Fort Walton Beach Council agenda — 05-15-12 special budget policy — reading text

pensionable, reserves could not be used to fund the initiative and funding would have to be built into the annual budget. 3. The average increase under the former 3 % step /merit plan would be $ 930. A flat dollar amount of $900 has a greater impact for lower paid employees and is therefore more costly up front, but less expensive in the long term. Policy Options I. Lump -sum performance incentive payment up to $ 900 based on an employee' s annual evaluation score during FY 2012 -13 ( or election of corresponding vacation hours). 2. Lump -sum cost of living payment of $500 plus performance incentive up to an additional 400 based on an employee' s annual evaluation score during FY 2012 -13 ( or election of corresponding vacation hours-). 3. Lump -sum cost of living payment of $900 on October 1 ( or election of corresponding vacation hours). 11 ° r" Packet Pg. 18  3. 1. a FY 2012 -13 Budget Policy Meetivg FIVE -YEAR FINANCIAL FORECAST DETAILS General Fund Adopted PROJECTED 2011 - 12 2012 -13 2013 -14 2014 -15 2015 -16 2016. 17 14, 967, 030 14, 620, 421 14, 772, 031 15, 057, 591 15, 579, 661 15, 911, 124 Operating Revenues Non -Operating Revenues 2, 217, 190 2, 182, 796 2, 199, 367 2, 316, 363 2, 233, 795 2, 251, 674 TOTAL REVENUES 17, 184, 220 16, 803, 217 16, 971, 398 17, 273954 17, 813, 456 18, 162, 798 PersonalPersonal ServicesServices 13, 066, 856 13, 481, 880 13, 779, 999 14, 089, 093 14, 406, 14, 406, 272 272 14, 731, 14, 731, 792 792 OperatingOperating ExpensesExpenses 3, 460, 274 3, 620, 830 3, 791, 151 3, 971, 990 4, 164, 170 4, 368, 589 Capital Expenses 359, 228 365, 500 315, 500 410, 500 525, 500 420, 500 Other Expenses 512, 663 483, 630 482, 030 485, 055 482, 465 484, 475 TOTAL EXPENSES 17, 399, 021 17, 951, 840 18, 368, 680 18, 956, 639 19, 578, 407 20, 005, 356 Net Cash lncr /(Deer) ( 214, 801) ( 1, 148, 624) ( 1 ,397, 282) ( 1, 682, 685) ( 1, 764, 951) ( 1, 842, 558) Adopted PROJECTED W police restructuring 2011 -12 2012 -13 2013 -14 2014 -15 2015 -16 201717 Operating Revenues 14, 967, 030 14, 620, 421 14, 772, 031 15, 057, 591 15, 579, 661 15, 911, 124 Nan -Operating Revenues 2, 317, 190 2, 182, 796 2, 199, 367 2, 216- 163 2, 233795 2, 251, 674 TOTALREVENUES 17, 184, 220 16, 803, 217 16, 971, 398 17, 273, 954 17, 813, 456 18, 162, 798 Person.]Person.] Service,Service, 13, 066, 856 12, 514,018 514, 018 12, 851, 686 138,557 13, 138, 557 13, 432, 886 13, 734, 906 3, 460, 274 3564507 3, 730, 472 3, 906, 516 4, 093A13 4, 292, 003 Operating Expenses Capital Expenses 359, 228 340, 500 315, 500 410, 500 525, 500 420, 500 Other Expemes 512, 663 483, 630 482, 030 485, 055 482, 465 484, 475 TOTAL EXPENSES 17,399, 031 16, 902, 655 17, 379, 689 17, 940, 629 18, 534, 263 18, 931, 884 Net Cashlner /(Deer) ( 214, 801) ( 99, 438) ( 408, 290) ( 666, 675) ( 720, 807) ( 769, 086) 12 or 17 Packet Pg, 17  F3 1.. 0 FY 2012 - 13 Budget Policy Meeting Utilities Adopted PROJECTED 2011 - 12 2012 -13 2013 -14 2014. 15 2015 -16 2016 -17 Operating Revenues 7, 724, 600 7, 950, 368 8, 182, 909 8, 422, 426 8, 669, 129 8, 923, 233 114, 228 84, 228 85, 165 86, 121 87, 097 88, 091 Nun -Operating Revenues TOTAL REVENUES 7, 838, 828 8, 034, 596 8, 268, 074 81508, 548 8, 756, 226 9, 011, 324 Personal Personal ServicesServices 2, 004, 679 2,2, 055,055, 940940 2,2, 104,104, 351351 2, 153, 024 2,2, 203,203, 053053 2,2, 254,254, 483483 OperatingOperating ExpensesExpenses 3, 345, 982 3, 466, 330 31591, 968 3, 723, 205 3, 860, 376 4, 003, 839 Capital Expenses 2, 895, 655 489, 700 536, 000 523, 250 840, 750 711, 500 Other Expenses 1, 886, 702 1, 896, 617 1, 906, 119 1, 915, 187 1, 923, 805 1, 932, 345 TOTAL EXPENSES 10, 133, 018 7, 908, 588 8, 138, 438 8, 314, 667 8, 827, 984 8, 902, 167 Net Cash lncr /nxr) ( 2, 294, 190) 126, 008 129, 637 193, 881 ( 71, 758) 109, 158 Podsa Pra erred 2011. 12 2011. 13 01314 201415 DII5. 16 201614 OPERATMO REVENUES ehot" Per SN' S" 7, 124. 600 7, 950.368 8, 182, 909 81422, 426 8, 669, 129 8, 923, 233 OPERATING EXPENSES I— ealS —." s 2, 004 679 2055940 2. 104351 2, 153. 1124 2203. 053 2. 254. 453 3345982 3, 466330 5591968 3, 723. 205 3, 560376 4, 003839 0' e' ng Dcpwaliun 1. 163981 116398i 163998/ 1163. 981 1, 163, 981 16398) TOTAL OPERATING EXPENSES 6514, 642 6, 686, 251 6. 8611, 299 7, 040. 210 7. 221410 422 30 OPERATING INCOME( LOSS) Ii09.9SR 192649117 19322610 1382, 216 1; 141720 1, 5 W. Y30 NON OPERATNG REVENUES ( EXPENSES) 1. 1- 111 rrher Revenue 7PS65 46, 865 479802 48, 758 496134 50721 rimed ExPeree S 451672) 1442559) 432] 59) 4232471