Fort Walton Beach Council agenda — 06-01-2010 Special-2010/2011 Budget Policy Workshop — reading text

- - 0909 20092009 - - 1010 Reserved/Reserved/ estimateestimate X11!X11! ReservedReserved Designated,Designated, 1,1, 781,781, 414414 DesignatedDesignated UndesignatedUndesignated --•- -% --•- -% DueDue toto changeschanges promulgatedpromulgated byby thethe Governmental Governmental AccountingAccounting StandardsStandards BoardBoard ( ( GASB),GASB), thethe CityCity willwill nono longerlonger bebe ableable toto maintain maintain reservesreserves inin unreservedunreserved / / designated designated accounts.accounts. Therefore,Therefore, $ $ 1.1. 3M3M inin designateddesignated reserves reserves willwill becomebecome availableavailable forfor appropriationappropriation ifif desired.desired. ThereThere isis approximately approximately $ $ 3.3. 6M6M availableavailable inin GeneralGeneral FundFund undesignated undesignated fundfund balancebalance duedue toto GASBGASB changes,changes, thethe salesale ofof propertyproperty toto WasteWaste Management,Management, andand costcost savingsaving measuresmeasures implementedimplemented duringduring FY09.FY09. AsAs reserves reserves areare nonnon - - recurring,recurring, itit isis criticalcritical theythey bebe usedused onlyonly forfor oneone - - timetime expendituresexpenditures suchsuch asas capitalcapital replacementreplacement oror debtdebt payoffpayoff ratherrather thanthan recurringrecurring operationaloperational expenses.expenses. Similarly,Similarly, thethe Enterprise Enterprise fundsfunds havehave restricted restricted ( ( e.e. g.g. debtdebt service,service, impactimpact fees)fees) andand unrestrictedunrestricted ( ( purposepurpose unidentified;unidentified; availableavailable forfor use)use) netnet assets.assets. TheThe measuremeasure ofof financialfinancial healthhealth forfor thethe enterpriseenterprise fundsfunds isis netnet assets.assets. SoSo longlong asas netnet assetsassets areare notnot negative,negative, thesethese fundsfunds areare selfsel - f- supporting.supporting. NetNet AssetsAssets - - UtilitiesUtilities FundFund $ $ NetNet AssetsAssets - - Sanitation Sanitation FundFund 3030 44 2525 33 2020 NC 1515 CoNCoN$ 2 1010 11 55 00 00 20052005 - - 0606 20062006 - - 0707 20072007 - - 0808 20082008 - - 0909 20092009 - - 1010 20052005 - - 0606 20062006 - - 0707 20072007 - - 0808 20082008 - - 0909 20092009 - - 1010 estimateestimate estimateestimate Capital,Capital, netnet ofof debtdebt trtr RestrictedRestricted Unrestricted Unrestricted Capital,Capital, netnet ofof debtdebt 00 RestrictedRestricted Unrestricted Unrestricted 55 ofof 3232  Z£ 10 9 0$ 01 Ilel slasse tau lelol 11 Aoue6aawa leloueull a ui si punt ayl •( pund leaaua!D ayl woal aalsue.il Aq/ [$ ayl el1dsop) ssol > jqc L$ a y11M aeaA ayl pue Minn pund 1100 ayl saleolpul ewaol -oid aeeA -plw ayl ') 496Z$ seen Odl3 anlle6au s,pund 11oE) ayl `OIOZ ' 1- 6 yoaeW 10 sy ' 600,7 Jld ul pann000 6ulney a9lsuea11sa11 ay1 ql!m `> i8L L$ 10 pund 11o!D ayl of pund leaaua ay1 woal aalsueal puooes a pela6pnq sl aaayl ` 0102' d ul an1le60u aq of punt ayl 10 slesse lau palolilsaaun ayl sasneo aaolaaayl pue slesse lau 10 luawalels s,pund 1loJ ayl uo A1lllgell a se snnoys Odl3 9n11e6au slyl • an1le6au sl saoanosaa 10 aaeys aleuopodo.id s,pund lloJ ay1 aouls pund leaauaLZ) ayl woal >Qn$ 6ulnnoaaoq sl pund 1loJ ayl ` aouasse ul '( 0dl3 an11e69u) > ILt,S$ pund leaaua!D ay1 panno punt ayl pue > I19£$ seen 11o11ap lassie lau palopisaaun s,pund 1loJ ayl ` 600,7 ` 06 slassy laN IElol paloulsaju palop)sed 19ap to lau `jlapdBo aagweldeS 1d • ylleay leloueu1110 aoleolpul Jayloue alewilsa sl ` sesuedxe puu senuanaa uo paseq Alyluow 0 t- 600Z 60 -90OZ 90- LOCIZ L0- 900Z 90- GOOZ selenlonll yolynn Odl3 '( 0c113) yseo pelood ul 1. A11nbe palleo sl slun000e 6UIN0940 pue luawlsanul s o$ s,A110 ayl 10 aaeys aleuolliodoid s,punl you' o o$ ' sesodind luawlsanul pue leopeid aol saoanosaa spun) 9 yoea sel6ulwwoo A110 ayl ` sledioulad 6, 0$ 0