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

benefits to offset required contribution increases c. Police officer pension — the City' s contribution rate increases from 39. 041% to 43. 6% per the actuarial analysis, resulting in a S67K or 10% budget increase avr. nwmw. 00 e. ri Packet Py. 77  F- 5 .1. a City Manager' s Budget Message d. Firefighter pension — the City' s contribution rate increases from 36. 347 % to 37. 843% per the actuarial analysis, resulting in a $ 27K or 7% budget increase 3. The following computer replacements are budgeted at a total cost of $ 77K; IT replacement schedule on pages 165 -169. a. General Fund —firewall, laserfiche, various laptops and desktops b. Utilities Fund —various laptops and desktops 4. The following vehicle and equipment replacements are budgeted at a total ost of $ 729K; fleet replacement schedule on pages 170 -173. a. General Fund — 8 patrol vehicles ( 4 of which are funded from reserve o e ch up from prior year deferments), 2 % 2 -ton trucks, 12/4 - ton truck, 1 SUV e , 1 ilityyb ruck b. Utilities Fund —3'/ 2 - ton trucks, I 1 - ton crew cab truck c. Sanitation Fund— 1 residential sideloader d. Stormwater Fund — 1 1 - ton crew cab truck 5. The following capital improvement projects are bud% red a a total cost of $615K. More detailed information is available on pages 174 -213. Recurring a. Utilities Fund— Water Line Replacemen , ystem Grouting & Lining Non -Recurring a. General Fund —Hooper Driv b. Utilities Fund —Lift Sta ~ eha c. Stormwater Fund —Ho a storm drainage 6. Certain capital improA fAV projects, grants, and/ or purchases that were authorized, budgeted, and a "' to by City Council in a prior fiscal year but are incomplete as of September 30 ar'NEarFed forward into the new fiscal year. These special projects and purchase order enc'Whbrances are identified in the budget resolution at the end of the document. ACKNOWLEDGEMENTS Preparation of this budget would not have been possible without the efficient and dedicated services of Finance Director Brandy Ferris and Budget & Grants Manager Charlotte Dunworth. I would like to express my appreciation to all Department Directors and staff who assisted and contributed to the preparation of this budget. I would also like to thank the Mayor and City Council for their commitment to conducting the financial operations of the City of Fort Walton Beach in a responsible and progressive manner. Sincerelyy,, Michael D. Beedie City Manager C. r fF- 1 oB — h FL  5. 1. a City Managees Budget Menage d GOVERNMENT FINANCE OFFICERS ASSOCI, 1 m is Distinguished B u dget P resen t ea` Award, a 1" ESENTE6 ,> d W City of Fort r Beach N da v m For fit year Beginning m 7C 0dober 1, 2012 1 a P 33 c,trk - . P ialir a0 0 The Government Finance Officers Association of the United States and Canada ( GFOA) presented a Distinguished Budget Presentation Award to the City of Fort Walton Beach, Florida for its annual budget for the fiscal year beginning October 1, 2012. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communication device. This award is valid for a period of one year only We believe our current budget continues to conform to program requirements, and we aresubmining it to GFOA to determine its eligibility for another award. payket Pg. 79  5. 1. a Executive Budget Summary Where the Money Comes From... And Where the Money Goes Budgeted Revenues: $ 34, 698, 451 Budgeted Expenditures: $ 34, 698, 451 User Fees are the largest revenue source for the Physical ; rnXiirdnment including water, sewer, City at 43. 8% and generate $ 15. 2M. Unlike taxes, garbage, storilkwater, and cemetery operations these charges are directly related to the service e mpriM& the largest expense to the City at received and are collected for recreation & golf activities, water and sewer services, and garbage, Safety includes police, fire, code collection. ent, and building inspection and totals Ad Valorem ( Property) Taxes are the Cit}16 1M or 26. 2% of expenses. second largest revenue source at $ 6. 2M or Culture & Recreation totals $ 3. SM or 11. 1% of revenues. Property taxes fund essenti es expenses and includes parks & recreation programs such as police, fire, planning, & code e1 rct nt. and facilities, senior center, library, museums, and Other Taxes total $ 4. 8M and are t t largest golf courses. This category is down $ 354K or 8. 4% from the prior year in large part due to golf revenue source at 14.0% and inclqft tax, utility taxes, communication se ta business tax club operations being moved to the General Fund. receipts, and insurance rm x for polio and fire pensions. BUDGET SUMMARY FY 2013 -14 FY 2012 -13 Variance General Fund 18, 342, 103 15,366, 623 2, 975, 480 Law Ent. Trust Fund 16, 500 16, 500 0 Law Ent. Training 8, 625 7, 000 1, 625 FBC Fund 289, 245 263, 444 25, 801 CDBG Fund 117, 639 124, 541 6, 902 CRA Fund 1, 573, 391 1, 326, 101 247, 290 1818 Debt Service Fund 1, 037, 278 476, 277 561, 001 117117 Utilities Fund 9, 025, 745 8, 442, 558 583, 187 Sanitation Fund 3, 623, 635 3, 315, 600 308, 035 Golf Fund 0 2, 065, 927 2, 065, 927 Storme, ater Fund 597, 290 575, 400 21, 890 Beal Memorial Fund 67, 000 35, 6 31, 400 GRAND TOTAL 34, 698,451 32, 015, 571 2, 682, 880 PagltetPagltet Pg.Pg. 1212  5. 1. a Executive Budget Summary Operating Budget Capital Budget 32,643, 432 2, 055, 019 12 51. 2. 1 10 s10W S8 SX011 fi 5600 Saul s.) 10 nl