Fort Walton Beach Council agenda — 03-19-12--special--audit — reading text

Original Final Actual Negative) REVENUES QccQ S Miscellaneous ii EXPENDITURES Debt service 211, 683 211, 683 211, 683 LCfdNiLl Principal Interest 243, 582 243, 582 243, 582 E0E0 377 377 377 Other debt service costs 455, 642 455. 642 455, 642 NONO TOTAL EXPENDITURES YLL EXCESS OF REVENUES OVER ( UNDER) 455, 642) 455. 642) 455, 642) EXPENDI HIRES OTHER FINANCING SOURCES ( USES) 455, 642 455. 642 455 333 309) Transfers in 309) 309) NET CHANGE IN FUND BALANCE 113, 816 113. 816 FUND BALANCE- BEGINNING OF YEAR S- S 1 13, 507 113, 507 FUND BALANCE - END OF YEAR y 8989 PacketPacket P120P120 '. '.  31 .a M THIS PAGE INTENTIONALLY LEFT BLANK.) et g. 2t  3. t. a NON -MAJOR FUND ENTERPRISE FUND Stormwater Fund Accounts for the operations and maintenance of the City's stormwater system. nNN Packe Rg._  F-3. a Statement D -I City of Fort Walton Beach, Florida NON -MAJOR PROPRIETARY FUNDS STATEMENT OF NET ASSETS September 30, 2012 St rnawater Fund ASSETS Current assets 480.285 Cash and cash equivalents 63, 928 Receivables, net 544. 213 Total current assets Capital assets, net 28, 532 Nan -depreciable 915, 274 Depreciable, net 943. 806 Total capital assets 1 , 488. 019 TOTAL ASSETS LIABILITIES Current liabilities S 28, 833 Accounts payable Accrued liabilities 3, 063 Compensated absences 12. 367 Wages 3. 043 Other 47, 306 Total current liabilities Non -current liabilities Accrued liabilities 9, 188 Compensated absences 2, 460 Other post -employment benefits 11, 648 Total non- cwTent liabilities 58, 954 TOTAL LIABILITIES NET ASSETS Invested in capital assets, net ofrelated debt Unrestricted 943. 259 485, 806 1 429. 065 TOTAL NET ASSETS 90 P etP.{(.123  3. 1. a Statement D -2 City of Fort Walton Beach, Florida NON -MAJOR PROPRIETARY FUNDS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS September 30, 2012 Sturmwater Fund OPERATING REVENUES S 577. 706 Charges for services OPERATING EXPENSES 207727 Personal services 216, 849 Operating 71635 Depreciation ,'annorlizatiun expense 497211 TOTAL OPERATING EXPENSES 80, 495 OPERATING INCOME NON -OPERATING REVENUES ( EXPENSES) 3. 558) Gain ( loss) on disposal of capital assets 965 Unrealized gain ( loss) on investinent 59) Realized gain ( loss) on invesOnent 2, 334 Interest 2, 816 Miscellaneous 1498 TOTAL NON- OPERATING REVENUES ( EXPENSES) 82, 993 INCOME ( LOSS) BEFORE CONTRIBUTIONS AND OPERATING TRANSFERS CONTRIBUTIONS AND TRANSFERS 27. 502 Capital grants and contributions 17, 147) Transfer out 10, 355 TOTAL CONTRIBUTIONS AND TRANSFERS 93, 348 CHANGE IN NET ASSE IS 1, 335, 717 NET ASSETS - BEGINNING OF YEAR 1 429, 065 NETASSETS - ENDOFYEAR 91 Packet Pf0lA24  3. 1. a Statement D -3 City of Fort Walton Beach, Florida NON -MAJOR PROPRIETARY FUNDS STATEMENT OF CASH FLOWS September 30, 2012 n v Stomia'ater mu Fund c CASH FLOWS FROM OPERATING ACTIVITIFS S 537, 323 Receipts from customers and users 187, 007) Pavments to suppliers 2 03, 102) Payments to employees 2. 816 Qe Miscellaneous income a 150. 030 Net cash provided by operating activities mca CASH FLOWS FROM NON -CAPITAL