Okaloosa County BOCC — May 17, 2013 — Balent Presentation — reading text

Committed Nonspendable $0.6 $0.9 1% 2% Restricted $35.9 Total: $49.9 million 72% Source: 2012 Comprehensive Annual Financial Report  General Fund – Fund Balance, Revenue and Expenditures General Fund Balance Unreserved Fund Balance Reserved Fund Balance $9 $0.31 $8 $7 $2.80 $6 $5 $4.15 Millions $4 $8.11 $0.37 $2.90 $3 $4.94 $2 $3.56 $2.87 $1 $1.88 $0 2008 2009 2010 2011 * 2012 * *Figures are not a true comparison to prior years due to adoption of GASB 54, which includes collapse of Fine and Forfeiture Fund. Source: 2012 Comprehensive Annual Financial Report  General Fund – Fund Balance, Revenue and Expenditures General Fund – Revenue and Expenditures Revenues and Other Financing Sources Expenditures and Other Financing Uses $88 $86 $84 $82 $80 Millions $78 $87.4 $86.6 $87.2 $76 $83.3 $82.6 $82.9 $80.3 $81.0 $74 $77.6 $72 $75.4 $70 $68 2008 2009 2010 2011 * 2012 * *Figures are not a true comparison to prior years due to adoption of GASB 54, which includes collapse of Fine and Forfeiture Fund. Source: 2012 Comprehensive Annual Financial Report  Property Tax Revenue Ad Valorem Property Tax Revenue $65 $60 $55 $50 $45 $40 $35 Millions $30 $60.0 $55.3 $25 $51.6 $47.4 $45.1 $20 $15 $10 $5 $0 2008 2009 2010 2011 2012 Source: 2012 Comprehensive Annual Financial Report  Governmental Activities – Revenue and Expenses Governmental Activities Revenue Fiscal Year 2012 ($ million) Transfers $0.7 0% Other Charges for Services $5.9 $25.7 5% 21% State Shared Revenues $17.0 14% Operating Grants and Contributions $8.4 7% Capital Grants and Contributions $6.2 Taxes 5% $58.8 48% Total: $122.7 million Source: 2012 Comprehensive Annual Financial Report  Governmental Activities – Revenue and Expenses Governmental Activities Expenses Fiscal Year 2012 Special Assessment Refund ($ million) $2.0 Interest 2% $1.7 General Government 1% $30.6 25% Court Related $6.6 5% Culture and Recreation $5.9 5% Human Services $4.4 4% Economic Environment $5.6 5% Transportation Public Safety $16.2 $46.4 13% 39% Physical Environment $0.9 Total: $120.3 million 1% Source: 2012 Comprehensive Annual Financial Report  Business-Type Activities – Revenue and Expenses Business-Type Activities Revenue Fiscal Year 2012 ($ million) Other $2.0 3% Taxes $6.8 9% Charges for Services Capital Grants and $54.2 Contributions 74% $10.3 14% Operating Grants and Contributions $0.3 0% Total: $73.6 million Source: 2012 Comprehensive Annual Financial Report  Business-Type Activities – Revenue and Expenses Business-Type Activities Expenses Fiscal Year 2012 Regional Sewer Investment ($ million) Loss $2.0 3% Transfers to Governmental Funds $0.7 Water & Sewer 1% $26.1 42% Other Programs $8.5 14% Conference Center $4.3 7% Solid Waste Airport $7.4 $12.9 12% 21% Total: $62.0 million Source: 2012 Comprehensive Annual Financial Report  Net Assets – Governmental Activities and Business-Type Activities The County’s Statement of Net Assets, or balance sheet, is a snapshot of its financial position at the end of the fiscal year. The statement summarizes that assets owned by the County and its liabilities or financial obligations. Net assets may serve over time as a useful indicator of improving or deteriorating financial position. For fiscal year 2012, assets exceeded liabilities by $434 million. Statement of Net Assets September 30, 2012 Governmental Business-Type ($ million) Total 2012 Total 2011 Activities Activities Assets Current assets $ 64.9 $ 78.3 $ 143.2 $