Fort Walton Beach — Annual Comprehensive Financial Report, September 30, 2025 — reading text

- 57,617 Total revenues 26,884 4,830 680,773 121,027 - 833,514 EXPENDITURES Current Public safety 10,026 - 577,455 - - 587,481 Economic environment - - - 121,027 - 121,027 Total expenditures 10,026 - 577,455 121,027 - 708,508 NET CHANGE IN FUND BALANCE 16,858 4,830 103,318 - - 125,006 FUND BALANCE (DEFICIT) - AS PREVIOUSLY REPORTED 156,063 36,037 1,538,083 (8,782) 4,667,003 6,388,404 ADJUSTMENT - CHANGE FROM NONMAJOR TO MAJOR FUND - - - - (4,667,003) (4,667,003) FUND BALANCE (DEFICIT) - BEGINNING OF YEAR 156,063 36,037 1,538,083 (8,782) - 1,721,401 FUND BALANCE (DEFICIT) AT END OF YEAR $ 172,921 $ 40,867 $ 1,641,401 $ (8,782) $ - $ 1,846,407 97  CITY OF FORT WALTON BEACH, FLORIDA LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2025 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ - $ 4,766 $ 1,778 $ (2,988) Fines - - 17,533 17,533 Miscellaneous 300 300 7,573 7,273 Total revenues 300 5,066 26,884 21,818 EXPENDITURES Current Public safety 8,202 25,468 10,026 15,442 NET CHANGE IN FUND BALANCE (7,902) (20,402) 16,858 37,260 FUND BALANCE AT BEGINNING OF YEAR 7,902 20,402 156,063 135,661 FUND BALANCE AT END OF YEAR $ - $ - $ 172,921 $ 172,921 98  CITY OF FORT WALTON BEACH, FLORIDA LAW ENFORCEMENT TRUST TRAINING SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2025 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Fines $ 4,000 $ 4,000 $ 3,651 $ (349) Miscellaneous - - 1,179 1,179 Total revenues 4,000 4,000 4,830 830 EXPENDITURES Current Public safety 4,000 4,000 - 4,000 NET CHANGE IN FUND BALANCE - - 4,830 4,830 FUND BALANCE AT BEGINNING OF YEAR - - 36,037 36,037 FUND BALANCE AT END OF YEAR $ - $ - $ 40,867 $ 40,867 99  CITY OF FORT WALTON BEACH, FLORIDA FLORIDA BUILDING CODE SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2025 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Permits and fees $ 711,000 $ 711,000 $ 631,908 $ (79,092) Miscellaneous 500 500 48,865 48,365 Total revenues 711,500 711,500 680,773 (30,727) EXPENDITURES Current Public safety 630,742 630,742 577,455 53,287 Capital outlay 2,180 2,180 - 2,180 Total expenditures 632,922 632,922 577,455 55,467 NET CHANGE IN FUND BALANCE 78,578 78,578 103,318 24,740 FUND BALANCE AT BEGINNING OF YEAR - - 1,538,083 1,538,083 FUND BALANCE AT END OF YEAR $ 78,578 $ 78,578 $ 1,641,401 $ 1,562,823 100  CITY OF FORT WALTON BEACH, FLORIDA COMMUNITY DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2025 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ 134,174 $ 134,174 $ 121,027 $ (13,147) EXPENDITURES Current Economic environment 239,044 239,044 121,027 118,017 NET CHANGE IN FUND BALANCE (104,870) (104,870) - 104,870 FUND BALANCE (DEFICIT) AT BEGINNING OF YEAR 104,870 104,870 (8,782) (113,652) FUND BALANCE (DEFICIT) AT END OF YEAR $ - $ - $ (8,782) $ (8,782) 101 III. STATISTICAL SECTION (UNAUDITED) This section of the City’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, and note disclosures say about the City’s overall financial health. Financial Trends These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. Revenue Capacity These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year.  City of Fort Walton Beach, Florida SCHEDULE 1 NET POSITION BY COMPONENT Last Ten Fiscal Years (full accrual basis of accounting) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Governmental Activities Net investment in capital assets $ 27,791,054 $ 27,347,098 $ 29,375,380 $ 28,280,342 $ 28,266,271 $ 28,034,343 $ 28,661,006 $ 29,022,371 $ 35,708,426 $ 40,721,488 Restricted Debt service 21,156 21,156 26 - 21,156 21,156 21,156 21,156 - - Redevelopment projects 1,437,363 1,552,484 1,812,525 1,691,456 3,060,014 4,133,412 5,234,216 6,225,881 5,232,266 5,171,206 Pension benefits - - - - - - - - - 268,637 Public safety 536,448 426,892 468,331 673,892 879,583 1,060,646 1,343,836 1,566,532 1,730,183 1,855,189 Other purposes 165,895 93,456 66,707 1,370,446 2,248,298 3,784,023 5,776,594 7,243,110 7,983,383 7,509,746 Unrestricted 2,158,813 (1,447,438) (2,667,720) (377,793) 4,171,642 8,279,303 8,070,651 10,278,765 10,115,793 7,393,334 Total governmental activities net position $ 32,110,729 $ 27,993,648 $ 29,055,249 $ 31,638,343 $ 38,646,964 $ 45,312,883 $ 49,107,459 $ 54,357,815 $ 60,770,051 $ 62,919,600 Business-Type Activities Net investment in capital assets $ 12,893,855 $ 13,818,340 $ 13,829,575 $ 13,678,160 $ 14,566,978 $ 14,023,752 $ 13,422,691 $ 15,556,733 $ 20,555,468 $ 23,383,823 Restricted Debt service 157,228 157,228 157,228 157,228 157,228 157,228 157,228 157,228 157,228 157,228 Pension benefits - - - - - -