Fort Walton Beach Council agenda — 08-12-13--special--budget — reading text

enterprise fund absent ongoing transfers and support from the General Fund. 3. 2. 1. Moving operations back into the General Fund will reduce the operating deficit to $ 55K for FY 2013 - 14. Course conditions have recovered from last year' s improper chemical application and as play continues to improve, it is hoped golf operations will regain their self-sustainability and at a minimum break even as part of the General Fund. 3. 2. 2. General Fund reserves will be impacted by this change. There will be an approximately $ 590K decrease in unassigned fund balance due to assuming the Golf Fund' s negative net assets; however, this decrease would still occur if the Golf Fund remained an enterprise fund in order to eliminate the fund' s negative net assets. 3. 23. The $ 2. 7M loan advance will be removed from the General Fund' s non- spendable fund balance. 3. 3. In the Utilities Fund, an estimated 5% water and sewer rate increase on October 1, 2013 Page 3 of 4 Paeke['  5. 1 is assumed for budget purposes. 3. 3. 1. A Request for Proposals to conduct a new five ( 5) year rate study will be issued by the end of August to determine the required rate increase to generate enough revenue to sustain a renewal and replacement reserve and account for the debt service associated with the construction of the new force main and pump station. 3. 3. 2. The rate study will also assess the possibility of creating a reclaimed water utility as well as combining the Storrawater Fund with the Utilities ( Water & Sewer) Fund. 3. 3. 3. The final draft of the Stormwater Master Plan has been completed and will be presented to City Council in the near future. The list of priority projects generated in the Master Plan will determine the appropriate rate structure to fund required improvements. 3. 4. In the Sanitation Fund, the addition of one ( 1) Full -Time Employee is included in the proposed budget in order to expand the commercial recycling program and explore residential recycling opportunities. 4. RECOMMENDATION: 4. 1. Staff respectfully requests that City Council endorse a millage rate of 5. 7954 mills to fund the proposed budget for the fiscal year October 1, 2013 through September 30, 2014. ATTACHMENTS: FY 2013 - 14 Proposed Budget ( PDF) SIGNATURE BLOCK: Charlotte Dunworth Completed 08/ 05/ 2013 1: 44 PM Finance Completed 08/ 05/ 2013 3: 51 PM Carole Jones Completed 08/ 05/ 2013 4: 01 PM City Manager Completed 08/ 06/ 2013 10: 58 AM City Council Pending Page 4 of 4  5. 1. a Oe City of Fort Walton Beach Proposed Budget FY 2013 -14 Packet, , < 7  S -1 a City of Fort Walton Beach, Florida 107 Miracle Strip Parkway SW, Fort Walton Beach, FL 32548 850 -833 -9500 www.£ wb.org Citizens of Foil Walton Beach Cm- Clc6 Cir: I. P.,r,:< Fiomt: i>t Sv I I P.— nnm Fena ynre a1m. H mavP = mazes B. IN NSp ., i.:, rvem_ Von —Pavd tae d,Llev::- A Pemv, tinz WPmI I, Y' fmzh YnLmc KtPawl F11 @weemeo CMe £ v6rmuvt Fue SV}, mioc Pearenov C9nus 6,MZe1 Cmvnal CR. 1( DBG v.' emezvom iPmtrymovvg Ru_ r, PT. mnm Cnv lz Ene— z C— DBn 5m,c Fne lv: tecmn FlaelS Feailitln 1 H- 1—: PeLCme Ahx PLl 0L pimutrnwm - w<Reemvn zc aN Cemeun GnDCe COl4: om P.eryvvae C wdolionv 3nrr Fve Ednci, mn PLw C &! 1'-. P ids 31meum seem s 5iesn, nm e:& aH,v Tmusfm m iugF'mt hems GaIoc. h Oper.- 5d— 1 C— I.- DicnM Ra Gva, d, nozl L011e . e F— Ofi— On the Cover TBD Budget Availability Reference copies of the annual budget are available at the City Clerk' s Office and Library. The budget may also be viewed and printed from the City' s website: www, fwb. org. 8 keog. 8  5. a CITY OF FORT WALTON BEACH, FL FY 2013 -14 Budget Table of Contents Pace # City Council, Appointed Officers, & Directors . _... _ ............................ _.................. 3 Core Values, Vision, Mission .................................. .......... 4 City Manager' s Budget Message ........ .............................. ......... .................. 5 Executive Budget Summary ................................................ ............................... 12 Budget Overview FundStructure ....... _ _ ........................................ ............................... ......... 16 Budget Basis & Budget Process ............ _ .......................... _... _.............. 18 i1 Financial Policies ........................................... ............................... ............ 22 DebtSchedules ................................................. ............................... 29 Summary Budget Information Summary of Estimated Financial Sources & Uses .... _ ................ _.... ............. 30 Revenue Discussion ............. _...................... _.. ......... 34 Expenditure Discussion ............... ............................... 38 Personal Services.._ ................. ........................._..... / 43 Detail Information by Fund GENERAL FUND Fund Highlights ....... _ ........ ............................... ... ............................... 49 Revenues .................... ............................... ... .........