Fort Walton Beach Council agenda — 09-05-12 special budget-first ph — reading text

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, 2011. 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 are submitting it to GFOA to determine its eligibility for another award. City of Fort Walton Beach, FL 9  Executive Budget Summary Where the Money Comes From... And Where the Money Goes Budgeted Revenues: $ 33, 497, 609 Budgeted Expenditures: $ 33, 497, 609 Capital Ad Valorem OeM Service, Contlngencies, Reserves, Taxes, Improvements, 51, 404,303, 4% $ Other Taxes, 257, 090, 1% 245, 126, 1% $ 4, 803, 995, 14% 4, 863, 020, 14% Capital Outlay, Interfund Licenses & 757, 777 , 2% Culture & 2475 Reserves, 81, 083, 670, 3% Transfers, Permits, Recreation, 2, 448, 155, 7% 2, 336, 489, 7% 4, 144, 676, 12 %. Transfers, Interfund 2, 462, 683, 7% Interest & Misc, 548,482, 2% Community& — State Revenue Economic Dev., Fines, Forfeitures, Sharing & Other 1, 267, 158, 4% Government, General Inter l 3, 874, 466, 12% 110 0, 700, 0% 3, 146, 564, 9% Transportation, 1, 139, 634, 4% Stormwater Fees, J Recreation, 574, 000, 2 % Cemetery, Other Golf Club Fees, 1, 968, 497, 6% 7 Garbage Fees, 3, 301, 100, 10% Water & Sewer Fees, $ 8, 236,400 25% Fees, $ 915, 081, 3% Physical Environme 8, 496,224, Public Safety, 8, 362,428, 25% User Fees are the largest revenue source — 44. 8% - Physical Environment including water, sewer, for the City and generate $ 15. OM. Unlike taxes, stormwater, and cemetery operations comprises the these charges are directly related to the service largest expense to the City at $ 8. 5M or 25. 4 %. received and are collected for recreation & golf fire Public Safety includes the police and activities, water and sewer services, and garbage departments and totals $ 8. 4M or 25. 0 %. Declining collection. revenues necessitated a $ 1. 0M or 19. 0% cut in the Other Taxes total $ 4.9M and are the second largest police department budget, including 8 sworn revenue source at 14. 5% and include fuel tax, utility officers and 3 non -sworn positions. taxes, communication services tax, business tax Culture & Recreation totals $ 4. 1M or 12. 4% for receipts, and insurance premium tax for police and parks & recreation programs and facilities, senior fire pensions. center, library, museums, and golf courses. Property Taxes are the City' s third largest source of revenue at $ 4. 8% or 14. 3% of revenues. BUDGETBUDGET SUMMARYSUMMARY FY 2012 -13 FY 2011 -12 VarianceVariance Variance General Fund 16, 801, 950 17, 399, 021 597,597, 071071 3. 4% Law Enf. Trust Fund 16,16, 500500 13, 275 3,3, 225225 24.24. 3%3% Law Enf. Training 7, 000 10, 000 3,3, 000000 30. 0% FBC Fund 263, 444 0 263, 444 100. 0% CDBG Fund 124, 541 126, 575 2, 034 1. 6% CRA Fund 1, 326, 101 1, 416, 522 90,421 6. 4% Debt Service Fund 476, 277 455, 644 20, 633 4.5% Utilities Fund 8, 489, 269