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

City of Fort Walton Beach, FL 26  CITY OF FORT WALTON BEACH, FL Summary of Estimated Financial Sources & Uses - All Funds Major Funds 1 GENERAL FUND UTILITIES FUND SANITATION FUND 2020-21 2021-22 2022-23 2020-21 2021-22 2022-23 2020-21 2021-22 2022-23 Actual Budget Budget Actual Budget Budget Actual Budget Budget Financial Sources Ad Valorem Taxes 6,608,861 6,870,632 7,438,755 - - - - - - Other Taxes 5,745,592 7,502,598 8,008,290 - - - - - - Licenses and Permits 3,442,354 3,219,306 3,256,178 89,963 - - 14,154 13,000 26,000 Intergovernmental Revenue 7,815,811 3,474,999 4,628,740 - - 900,000 - - - Charges for Services 3,461,193 3,145,442 3,338,327 11,856,685 11,619,894 11,709,115 3,996,753 4,466,098 4,577,644 Fines and Forfeitures 64,130 68,027 64,463 - - - - - - Interest & Other Revenues 621,199 727,501 693,290 354,486 48,000 36,050 337,360 3,125 2,425 Other Financing Sources 3,248,306 387,528 - - - - - - - 31,007,446 25,396,033 27,428,043 12,301,134 11,667,894 12,645,165 4,348,267 4,482,223 4,606,069 Appropriation from Reserves - 1,298,209 - - 1,915,519 2,346,012 - 31,473 140,882 $ 31,007,446 $ 26,694,242 $ 27,428,043 $ 12,301,134 $ 13,583,413 $ 14,991,176 $ 4,348,267 $ 4,513,696 $ 4,746,951 Interfund Transfers In 1,759,782 1,003,054 1,090,895 - - - - Total Financial Sources $ 32,767,228 $ 27,697,297 $ 28,518,938 $ 12,301,134 $ 13,583,413 $ 14,991,176 $ 4,348,267 $ 4,513,696 $ 4,746,951 Financial Uses General Government 3,632,924 3,877,353 4,950,823 - - - - - - Public Safety 11,980,036 12,984,897 14,274,099 - - - - - - Physical Environment 476,113 792,732 418,557 10,145,721 8,307,369 8,649,349 3,996,753 3,880,819 3,969,062 Transportation 741,097 862,200 605,524 - - - - - - Economic Environment - - - - - - - - - Culture & Recreation 4,924,696 4,893,518 5,518,092 - - - - - - Capital Outlay/Improvements 2,651,824 2,280,155 2,388,450 125,942 2,323,900 3,380,033 417,911 240,000 372,221 Debt Service 4,239 1,685,497 - 1,361,518 2,142,667 2,142,943 - 85,000 85,000 Reclass of Capital for Depreciation - - - - - - - - - 24,410,929 27,376,352 28,155,545 11,633,181 12,773,936 14,172,325 4,414,664 4,205,819 4,426,283 Contingencies - 285,928 324,993 - 115,099 115,099 - 45,321 45,321 Reserves - - - - - - - - - $ 24,410,929 $ 27,662,280 $ 28,480,538 $ 11,633,181 $ 12,889,035 $ 14,287,424 $ 4,414,664 $ 4,251,140 $ 4,471,604 Interfund Transfers Out 1,963,506 35,017 38,400 1,238,095 694,377 703,751 325,459 262,556 275,348 Total Financial Uses $ 26,374,435 $ 27,697,297 $ 28,518,938 $ 12,871,276 $ 13,583,413 $ 14,991,176 $ 4,740,123 $ 4,513,696 $ 4,746,951 Net Increase/(Decrease) in 6,392,793 (1,298,209) - 187,395 (1,915,519) (2,346,012) 396,913 - - Fund Balance / Net Assets4 Fund Bal / Net Assets4 - Oct 1 20,982,816 27,375,609 26,077,400 21,876,080 22,063,475 20,147,956 3,156,621 2,058,647 2,058,647 4 Fund Bal / Net Assets - Sep 30 $ 27,375,609 $ 26,077,400 $ 26,077,400 $ 22,063,475 $ 20,147,956 $ 17,801,944 $ 3,553,534 $ 2,058,647 $ 2,058,647 Notes 1 Major funds each comprise at least 10% of the total appropriated budget 2 Other Governmental Funds - Law Enforcement Trust, Law Enforcement Training, Florida Building Code, CRA, CDBG, Debt Service, Beal Memorial 3 Other Enterprise Funds - Stormwater 4 Fund Balance / Net Assets amounts used are unrestricted, except CRA Fund which is committed to capital projects 27  Non-Major Funds OTHER GOVERNMENTAL 2 OTHER ENTERPRISE 3 Total All Funds 2020-21 2021-22 2022-23 2020-21 2021-22 2022-23 2020-21 2021-22 2022-23 % of Actual Budget Budget Actual Budget Budget Actual Budget Budget Budget 1,350,992 1,417,976 1,510,607 - - - 7,959,853 8,288,608 8,949,362 15.8% - - - - - - 5,745,592 7,502,599 8,008,291 14.1% 660,286 503,615 624,152 - - - 4,206,757 3,735,921 3,906,330 6.9% 1,278,677 1,188,133 1,300,217 - 200,000 - 9,094,488 4,863,132 6,828,957 12.0% - - - 1,035,527 1,027,413 1,034,769 20,350,158 20,258,847 20,659,855 36.4% 13,346 400 400 - - - 77,476 68,427 64,863 0.1% 737,130 3,209 1,603,209 6,972 500 500 2,057,147 782,335 2,335,474 4.1% - - - - - - 3,248,306 387,528 - 0.0% 4,040,431 3,113,333 5,038,585 1,042,499 1,227,914 1,035,270 52,739,778 45,887,397 50,753,132 - 156,850 9,864 - 498,335 60,784 - 3,900,386 2,557,542 4.5% $ 4,040,431 $ 3,270,183 $ 5,048,449 $ 1,042,499 $ 1,726,249 $ 1,096,057 $ 52,739,778 $ 49,787,783 $ 53,310,674 1,963,506 2,070,513 2,365,881 - - - 3,723,288 3,073,567 3,456,776 6.1% $ 6,003,937 $ 5,340,696 $ 7,414,330 $ 1,042,499 $ 1,726,249 $ 1,096,057 $ 56,463,066 $ 52,861,351 $ 56,767,451 - - - - - - 3,632,924 3,877,353 4,950,823 8.7% 1,008,238 636,775 637,325 - - - 12,988,274 13,621,672 14,911,424 26.3% 15,413 385,317 84,997 1,040,698 895,881 888,122 15,674,698 14,262,119 14,010,088 24.7% - - - - - 741,097 862,200 605,524 1.1% 945,657 1,258,453 2,844,768 - - - 945,657 1,258,453 2,844,768 5.0% - - - - - - 4,924,696 4,893,518 5,518,092 9.7% 171,578 488,100 514,000 87,157 600,900 - 3,454,412 5,933,055 6,654,704 11.7% 1,908,339 1,685,496 2,281,182 - 136,000 136,000 3,274,096 5,734,660 4,645,125 8.2% - - - - - - -