Fort Walton Beach — Fiscal Year 2022-23 Adopted Budget — reading text

- - 0.0% 4,049,225 4,454,141 6,362,272 1,127,855 1,632,781 1,024,122 45,635,854 50,443,030 54,140,547 - - - - 9,817 9,817 - 456,165 495,230 0.9% - 886,556 1,052,056 - - - - 886,556 1,052,056 1.9% $ 4,049,225 $ 5,340,697 $ 7,414,328 $ 1,127,855 $ 1,642,599 $ 1,033,940 $ 45,635,854 $ 51,785,751 $ 55,687,833 - - - - 83,650 62,116 3,527,060 1,075,601 1,079,616 1.9% $ 4,049,225 $ 5,340,696 $ 7,414,330 $ 1,127,855 $ 1,726,249 $ 1,096,057 $ 49,162,914 $ 52,861,351 $ 56,767,451 1,954,712 729,706 1,042,192 (194,427) (498,335) (60,784) 7,300,152 (3,013,830) (1,505,486) 7,394,952 9,349,664 10,079,370 4,796,090 4,297,755 3,799,420 58,206,559 65,145,150 62,162,793 $ 9,349,664 $ 10,079,370 $ 11,121,562 $ 4,601,663 $ 3,799,420 $ 3,738,636 $ 65,506,711 $ 62,131,320 $ 60,657,307 28  Executive Budget Summary Where the Money Comes From … … And Where the Money Goes Budgeted Revenues: $56,767,451 Budgeted Expenditures: $56,767,451 Ad Valorem Taxes , Debt Service , Other Taxes , Capital Outlay/ $4,645,125 , 8.2% Reserves , $8,949,362 , 15.8% Improvement , Contingencies , $2,557,542 , 4.5% $8,008,291 , 14.1% $495,230 , 0.9% $6,654,704 , 11.7% Reserves , Culture & $1,052,056 , 1.9% Licenses & Permits , Recreation , Interfund Transfers , $5,518,093 , 9.7% $3,906,330 , 6.9% $3,456,776 , 6.1% Interfund Transfers , $1,079,616 , 1.9% Economic General Interest & Other State Revenue Environment , Government , Revenues , $2,335,474 Sharing & Other $2,844,768 , 5.0% $4,950,823 , 8.7% , 4.1% Intergov't , $6,828,957 , 12.0% Transportation , Fines and Forfeitures $605,524 , 1.1% , $64,863 , 0.1% Physical Recreation, Golf, Environment , Public Safety , Stormwater Fees , $14,911,424 , 26.3% Cemetery, Other Fees $14,010,088 , 24.7% $1,034,769 , 1.8% Water & Sewer Fees Garbage Fees , , $11,709,116 , , $3,338,327 , 5.9% $4,577,644 , 8.1% 20.6% User Fees are the largest revenue source for the City Public Safety includes police, fire, code at 36.4% and generate $20.6M. Unlike taxes, these enforcement, and building inspections, comprising charges are directly related to the service received the largest expense to the City at $14.9M, or 26.3%. and are collected for recreation & golf activities, Physical Environment includes water, sewer, water & sewer services, garbage collection, and garbage, stormwater, and cemetery operations and stormwater. totals $14.0M, or 24.7%, of expenses. Ad Valorem (Property) Taxes are the City’s second Recreation & Cultural Services totals $5.51M, or largest revenue source at $8.94M, or 15.8%, of 9.7%, of expenses and includes parks & recreation revenues. Property taxes fund essential services such programs and facilities, senior activities, library, as police, fire, planning, & code enforcement. museums, and golf courses. Other Taxes total $8.0M and are the third largest revenue source at 14.1%. This category includes local option gas tax, ½ cent sales tax, utility taxes, communication services tax, business tax receipts, insurance premium tax for police and fire pensions, and other state shared revenues. BUDGET SUMMARY FY 2022-23 FY 2021-22 $ Variance % Variance General Fund 28,518,938 27,697,297 821,641 2.97% Law Enf. Trust Fund 12,173 12,173 0 0% Law Enf. Training 500 500 0 0% FBC Fund 624,652 651,101 (26,449) (4.06)% CDBG Fund 142,827 168,866 (26,039) (15.42)% CRA Fund 4,267,997 2,437,243 1,830,754 75.12% Debt Service Fund 2,281,182 1,685,496 595,686 35.34% Utilities Fund 14,991,177 13,583,413 1,407,764 10.36% Sanitation Fund 4,746,951 4,513,696 233,255 5.17% Stormwater Fund 1,096,057 1,726,249 (630,192) (36.51)% Beal Memorial Fund 84,997 385,317 (300,320) (77.94)% GRAND TOTAL $56,767,451 $52,861,351 $3,906,100 7.39% City of Fort Walton Beach, FL 29 Executive Budget Summary Operating Budget Capital Budget $50,112,746 $6,654,705 $16 $4,000 $14 $3,500 $12 $3,000 $10 $2,500 Millions Thousands $8 $2,000 $6 $1,500 $4 $1,000 $2 $500 $0 $0 Highlights for the upcoming year include: General Government is comprised of the City IT Replacements – 8 computers, 8 laptops, 1 Council, City Manager, IT, Human servers, 16 tablets. Resources, City Clerk, Finance, Purchasing, Development Services, Fleet, and Vehicle Replacements – 10 trucks, 1 side loader, 1 Facilities. These groups shape overall City policy Vactor and/or provide guidance and assistance to other Facility Repairs – Recreation: resurface gym floor, departments and the public. replace carpet City Hall, replace Generator Public Safety includes Police, Fire, Code Enclosure at PD/FD, ballfield bathroom wood & Enforcement, and Building Permitting & fixture replacement at City Hall Athletic Fields. Inspections. These groups monitor the Street Resurfacing/Restriping – Resurfacing: Sotir safety and welfare of City Street NW from Memorial Parkway NW to Bayou property owners. Woods Drive NW; Hudson Drive NW from Fliva Physical Environment includes the production and Avenue to Sotir Street NW;