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

K 0N Communication Services Tax — This tax was cre d4F'Y 2001 -02 as a Flat tax rate for all LL communication services. The Department of fleets the tax from vendors and remits the appropriate amounts to Ioeal jurisdiction ffice of Economic and Demographic Research ( EDR) provides revenue estimates es and counties. Based on information from EDR, $ 1. 5M is budgeted ( 4. 4% of to v s). This revenue stream has been declining as more consumers eliminate land lines rvice providers bundle taxable services with non- taxable services, thereby elimm pay at of the tax. Half -Cent Sales Tax — Tate-shared revenue distribution, antici 7777(( (0 generate approximately $ 1. 6M 4 total revenues, is derived from rte % t sales tax revenue and is the largest sou revenue sharing for local governments. Th revenue estimate, also published by the Office of Economic and Demographic Research ( EDR), is rebounding as the economy improves. IIUIL( m] vin Taa } Ip. I RFVrnuv 1- I Municipal Revenue Sharing — This is funded w. 10 .., Ilo- l .. nll - I_ m° cam by 1. 3409% of sales and use tax collections, •. y , 12. 5 % of state alternative fuel user decal collections, and the net collections from the one -cent municipal fuel tax. This revenue estimate is also published by the Office of Economic and Demographic Research ( EDR), and is budgeted at $ 715K, or 2. 1% of total revenues. EDR anticipates this revenue source to remain unchanged. Local Option Fuel Tax — These proceeds are allocated via a ten -year interlocal agreement between the county and municipalities based on transportation expenditures. Counties are authorized to levy up to 12 cents of local option fuel taxes in the form of three separate levies. The first is I cent; the City does not receive a portion of this. The second is 1 to 6 cents; the County levies the full 6 cents and the City receives 10. 884% based on the current interlocal agreement. The third is I to 5 cents; the County does not currently levy, but is considering doing f. "'7+dcket P9. 4t 16  F-5 -I- Revenues so. The City' s local option fuel tax proceeds for FY 2013 -14 are presently unknown, as they will depend on the outcome of interloeal agreement renewal negotiations currently underway, as well as how much, if any, additional tax the County levies. Interfund Transfers —Interfund transfers represent $ 1. 7M or 4. 9% of total revenues. The Debt Service Fund receives $ LOM from the General Fund for principal and interest payments. The Beal Memorial Cemetery Fund receives $ 30K from the General Fund ( 20% of lot sales) for investment for perpetual care. The General Fund receives $ 490K from the Utilities- Fund ( 6% of water & sewer fees) as a franchisehight -of -way access fee and $ 130K from the Sanitation Fund to compensate for additional roadway wear & tear caused by heavy sanitation [ rrtl Appropriation from Reserves — Use of fund balance ( governmental f s) q ^[i net assets enterprise funds) — accounts for $765K or 2. 2% of total revenues: a. General Fund — $70,590 from restricted fund balance ( Harvey Tm ding bequeathed to the City for library purposes) for storage cabinet, shelvin t d a/ c replacement; 154, 054 from unassigned fund balance for network firewall, lase he upgrade, four police vehicles, and additional lighting in fleet bays. b. Law Enforcement Trust Fund — $12, 785 from unassigne fu balance for meth lab cleanup and forefeimre legal fees. It is not likely this fullkmunt will be used, as a portion of forfeiture legal fees are offset by forfeiture proceedoltivIr are not typically budgeted.) c. Law Enforcement Training Fund — $ 1 d fund balance for accreditation assessment. d. Utilities Fund — $526, 041 from restric frsets ( renewal & replacement) for water line replacements, sewer system grout,^ and lift station rehab. P,. acket Pg. 45: 37  F- 5-1-- 7 Expenditures FY 2013 -14 Budgeted Expenditures 34,698, 451 Cater enc , Capital Outlay/ Debt Servi, lmpro n$ 2, 386994, 7& S261. 666, IT 2055019 6% Rescues. $ 399, 769. Culture Se Recreation 1` x 3, 843, 037, 11% .! Int, rhand Trzasfen 1 69331 2 Environment. $ 1, 122M4, 3% e55,499. sx Transportation, $ 1, 051, 074, 3% PM1ynlwl 6nvlromncn,. $ 9, 097281 W,U25. 927, 29% Physical Environment - Th t eqnWses $ 10. OM or 28. 9% of total expenses and se — includes cemetery operations and the following enterprise activities: water, sewer, stormwater, ae .... and garbage. These operations are self - t, sustaining since cemetery revenues exceed expenses and enterprise activities are funded by user fees rather than general revenues such as property taxes. The $ 297K or 3. 1 % increase in I this category is largely attributable to an 18% w increase in fees to dispose of garbage at the 1 - 1° Oonv1vv w.. a l °w° transfer station for further transport to a landfill. The City is adding a truck driver to expand its Ilu. 11 ' a"" commercial recycling program. The City' s agreement with the County for the treatment & disposal of wastewater includes a 3% adjustment each March. General operational adjustments to achieve a sustainable budget also contribute to the increase. xsss 11 Public Safety - This category includes police, . fire, code enforcement, and building inspection I' ll services and totals $ 9. 1M or 26. 2% of total expenses. The $ 317K or 3. 6% increase is ` a cxv attributable to reinstating the Police Chief' s w assistant, police and fire pension contributions, as ' well as general operational adjustments to achieve a sustainable budget. woo