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

- 50,000 Public Safety 50,000 - - - - 50,000 TBD Arts & Culture Strategic Plan Implementation 125,000 - - - - 125,000 TBD Preston Hood Batting Cage Structure 275,000 - - - - 275,000 TBD Preston Hood Complex Expansion 150,000 500,000 500,000 500,000 500,000 2,150,000 Recreation 550,000 500,000 500,000 500,000 500,000 2,550,000 5309 Ferry Park Area Traffice Analysis 60,000 - - - - 60,000 5306 Sidewalk Improvements 150,000 150,000 150,000 150,000 150,000 750,000 TBD Street Resurfacing 400,000 400,000 400,000 400,000 400,000 2,000,000 Streets 610,000 550,000 550,000 550,000 550,000 2,810,000 GENERAL FUND TOTAL 1,210,000 1,050,000 1,050,000 1,050,000 1,050,000 5,410,000 TBD Branding & Wayfinding 50,000 - - - - 50,000 TBD Liza Jackson Waterfront Park Design 75,000 1,000,000 - - - 1,075,000 TBD Heritage Park & Cultural Center Addition 790,000 400,000 - - - 1,190,000 CRA FUND TOTAL 915,000 1,400,000 - - - 2,315,000 TBD Water Meter Replacements 3,000,000 - - - - 3,000,000 TBD Brooks Bridge Water Relocation 500,000 500,000 - - - 1,000,000 Water Distribution 3,500,000 500,000 - - - 4,000,000 TBD Sewer System Grouting & Lining 50,000 50,000 50,000 50,000 50,000 250,000 TBD Brooks Bridge Sewer Relocation 750,000 750,000 - - - 1,500,000 Sewer Collection & Treatment 800,000 800,000 50,000 50,000 50,000 1,750,000 UTILITIES FUND TOTAL 4,300,000 1,300,000 50,000 50,000 50,000 5,750,000 GRAND TOTAL - ALL FUNDS 6,425,000 3,750,000 1,100,000 1,100,000 1,100,000 13,475,000 Where it comes from... ...And where it goes General Fund Balance Half Cent Sales Tax Revenue Parks & Recreation Public Safety TDC Tax Revenue Debt Issuance Streets Water & Sewer Utilities Fund Balance Grant Funding Revenue CRA Fund Balance Downtown General Fund Balance 60,000 Parks & Recrea 550,000 Half Cent Sales Tax Revenue 795,000 Public Safety 50,000 TDC Tax Revenue 682,500 Streets 610,000 Debt Issuance 150,000 Water & Sewer 4,300,000 Utilities Fund Balance 2,800,000 Downtown 915,000 Grant Funding Revenue 1,500,000 CRA Fund Balance 437,500 6,425,000 6,425,000 191  FUNDING METHODOLOGY FY 2022-23 TIMELINE Operating & 1/2 (1) Cent Sales Tax TDC Tax Bond / Debt Other / Fund Bal / Net FIVE YEAR Estimated Project (2) Revenues Revenues Grant Issue In-Kind Assets TOTAL Start Duration 50,000 - - - - - 50,000 Oct 2022 12 months 50,000 - - - - 50,000 - 125,000 - - - - 125,000 Oct 2022 36 months 195,000 80,000 - - - - 275,000 Oct 2022 12 months - - - 2,150,000 - - 2,150,000 Oct 2022 36 months 195,000 205,000 - 2,150,000 - - 2,550,000 - - - - 60,000 60,000 Oct 2022 12 months 750,000 - - - - - 750,000 Oct 2022 12 months 2,000,000 - - - - - 2,000,000 Oct 2022 12 months 2,750,000 - - - - 60,000 2,810,000 2,995,000 205,000 - 2,150,000 - 60,000 5,410,000 - 50,000 - - - - 50,000 Oct 2022 12 months - 1,037,500 - - - 37,500 1,075,000 Oct 2022 12 months - 790,000 - - - 400,000 1,190,000 Oct 2022 36 months - 1,877,500 - - - 437,500 2,315,000 - - 1,500,000 - - 1,500,000 3,000,000 Oct 2022 24 months - - - - - 1,000,000 1,000,000 Oct 2022 24 months - - 1,500,000 - - 2,500,000 4,000,000 - - - - - 250,000 250,000 Oct 2022 12 months - - - - - 1,500,000 1,500,000 Oct 2022 24 months - - - - - 1,750,000 1,750,000 - - 1,500,000 - - 4,250,000 5,750,000 2,995,000 2,082,500 1,500,000 2,150,000 - 6,830,000 13,475,000 Italics denotes a project beyond the current five-year CIP horizon. (1) Other includes special assessments and land sales. (2) In-kind matching grant contributions are budgeted as operational expenses (usually personal services). Note: Some projects also have carry-over funds, which are not included in these totals but noted as part of the budget resolution at the end of the budget document. 192 City of Fort Walton Beach, Florida FY 2023 - 2027 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Carport - FWBPD Responsible Department: Police Neighborhood/Loc Responsible Division: Police - Support Services Project Manager: Project Category: Public Buildings Project Type: Project Number: Estimated Useful Life (years): Criteria Type: Projected Date of Completion: Project Description/Justification: Construction of Carport in PD's secure parking lot area to cover sensitive equipment and speed trailers. FY 2023 Construction of Carport in PD secure parking lot FY 2024 FY 2025 FY 2026 FY 2027 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026 2027 Total Project Cost Improvements 50,000 - - - - 50,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 50,000 - - - - 50,000 50,000 Expenses From Prior Year(s): Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2023 2024 2025 2026 2027 Total Revenue City Funding 50,000 - 50,000 Grant Funding - -