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

-2.65% 2013 Revenue Note-Municipal Facilities Police-yr 10 of 18 2013 Revenue Note-Municipal Facilities Fire-yr 10 of 18 2013 Revenue Note-Municipal Facilities Library-yr 10 of 18 2013 Revenue Note-Municipal Facilities General-yr 10 of 18 2013A Bank Loan -Recreation Complex- yr 10 of 15 2013A Bank Loan -Fairway Sweep/Vac- yr 10 of 10 2013A Bank Loan -Bucket Truck- yr 10 of 10 2015 Interfund Loan -Fire Pumper- yr 9 of 10 2018 Rev Note - Field Offc Complex-yr 4 of 19 Fire Ladder Truck - yr 3 of 3 Navitas Fitness Pro - yr 4 of 6 Irrigation System Pines Course - yr 2 of 5 $ 1,260,466 $ 1,814,100 $ 1,908,340 $ 1,685,496 Total Debt Service $ 2,281,182 35.34% $ 1,260,466 $ 1,814,100 $ 1,908,340 $ 1,685,496 TOTAL FUND EXPENSES $ 2,281,182 35.34% $ (274,389) $ (753,180) $ (756,500) $ - NET REVENUE / (EXPENSE) $ - 0.00% 201-Debt 8/28/2022 1:45 PM 136  Utilities Fund The Utilities Fund encompasses 26.41% of the City’s activities and services and accounts for water production and distribution and sewer collection and treatment. These activities are financed and operate in a manner similar to a private business – where the intent is that the cost (expenses, including depreciation) of providing the services to the public on a continuing basis be financed and recovered through user charges. Revenue Highlights $16 Budget. $14 2022-23 …… $ Change % Change Charges for Services 11,709,115 89,221 0.8% $12 Interest,Othr,IntrGov 936,050 888,050 66.9% $10 Appropriation 2,346,011 430,492 18.3% Millions $14,991,176 1,407,763 9.4% $8 $6 $4 $2 $0 Actual Actual Budget Budget Budget 2018-19 2019-20 2020-21 2021-22 2022-23 Licenses & Permits Intergov't Revenue Charges for Services Interest & Other Interfund Transfers Appropriations  A new five-year utility rate study was implemented on October 2020; for FY 2022-23, Year 3 of the rate study will be implemented. The implementation makes sure the required rates are in place to generate sufficient revenue to sustain renewal and replacement reserves and account for debt service requirements. Expenditure Highlights $16 $14 Budget. 2022-23. …… $ Change % Change $12 Personal Services 2,790,442 220,841 7.9% $10 Operations & Maintenance 4,753,378 245,862 5.2% Millions $8 Capital Outlay/Imprvmt 3,380,035 1,056,134 31.2% $6 Debt Service 2,142,943 276 0.0% $4 Interfund Transfers Out 1,924,378 (115,350) (6.0)% $2 Replenish Reserves 0 0 0% $0 $14,991,176 1,407,763 9.4% Actual Actual Budget Budget Budget 2018-19 2019-20 2020-21 2021-22 2022-23 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Debt Service Interfund Transfers Replenish Reserves *Expenses shown on a cash basis, exclusive of reclassifications for the audited financial statements.*  The increase in Capital Outlay/Improvement is primarily due to the following CIPs: replacement of water meters and Brooks Bridge water/sewer relocaion. 137  401 UTILITIES FUND - REVENUES Actual Budget 2021-22 2022-23 % 2018-19 2019-20 2020-21 Adopted Adopted Change 2,348,518 2,446,054 2,519,925 2,513,064 1310-343-3000 Service Fees - Residential 2,487,459 -1.02% 1,481,824 1,449,489 1,680,988 1,519,088 1310-343-3100 Service Fees - Commercial 1,572,256 3.50% 10,400 14,550 24,371 22,500 1500-343-3600 Connection Fees - Residential 22,700 0.89% 99,075 105,555 45,522 62,000 1500-343-3700 Connection Fees - Commercial 57,000 -8.06% - - - 25 1500-343-3810 Hydrant Service 26 4.00% $ 3,939,817 $ 4,015,648 $ 4,270,806 $ 4,116,677 Total Water Operations $ 4,139,442 0.55% 4,784,208 4,911,286 4,798,470 4,842,317 1350-343-5000 Service Fees - Residential 4,902,846 1.25% 2,220,860 2,087,825 2,473,642 2,316,507 1350-343-5100 Service Fees - Commercial 2,362,837 2.00% 14,250 15,700 11,500 13,500 1500-343-5600 Connection Fees - Residential 13,550 0.37% 196,537 130,968 46,917 125,000 1500-343-5700 Connection Fees - Commercial 75,000 -40.00% $ 7,215,855 $ 7,145,778 $ 7,330,530 $ 7,297,324 Total Sewer Operations $ 7,354,233 0.78% 3,738 2,819 2,725 2,780 0520-343-3001 Administrative Fee - Returned Checks 2,790 0.36% 85,386 81,481 94,125 88,650 1310-343-3200 Service Charges 87,650 -1.13% 125,583 90,747 137,151 114,463 1310-343-3300 Penalties 125,000 9.21% $ 214,707 $ 175,047 $ 234,001 $ 205,893 Total Combined Operations $ 215,440 4.64% $ 11,370,379 $ 11,336,473 $ 11,835,336 $ 11,619,893 TOTAL CHARGES FOR SERVICES $ 11,709,115 0.77% 1,715 2,940 3,815 - 1310-324-2100 Impact Fees - Water - Residential - 0.00% 22,456 23,152 59,369 - 1310-324-2200 Impact Fees - Water - Commercial - 0.00% 1,977 3,389 1,805 - 1350-324-2100 Impact Fees - Sewer - Residential - 0.00% 25,860 27,041 24,974 - 1350-324-2200 Impact Fees - Sewer - Commercial - 0.00% $ 52,008 $ 56,523 $ 89,964 $ - Total Licenses & Permits $ - 0.00% $ 52,008 $ 56,523 $ 89,964 $ - TOTAL LICENSES & PERMITS $ - 0.00% - - - - 331-XXX-XXXX Federal Grants