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Okaloosa County BOCC — July 6, 2016 — County PowerPoint 9 30 15 — reading text
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2015
Source: 2015 Comprehensive Annual Financial Report
Business-Type Activities – Revenue and Expenses
Business‐Type Activities Revenue
Fiscal Year 2015
($ million)
Other
$3.6
5%
Taxes
$1.5
2%
Capital Grants and
Contributions Charges for Services
$10.9 $53.5
16% 77%
Operating Grants and
Contributions
$0.3
0%
Total: $69.8 million
Source: 2015 Comprehensive Annual Financial Report
Business-Type Activities – Revenue and Expenses
Business‐Type Activities Expenses
Fiscal Year 2015
($ million)
Other Programs
$8.8
16%
Water & Sewer
$26.4
48%
Emergency Medical Services
$7.4
13%
Airport
$12.4
23%
Total: $55.1 million
Source: 2015 Comprehensive Annual Financial Report
Net Assets – Governmental Activities and Business-Type Activities
The County’s Statement of Net Assets, or balance sheet, is a snapshot of its financial position at the end of the fiscal year. The statement
summarizes that assets owned by the County and its liabilities or financial obligations. Net assets may serve over time as a useful
indicator of improving or deteriorating financial position. For fiscal year 2015, assets exceeded liabilities by $167.6 million.
Statement of Net Assets
September 30, 2015 Governmental Business‐Type
($ million) Total 2015 Total 2014
Activities Activities
Assets
Current assets $ 100.0 $ 85.6 $ 185.6 $ 159.6
Capital assets 194.0 304.7 498.7 483.0
Total assets $ 294.0 $ 390.3 $ 684.3 $ 620.3
Deferred Outflows $ 7.7 $ 6.6 $ 14.3 $ 0
Liabilities
Current liabilities $ 19.4 $ 16.6 $ 36.0 $ 31.4
Long‐term liabilities 106.5 117.1 223.6 151.5
$ 125.9 $ 133.7 $ 223.6 $ 182.9
Deferred Inflows $ 8.2 $ 3.5 $ 11.7 $ 0
Net Assets Invested in capital assets, net
of related debt
$ 138.4 $ 213.7 $ 352.1 $ 353.8
Restricted 59.2 19.6 78.8 64.4
Unrestricted (30.0) 26.3 (3.7) 41.5
$ 167.6 $ 259.6 $ 427.2 $459.7
Long-Term Debt
Long‐Term Debt Outstanding
Fiscal Year 2015
($ million) Shalimar Annex and
Fort Walton Beach Crestview Courthouse
Courthouse $22.2
$24.5 15%
17%
Airport System Charges
$17.0
11%
Tax Collector Building
$2.2
1%
Beach Renourishment
$3.8
3%
Water & Sewer System
$74.8
Brackin Building 51%
$3.2
2%
Total: $147.7 million
Source: 2015 Comprehensive Annual Financial Report