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Okaloosa County
Board of County Commissioners
Six-Month Financial Analysis
Fiscal Year 2015
Table of Contents
Title Page
Six-Month Budget/Actual Comparison 1
Total Cash Comparison - Fund Report 7
Individual Fund Analysis 9
Total Budget Fund - Departmental Revenue Report 22
Total Budget Fund - Departmental Expenditure Report 30
Amended Fund Budget 39
Major Revenues Trends, History & Projections 40
Annualized Fund Comparison 41
Six-Month Budget/Actual Comparison
Actual Revenues - March 2015
Other Sources ,
$28,951,798
Taxes, $49,999,944
Miscellaneous Revenue,
$4,512,467
Fines & Forfeitures,
$127,578
Charges for Services, Licenses & Permits,
$37,444,831 $1,408,321
1 Intergovernmental
Revenue, $14,532,672
Sources Budget Revenue %
Taxes $71,768,352 $49,999,944 69.67%
Licenses & Permits $2,156,446 $1,408,321 65.31%
Intergovernmental Revenue $50,924,698 $14,532,672 28.54%
Charges for Services $81,229,832 $37,444,831 46.10%
Fines & Forfeitures $217,612 $127,578 58.63%
Miscellaneous Revenue $13,003,624 $4,512,467 34.70%
Other Sources * $35,518,835 $28,951,798 81.51%
Total $254,819,399 $136,977,611 53.75%
Other Sources $152,342,054
Less Cash $116,823,219
* Adjusted for Cash $35,518,835
Budget vs. Actual Revenues
March 2015
Taxes 50.0
71.8
Licenses & Permits 1.4
2.2
Intergovernmental Revenue 14.5
50.9
Charges for Services 37.4
81.2
0.1
Fines & Forfeitures
0.2
Miscellaneous Revenue 4.5
13.0
29.0
Other Sources
35.5
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100
Millions
2
Revenues Budget
Sources Budget Revenue %
Taxes $71,768,352 $49,999,944 69.67%
Licenses & Permits $2,156,446 $1,408,321 65.31%
Intergovernmental Revenue $50,924,698 $14,532,672 28.54%
Charges for Services $81,229,832 $37,444,831 46.10%
Fines & Forfeitures $217,612 $127,578 58.63%
Miscellaneous Revenue $13,003,624 $4,512,467 34.70%
Other Sources * $35,518,835 $28,951,798 81.51%
Total $254,819,399 $136,977,611 53.75%
Other Sources $152,342,054
Less Cash $116,823,219
* Adjusted for Cash $35,518,835
Actual Expenses - March 2015
Personal Services,
Non-Operating Expenses, $22,081,942
$29,716,141
Grants & Aids, $2,823,620
Debt Service, $4,974,184
Operating Expenses,
$33,171,045
Capital Outlay,
$17,226,591
3
Sources Budget Expenses %
Personal Services $49,910,327 $22,081,942 44.24%
Operating Expenses $88,311,560 $33,171,045 37.56%
Capital Outlay $100,393,021 $17,226,591 17.16%
Debt Service $15,888,425 $4,974,184 31.31%
Grants & Aids $4,839,925 $2,823,620 58.34%
Non-Operating Expenses * $48,508,503 $29,716,141 61.26%
Total $307,851,761 $109,993,523 35.73%
Non-Operating Expenses $112,299,360
Reserve for Contingencies $63,790,857
* Adjusted for Reserves $48,508,503
Budget vs. Actual Expenses
March 2015
22.1
Personal Services
49.9
33.2
Operating Expenses
88.3
17.2
Capital Outlay
100.4
5.0
Debt Service
15.9
2.8
Grants & Aids
4.8
29.7
Non-Operating Expenses
48.5
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110
4
Millions
Expenses Budget
Sources Budget Expenses %
Personal Services $49,910,327 $22,081,942 44.24%
Operating Expenses $88,311,560 $33,171,045 37.56%
Capital Outlay $100,393,021 $17,226,591 17.16%
Debt Service $15,888,425 $4,974,184 31.31%
Grants & Aids $4,839,925 $2,823,620 58.34%
Non-Operating Expenses * $48,508,503 $29,716,141 61.26%
Total $307,851,761 $109,993,523 35.73%
Non-Operating Expenses $112,299,360
Reserve for Contingencies $63,790,857
* Adjusted for Reserves $48,508,503
Total Budget Fund Comparison
Six Months - FY2014 to FY2015
FY 2014 (at 03-31) FY 2015 (at 03-31) FY14 Rev FY15 Rev FY14 Exp FY15 Exp
Fund Description Budget Revenues Expenses Budget Revenues Expenses % Budget % Budget % Budget % Budget
001 General Fund $95,403,238 $52,624,347 $42,660,689 $95,698,609 $56,317,899 $47,833,854 55.16% 58.85% 44.72% 49.98%
GENERAL FUND $95,403,238 $52,624,347 $42,660,689 $95,698,609 $56,317,899 $47,833,854
101 County Transportation Trust Fund $10,490,402 $3,810,020 $4,125,450 $12,664,448 $4,094,410 $4,354,638 36.32% 32.33% 39.33% 34.38%
104 Tourist Development Fund $36,713,969 $2,632,207 $4,801,752 $41,401,299 $3,364,517 $4,212,818 7.17% 8.13% 13.08% 10.18%
105 Natural Disaster Fund $683,399 $209 $0 $0 $1,077,461 $95,917 0.03% N/A 0.00% N/A
106 S.H.I.P. Fund $837,463 $532,233 $66,480 $1,093,748 $801,119 $107,137 63.55% 73.25% 7.94% 9.80%
108 E-911 Operations Fund $2,428,883 $451,827 $575,337 $2,458,318 $482,972 $1,196,285 18.60% 19.65% 23.69% 48.66%
109 Radio Communications Fund $177,218 $37,319 $56,890 $217,822 $56,596 $60,775 21.06% 25.98% 32.10% 27.90%
110 Law Enforcement Trust Fund $37,370 $15,536 $11,925 $15,887 $10,174 $11,000 41.57% 64.04% 31.91% 69.24%
111 Police Academy Fund $83,733 $9,733 $20,774 $42,525 $13,301 $2,823 11.62% 31.28% 24.81% 6.64%
112 County Public Health Unit $646,604 $574,216 $268,904