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

- - - - Total Expenditures 75,000 1,000,000 - - - 1,075,000 1,075,000 Expenses From Prior Year(s): Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2022 FY 2021 Boardwalk/Pier/Boat Launch dock replacement 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 - 37,500 37,500 Grant Funding - - - Debt Financing - Other Outside Funding 37,500 1,000,000 1,037,500 Revenue Enhancements - - - - - - Total Revenue Funding: - 75,000 1,000,000 - - 1,075,000 1,075,000 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 198 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: Heritage Park and Cultural Center Addition Responsible Department: Recreation & Cultural Services Neighborhood/Loc East Miracle Strip Responsible Division: Museum(s) Project Manager: Jeff Peters Project Category: Public Buildings Project Type: Multi-Year Project Number: Estimated Useful Life (years): 40 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/23 Project Description/Justification: Demo of Bluewater Zoo building and adding addition of Gift Shop and offices FY 2023 Construction of Museum Addition 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 400,000 400,000 - - - 800,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 400,000 400,000 - - - 800,000 925,000 Expenses From Prior Year(s): $125,000 Funded from Prior Yr. Revenue: $125,000 Prior Year Activity on Project: FY 2022 Demo Bluewater Zoo and Public Restroom FY 2021 Design Plans 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 400,000 - 400,000 Grant Funding - - - Debt Financing - Other Outside Funding 400,000 400,000 Revenue Enhancements - - - - - - Total Revenue Funding: 800,000 - - - - 800,000 925,000 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 199 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. 1 Project Title: Water Meter Replcement Responsible Department: Utility Services Neighborhood/Loc Citywide Responsible Division: Water Distribution Project Manager: Daniel Payne Project Category: Infrastructure Project Type: Multi-Year Project Number: 5056 Estimated Useful Life (years): 10 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/23 Project Description/Justification: Meter replacement for residential and commerical meters. The existing meters and registers are no longer supported by the manufacturer and issues with metering are currently being experienced. Replacement will be based on zones throughout the City. FY 2023 Zone Specified at a Later Date FY 2024 Zone Specified at a Later Date FY 2025 Zone Specified at a Later Date FY 2026 Zone Specified at a Later Date FY 2027 Zone Specified at a Later Date BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026 2027 Total Project Improvements 1,500,000 1,500,000 3,000,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 1,500,000 1,500,000 - - - 3,000,000 3,000,000 Expenses From Prior Year(s): $0 Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2022 N/A FY 2021 N/A FY 2020 N/A FY 2019 N/A FY 2018 N/A FY FY FY FY FY Five Year Total Revenue Funding Summary: 2023 2024 2025 2026 2027 Total Revenue City Funding 1,500,000 1,500,000 3,000,000 Grant Funding - - - - Debt Financing - - - - - - Other Outside Funding - - - - - - Revenue Enhancements - - - - - - Total Revenue Funding: 1,500,000 1,500,000 - - - 3,000,000 3,000,000 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 200 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. 1 Project Title: Brooks Bridge Replacement Water Relocations Responsible Department: Utility Services Neighborhood/Loc Citywide Responsible Division: Water Distribution Project Manager: Daniel Payne Project Category: Infrastructure Project Type: Multi-Year Project Number: 50XX Estimated Useful Life (years): 50 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/23 Project Description/Justification: As a part of the construction and replacemnt of Brooks Bridge, the existing City water lines will have to be relocated/reconfigured. This results in the addition of new piping, 5 new valves, and other appurtenances. FY 2023 Brooks Bridge Water Relocations FY 2024 Brooks Bridge Water Relocations FY 2025 FY 2026 FY 2027 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026