 2015 to 2016 CRA Budget

      The Community Redevelopment Agency (CRA) Fund encompasses 4.4% of the City’s activities and services and accounts for funding derived from City of Fort Walton Beach and Okaloosa County Tax Increment Funding (TIF) – proceeds from increases in the taxable assessed value of the CRA District. The original CRA area was formed in 1980, with that being the base year for the purpose of determining the growth in assessed taxable value. In 1999 the CRA area was expanded to include an additional area. The TIF is determined by the growth in the assessed value of taxable property located in the CRA district from the base year to the current tax year and is multiplied by the current tax rate for the City and County. Expenditures in the CRA area target eliminating blight in residential and commercial areas. Revenue Highlights $2,000,000 Budget. 2017-18 …… $ Change % Change $1,500,000 Ad Valorem Taxes 1,090,214 53,763 5.2% Intergov’t Revenue 616,298 0 0% $1,000,000 Interest & Other 32,457 0 0% Approp. from Reserves 0 0 0% $1,738,969 $53,763 5.2% $500,000 $0 Actual Actual Actual Budget Budget 2013-14 2014-15 2015-16 2016-17 2017-18 Ad Valorem Taxes Intergov't Revenue Interest & Other Interfund Transfers Appropriations • The budget is predicated on maintaining the City millage (Ad Valorem) rate at 5.7697 mills. One mill equals $1 per $1,000 of taxable property value. • County Ad Valorem tax proceeds are accounted for as intergovernmental revenues. The County’s millage rate is 3.4308 mills. Expenditure Highlights $2,000,000 $1,800,000 Budget. $1,600,000 ……2017-18 $ Change % Change $1,400,000 Personal Services 357,543 (129,818) (27.7)% $1,200,000 Operations & Maintenance 411,581 (294,141) (17.3)% $1,000,000 Replenish Reserves 520,464 520,464 100.0% $800,000 $600,000 Interfund Transfer 174,381 7,258 4.3% $400,000 Capital Outlay/Imprvmt 275,000 (50,000) (15.4)% $200,000 $1,738,969 $43,912 5.2% $0 Actual Actual Actual Budget Budget 2013-14 2014-15 2015-16 2016-17 2017-18 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Interfund Transfers Replenish Reserves • The personal services decrease is attributable to staff turnover. • The decrease in operating expenses is due to the use of funds for grants in the prior year. • The decrease in capital outlay is due to the use of funds for prior year projects. 148 
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 # $50.6)&&.0&'   " 240 0 8& )3 149  109 CRA FUND - 0800 POLICE Actual Budget 2016-17 2017-18 % 2013-14 2014-15 2015-16 Adopted Adopted Change Personal Services: 5.00 - - 5.00 Number of Employees (FTE's) 5.00 197,162 213,061 215,927 215,595 521-1200 Regular Salaries 189,725 -12.00% - 54 54 - 521-1201 Service Awards - 0.00% 217 108 108 13,838 521-1202 Incentive Pay 16,840 21.69% 7,665 4,778 5,761 5,817 521-1400 Salaries - Overtime 9,481 62.99% 8,658 10,014 8,944 8,912 521-1401 Salaries - Overtime Holiday Worked 8,146 -8.60% 19,657 18,752 17,959 6,277 521-1501 Incentive Pay 4,092 -34.81% 13,614 14,456 14,693 13,621 521-2100 FICA Taxes 12,410 -8.89% 3,184 3,381 3,436 3,185 521-2101 Medicare 2,902 -8.89% 98,667 74,737 71,395 65,363 521-2201 Retirement Contributions - Police Officers 79,905 22.25% 21,851 25,884 24,393 24,774 521-2300 Dental, Life & Health Insurance 27,934 12.75% 6,827 6,067 7,135 6,232 521-2400 Worker's Compensation 6,109 -1.97% - 42,945 52,210 59,088 521-1291 Salary Allocation Reimbursement to General Fund - -100.00% $ 377,501 $ 414,238 $ 422,015 $ 422,702 Total Personal Services $ 357,543 -15.41% Operating Expenses: 15,385 15,681 15,730 - 521-3100 Professional Services - 0.00% 2,004 1,948 1,944 - 521-4100 Communication Services - 0.00% - - - - 521-4300 Utilities - 0.00% 1,625 1,035 1,304 - 521-4610 Maintenance Contracts - 0.00% 3,426 4,483 3,505 - 521-4620 Vehicle Repair - 0.00% - 95 - - 521-4630 Equipment Repair - 0.00% 75 105 - - 521-4700 Printing & Binding - 0.00% - 10 - - 521-5100 Office Supplies - 0.00% 736 570 - - 521-5200 Operating Supplies - 0.00% 17,241 11,350 10,510 - 521-5204 Fuel & Oil - 0.00% 30 620 517 - 521-5210 Uniform Expense - 0.00% - 838 508 - 521-5213 Ammunition Expense - 0.00% $ 40,523 $ 36,735 $ 34,017 $ - Total Operating Expenditures $ - 0.00% Capital Outlay: 3,150 - - - 521-6406 Specialized Equipment - 0.00% $ 3,150 $ - $ - $ - Total Capital Outlay $ - 0.00% $ 421,174 $ 450,973 $ 456,033 $ 422,702 TOTAL EXPENSES $ 357,543 -15.41% 109-0800-Police 9/14/2017 4:44 PM 150  109 CRA FUND - 2000 CRA Actual Budget 2016-17 2017-18 % 2013-14 2014-15 2015-16 Adopted Adopted Change Personal Services: 3.00 3.00 3.00 2.00 Number of Employees (FTE's) - 71,117 74,756 43,237 49,195 552-1200 Regular Salaries - -100.00% 214 185 258 - 552-1400 Salaries - Overtime - 0.00% 80 - - - 552-1401 Salaries - Overtime Holiday Worked - 0.00% 4,259 4,523 2,359 2,459 552-2100 FICA Taxes - -100.00% 996 1,058 552 575 552-2101 Medicare - -100.00% 3,836 3,674 382 3,075 552-2204 Retirement Contributions - DC Plan - -100.00% 8,777 6,083 9,400 14,872 552-2300 Dental, Life & Health Insurance - -100.00% 833 1,059 1,229 1,334 552-2400 Worker's Compensation - -100.00% - - 11,581 - 552-1291 Salary Allocation Reimb to General Fund - 0.00% $ 90,112 $ 91,338 $ 68,997 $ 71,510 Total Personal Services $ - -100.00% Operating Expenses: 6,125 96,815 91,942 50,000 552-3100 Professional Services - -100.00% 2,398 4,515 3,682 - 552-3101 Legal Services - 0.00% 150 144,930 169,739 159,265 552-3400 Other Services 159,265 0.00% 12,385 - 906 - 552-3450 Other Services - Grounds Maintenance - 0.00% 1,909 3,184 1,609 1,200 552-4000 Travel and Per Diem 1,200 0.00% 1,943 1,978 1,959 2,031 552-4100 Communication Services 2,200 8.32% 2,254 710 - 700 552-4200 Postage 700 0.00% 123,736 132,854 125,274 146,654 552-4300 Utilities 107,324 -26.82% 4,917 6,005 4,974 7,500 552-4400 Rentals & Leases - -100.00% 980 863 243 1,000 552-4620 Vehicle Repair 1,000 0.00% 2,201 582 777 600 552-4630 Equipment Repair 600 0.00% - - - 1,000 552-4700 Printing & Binding - -100.00% 2,987 1,923 280 15,000 552-4800 Promotional Activities 15,000 0.00% - - - 175 552-4911 Holiday Gift Certificates 175 0.00% - - - 750 552-4912 Easement Recording Fees - -100.00% 867 1,363 786 1,000 552-4915 Legal Advertising - -100.00% 926 203 - 500 552-5100 Office Supplies 500 0.00% 9,691 4,811 11,493 8,950 552-5200 Operating Supplies 8,950 0.00% 3,119 2,684 1,728 1,828 552-5204 Fuel & Oil 2,242 22.65% - 94 130 100 552-5210 Uniform Expense 150 50.00% - - - 1,215 552-5231 Computer Hardware/Software - -100.00% 1,576 766 1,154 1,500 552-5233 Tools 4,500 200.00% 220 271 135 280 552-5234 Safety Supplies/Equipment 400 42.86% 29,999 92 28,937 78,370 552-5250 Operating Supplies - Grounds Maintenance 78,370 0.00% 1,546 1,997 1,600 2,415 552-5400 Dues & Publications 2,415 0.00% 1,015 2,645 790 1,050 552-5500 Training 1,590 51.43% Non-Operating: 265,694 832,058 563,362 225,639 552-8200 Grants and Aids 25,000 -88.92% $ 476,638 $ 1,257,173 $ 1,051,941 $ 708,722 Total Operating Expenditures $ 411,581 -41.93% Capital Outlay: 45,180 11,850 364,159 25,000 552-6310 Improvements Other Than Buildings - -100.00% - 1,112,144 - - 522-6100 Land - 0.00% 4,504 - - - 552-6355 Landscaping/Irrigation - 0.00% 3,502 - - - 552-6402 Equipment - 0.00% $ 53,186 $ 1,123,994 $ 364,159 $ 25,000 Total Capital Outlay $ - -100.00% Capital Improvements Program: 80,312 - 5,225 - 5018 - Pavement Improvement - 0.00% - 27,846 300,000 5607 - Streetscape 275,000 -8.33% 173,146 602,278 - - Prior Years Capital Improvement Program - 0.00% $ 253,458 $ 602,278 $ 33,071 $ 300,000 Total Capital Improvements Program $ 275,000 -8.33% 109-2000-CRA 9/14/2017 4:45 PM 151  109 CRA FUND - 2000 CRA Actual Budget 2016-17 2017-18 % 2013-14 2014-15 2015-16 Adopted Adopted Change Other Financing Activity: 94,407 156,209 164,708 167,123 552-9901 Cost Allocation Reimbursement to General Fund 174,381 4.34% - - - - 581-9999 Reserved - Undesignated Net Assets 520,464 100.00% $ 94,407 $ 156,209 $ 164,708 $ 167,123 Total Other Financing Activity $ 694,845 315.77% $ 967,800 $ 3,230,992 $ 1,682,875 $ 1,272,353 TOTAL EXPENSES $ 1,381,426 8.57% 5.00 8.00 8.00 8.00 Number of Funded Employees (FTE's) 8.00 0.00% 456,033 456,033 456,033 422,702 Police 357,543 -15.41% 967,800 3,230,992 1,682,875 1,272,353 CRA 1,381,426 8.57% $ 1,423,833 $ 3,687,025 $ 2,138,908 $ 1,695,055 TOTAL FUND EXPENSES $ 1,738,969 2.59% $ 205,084 $ (2,058,108) $ (509,991) $ (64,079) NET REVENUE / (EXPENSE) $ 0 0.00% 109-2000-CRA 9/14/2017 4:45 PM 152 
   
  Share of City Budget $1,381,426, 
  3.2% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area.    Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual YTD thru 06/30 Budget
  
 
 2013-14 2014-15 2015-16 2016-17 2016-17 2017-18 Attract & Retain Businesses in the Target Area New Businesses in the CRA 30 32 29 15 30 30 Square Footage of Business Expansions in the CRA 2,100 10,694 5,915 13,610 15,000 15,000 Decrease in Number of Vacant Commercial Properties n/a n/a n/a n/a n/a n/a Businesses Approved for Economic Incentive Grants 13 15 16 8 15 15 Value of Economic Incentive Grants Provided to New or Expanding Businesses $192,949 $168,950 $978,389 $112,361 $100,000 $100,000 Private Investment Leveraged as a Result of Incentive Grants $1,265,671 $838,261 $29,474,483 $6,734,008 $1,000,000 $1,000,000 Grant Applications Approved within Two Weeks 17% 23% 0% 11% 75% 75% Attract & Retain Residents in the Target Area New Housing Units in the CRA 200 7 0 0 10 10 Decrease in Number of Vacant Residential Properties n/a n/a n/a n/a n/a n/a Maintain a Balanced Approach to Funding Allocation Residential Area Improvements 26% n/a n/a annual measure 25% 25% Commercial Area Improvements 32% n/a n/a annual measure 25% 25% Crime Prevention 68% n/a n/a annual measure 25% 25% Maintenance & General Operations 25% n/a n/a annual measure 25% 25% Complete CRA Plan Projects Within Three Years From Appropriation Previous Year Funds Not Allocated to Projects as % of Current Year Ad Valorem Proceeds 294% n/a n/a annual measure 0% 0% 9 Develop long-term (5-year and 10-year) capital improvements project list for the CRA District. 9 Develop better marketing materials for economic incentive programs available to new and expanding businesses in the CRA. 9 Complete at least 1 new public parking area in the CRA. 9 Complete Streetscape improvements along Carson Drive and Third Street. 9 Begin Phase I of Landing Master Plan for improvements to Fort Walton Landing Park. 9 Create new public parking maps for the downtown district; update signage in CRA, and provide a new downtown "gateway."   9 Develop ways to increase the quantity of and access to public parking in the CRA. 9 Encourage private reinvestment through public improvements in the CRA. 9 Continue multi-modal improvements in the CRA. 9 Continue improvements to Fort Walton Landing Park as outlined in Landing Master Plan.   

     9 Completed public parking and streetscape improvements at 234 Miracle Strip Pkwy SE. 9 Approved 14 business incentive grant applications, $28M in total private funds leveraged for $886K spent in public funds. 9 Continued CRA Grounds Maintenance Contract to ensure that the district is clean and continually maintained. 153