Fort Walton Beach — Comprehensive Financial Report September 30, 2017 — reading text

BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ - $ 28,324 $ 20,146 $ (8,178) Fines - - 3,748 3,748 Miscellaneous 2,309 2,309 1,261 (1,048) Total revenues 2,309 30,633 25,155 (5,478) EXPENDITURES Current Public safety 2,309 75,998 121,365 (45,367) Capital outlay - 65,464 8,970 56,494 Total expenditures 2,309 141,462 130,335 11,127 NET CHANGE IN FUND BALANCE - (110,829) (105,180) 5,649 FUND BALANCE AT BEGINNING OF YEAR - 110,829 225,444 114,615 FUND BALANCE AT END OF YEAR $ - $ - $ 120,264 $ 120,264 97  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, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Fines $ 7,100 $ 7,100 $ 4,918 $ (2,182) Miscellaneous 97 97 - (97) Total revenues 7,197 7,197 4,918 (2,279) EXPENDITURES Current Public safety 7,197 7,197 4,429 2,768 NET CHANGE IN FUND BALANCE - - 489 489 FUND BALANCE AT BEGINNING OF YEAR - - 88 88 FUND BALANCE AT END OF YEAR $ - $ - $ 577 $ 577 98  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, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Permits and fees $ 329,444 $ 329,444 $ 409,920 $ 80,476 Miscellaneous 3,973 13,547 1,898 (11,649) Total revenues 333,417 342,991 411,818 68,827 EXPENDITURES Current Public safety 432,964 432,964 416,683 16,281 Capital outlay 700 700 - 700 Total expenditures 433,664 433,664 416,683 16,981 NET CHANGE IN FUND BALANCE (100,247) (90,673) (4,865) 85,808 FUND BALANCE AT BEGINNING OF YEAR 100,247 90,673 310,916 220,243 FUND BALANCE AT END OF YEAR $ - $ - $ 306,051 $ 306,051 99  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, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ 112,646 $ 358,833 $ 246,186 $ (112,647) EXPENDITURES Current Economic environment 216,212 462,399 254,125 208,274 Capital outlay 149,011 149,011 - 149,011 Total expenditures 365,223 611,410 254,125 357,285 NET CHANGE IN FUND BALANCE (252,577) (252,577) (7,939) 244,638 FUND BALANCE AT BEGINNING OF YEAR 252,577 252,577 2,078 (250,499) FUND BALANCE (DEFICIT) AT END OF YEAR $ - $ - $ (5,861) $ (5,861) 100  CITY OF FORT WALTON BEACH, FLORIDA BEAL MEMORIAL CEMETERY PERPETUAL CARE SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Miscellaneous $ 26,500 $ 26,500 $ 283,618 $ 257,118 EXPENDITURES Current Physical environment 12,200 12,643 13,124 (481) DEFICIENCY OF REVENUES OVER (UNDER) EXPENDITURES 14,300 13,857 270,494 256,637 OTHER FINANCING SOURCES (USES) Transfers in 35,000 35,000 21,760 (13,240) Transfers out (22,350) (23,318) (20,217) 3,101 Total other financing sources (uses) 12,650 11,682 1,543 (10,139) NET CHANGE IN FUND BALANCE 26,950 25,539 272,037 246,498 FUND BALANCE AT BEGINNING OF YEAR - - 2,467,828 2,467,828 FUND BALANCE AT END OF YEAR $ 26,950 $ 25,539 $ 2,739,865 $ 2,714,326 101  CITY OF FORT WALTON BEACH, FLORIDA DEBT SERVICE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2017 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Miscellaneous $ - $ - $ - $ - Total revenues - - - - EXPENDITURES Debt service Principal 729,739 729,739 682,229 47,510 Interest 316,705 316,705 308,474 8,231 Total expenditures 1,046,444 1,046,444 990,703 55,741 DEFICIENCY OF REVENUES OVER (UNDER) EXPENDITURES (1,046,444) (1,046,444) (990,703) 55,741 OTHER FINANCING SOURCES (USES) Transfers in 1,046,444 1,046,444 990,703 (55,741) NET CHANGE IN FUND BALANCE - - - - FUND BALANCE AT BEGINNING OF YEAR - - 21,156 21,156 FUND BALANCE AT END OF YEAR $ - $ - $ 21,156 $ 21,156 102  City of Fort Walton Beach, Florida SCHEDULE 1 NET POSITION BY COMPONENT Last Ten Fiscal Years (full accrual basis of accounting) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Governmental Activities Net investment in capital assets $ 21,095,355 $ 20,563,790 $ 20,605,683 $ 24,756,705 $ 25,379,050 $ 23,531,576 $ 24,866,399 $ 27,443,877 $ 27,791,054 $ 27,347,098 Restricted Debt service 91,713 91,713 92,880 113,816 113,507 21,156 25,449 25,449 21,156 21,156 System improvements - - - - - - - Capital projects - - - - - - - - - - Improvement Districts - - - 4,212,984 3,736,100 3,833,430 4,073,364 1,874,265 1,437,363 1,552,484 Public safety 307,983 254,409 269,600 268,820 262,648 462,375 565,946 507,625 536,448 426,892 Perpetual care - expendable 1,877,086 1,869,558 1,898,445 - - - - - - - Other purposes 473,655 463,168 477,194 234,568 194,193 177,129 172,630 187,575 165,895 93,456 Unrestricted 9,821,155 9,347,576 8,975,046 12,666,165 11,487,979 9,329,608 10,700,661 159,868 2,158,813 (1,447,438)