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

Alabama Avenue NW distribution of drinking water, collection and Alley. Stafford Circle NE from Mooney Road NE to treatment of wastewater, collection of Cul-de-sac; Carlyle Court NE from Merioneth Drive residential and commercial garbage, NE to Cul-de-sac; White Wilson parking area. recycling, management of stormwater and Sewer Grouting & Lining – Locations based upon environmental issues, and cemetery operations. video reports, maintenance, and flow monitoring. Transportation includes right-of-way, engineering, Storm Drainage Improvement – Identified in the and streets. five-year schedule listed in the Stormwater Master Economic Environment includes the CDBG Plan; Martisa Road Stormwater Replacement. program for low-moderate income families and the CRA program to revitalize blighted areas. Recreation activities include neighborhood and facility parks, a tennis center, a library, a museum complex, a recreation complex, and two 18-hole golf courses. City of Fort Walton Beach, FL 30 Executive Budget Summary Did You Know? . . . The City of Fort Walton Beach comprises 33.8% of a citizen’s tax bill. One mill equals $1 per $1,000 of taxable property value. Over 11% of properties within the City have exemptions that enable them to pay no property taxes (i.e. homestead exemptions). Other Financing Sources Other Taxes Intergov't Revenue Fines & Forfeitures $3,456,776 $8,008,291 $6,828,957 $64,863 Ad Valorem Taxes Licenses & Permits Charges for Services Interest & Other Fund Balance / Net Assets $8,949,362 $3,900,164 $20,659,856 $2,335,474 $2,557,542 67% of residents & 58% of businesses will pay $50.00 or less per month in City property taxes That’s far less than two common monthly bills…. Basic Cable TV & Internet Cell Phone $55.00 $102.99 City of Fort Walton Beach, FL 31 Executive Budget Summary Revenues by Category Budget 2022-23 Budget 2021-22 Actual 2020-21 Actual 2019-20 Actual 2018-19 $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 $22 Millions Fund Balance / Net Assets / Transfers Other Financing Sources Interest & Other Fines & Forfeitures Charges for Services Intergov't Revenue Licenses & Permits Other Taxes Ad Valorem Taxes Expenses by Category Budget 2022-23 Budget 2021-22 Actual 2020-21 Actual 2019-20 Actual 2018-19 $0 $2 $4 $6 $8 $10 $12 $14 $16 Millions Other Financing Uses Debt Service Capital (net of Reclass) Culture & Recreation Economic Environment Transportation Physical Environment Public Safety General Government City of Fort Walton Beach, FL 32 Executive Budget Summary City of Fort Walton Beach, FL 33  CITY OF FORT WALTON BEACH, FL Revenue Trends - All Funds Revenues by Fund $60 $55 $50 $45 $40 $35 Millions $30 $25 $20 $15 $10 $5 $0 Actual Actual Actual Budget Budget 2018-19 2019-20 2020-21 2021-22 2022-23 General Fund FL Bldg Code Fund CRA Fund Debt Service Fund Utilities Fund Sanitation Fund Stormwater Fund Actual Actual Actual Budget Budget $ % 2018-19 2019-20 2020-21 2021-22 2022-23 Variance Variance General Fund 24,760,821 28,804,434 32,962,460 27,697,297 28,518,938 821,641 2.97% Law Enf. Trust Fund** 6,578 29,284 22,613 12,173 12,173 - 0.00% Law Enf. Training Fund** 4,928 4,439 4,501 500 500 - 0.00% FL Bldg Code Fund 493,366 562,605 636,779 651,101 624,652 (26,449) -4.06% CDBG Fund 135,313 174,691 294,572 168,866 142,827 (26,039) -15.42% CRA Fund 1,933,751 2,443,175 2,773,051 2,437,243 4,267,997 1,830,754 75.12% Debt Service Fund 986,077 1,060,920 1,151,840 1,685,496 2,281,182 595,686 35.34% Utilities Fund 11,748,379 11,680,187 12,133,278 13,583,413 14,991,176 1,407,763 10.36% Sanitation Fund 3,888,873 4,001,231 4,721,186 4,513,696 4,746,952 233,256 5.17% Stormwater Fund 1,052,999 1,205,939 1,044,823 1,726,249 1,096,057 (630,192) -36.51% Beal Memorial Fund** 161,747 340,932 717,963 385,317 84,997 (300,320) -77.94% Revenues 45,172,835 50,307,840 56,463,066 52,861,351 56,767,451 3,906,100 7.39% ** not included on chart Revenues by Category $60 $55 $50 $45 $40 $35 $30 Millions $25 $20 $15 $10 $5 $0 Actual Actual Actual Budget Budget 2018-19 2019-20 2020-21 2021-22 2022-23 Ad Valorem Taxes Other Taxes Licenses & Permits Intergov't Revenue Charges for Services Fines & Forfeitures Interest & Other Other Financing Sources Fund Balance/Net Assets/Transfers Actual Actual Actual Budget Budget % 2018-19 2019-20 2020-21 2021-22 2022-23 $ Variance Variance Ad Valorem Taxes 7,520,049 7,926,727 7,959,853 8,288,608 8,949,362 660,754 7.97% Other Taxes 5,581,321 5,515,139 5,745,592 7,502,599 8,008,291 505,692 6.74% Licenses & Permits 2,659,200 3,546,067 4,206,757 3,735,921 3,906,330 170,409 4.56% Intergov't Revenue 5,516,224 8,042,737 9,094,488 4,863,132 6,828,957 1,965,825 40.42% Charges for Services 19,138,119 19,062,904 20,350,158 20,258,847 20,659,855 401,008 1.98% Fines & Forfeitures 94,578 93,827 77,476 68,427 64,863 (3,564) -5.21% Interest & Other 2,206,627 2,225,659 2,057,147 782,335 2,335,474 1,553,139 198.53% Other Financing Sources 102,811 274,135 3,248,306 387,528 - (387,528) 0.00% Fund Balance/Net Assets/Transf 2,353,906 3,620,644 3,723,288 6,973,953 6,014,318 (959,635) -13.76% Revenues 45,172,835 50,307,840 56,463,066 52,861,351 56,767,451 3,906,100 7.39% 34  CITY OF FORT WALTON BEACH, FL Expenditure Trends - All Funds Expenditures by Fund $60 $55 $50 $45 $40 $35 Millions $30 $25 $20 $15 $10 $5 $0 Actual Actual Actual Budget Budget 2018-19 2019-20 2020-21 2021-22 2022-23 General Fund* FL Bldg Code Fund CRA Fund Debt Service Fund Utilities Fund Sanitation Fund Stormwater Fund Actual Actual Actual Budget Budget $ % 2018-19 2019-20 2020-21 2021-22 2022-23 Variance Variance General Fund* 28,542,518 26,730,208 26,374,435 27,697,297 28,518,938 821,641 2.97% Law Enf. Trust Fund** 14,483