Fort Walton Beach Council agenda — 05-17-11 special — reading text

ml Emetlewa L09%atlm- ' N Similarly, the Enterprise funds have restricted ( e.g. debt service, impact fees) and unrestricted purpose unidentified; available for use) net assets. The measure of financial health for the enterprise funds is net assets. So long as net assets are not negative, these funds are self- supporting TH Mr assets. GO GW aloalo st5st5 BB 55 SiSi oo F FF W0 EOEO 55 W3 299607 240] - OB 299099 2009 -0 e010 -11 2ooeo] 200] 11 eeoeuv " I' ll of floe ' c a1 — TOte4 Neof Packat Pg. 9  3. t. a FY 2011 -12 Budget Policy Meeting EXPENSE SUMMARY FY 2010 -11 Budgeted Expenses 35, 708, 090 Public Sal ely 24. 2% Physical Env hoommal 21. 9% Government GenerN 19, 4% Transport: 3. 1 % Contosgendes & Res Economic 0 8tv Inleond l Sae Da s 9% Capital Capital Oula Calms fl Developme 3 ]b° Transi as Improvements 2 5% recreation 6 po 10. 1, 11. 2% AsAs aa fullfull- - serviceservice government,government, employees employees areare thethe City'City' ss mostmost importantimportant assetasset inin providingproviding policepolice andand firefire protection;protection; culturalcultural andand recreationalrecreational facilitiesfacilities andand programs;programs; planningplanning andand zoningzoning services;services; infrastructureinfrastructure maintenancemaintenance andand constructionconstruction suchsuch asas streets,streets, sidewalks,sidewalks, andand cemeteries;cemeteries; andand utilitiesutilities suchsuch asas water,water, wastewater,wastewater, stormwaterstormwater management,management, andand garbagegarbage andand recyclingrecycling collection.collection. AsAs thethe followingfollowing graphsgraphs illustrate,illustrate, publicpublic safetysafety wageswages andand benefitsbenefits ( ( policepolice & & fire)fire) consumeconsume thethe entireentire amountamount ofof thethe GeneralGeneral Fund'Fund' ss twotwo largestlargest revenue revenue sourcessources ( ( adad valoremvalorem & & otherother taxes).taxes). Do'Do' cc aa P.P. PenaesPenaes alyv,alyv, aeae Fme°Fme° sassas 1616 66 ININ GeneralGeneral FUntlFUntl • • Enierplse Enierplse FunFun OSOS 01n01n eiei FUntlsFUntls • • PersonnelPersonnel • • OperalvgOperalvg , , GapilelGapilel 9al19al1 EE 5656 SaSa 22 oo EE EE i inin 3 N m NN UU WagesWages — — TheThe numbernumber ofof fullfull - - timetime equivalentequivalent ( ( FT8)FT8) ee A111111111A111111111 lrselrse ee eeaeea rterte mm, , ee positionspositions decreaseddecreased byby 75.75. 7575 FFE'FFE' ss oror 20.20. 3%3% overover thethe 1l61l6 pastpast fivefive years,years, andand wageswages expense expense fellfell byby$ $ 2.2. OMOM oror e° e° 14.14. 66%% p.p. CityCity Council'Council' ss earlierearlier commitmentcommitment toto publicpublic safetysafety hashas offsetoffset aa portionportion ofof thethe salarysalary savingssavings fromfrom 6,6, ff positionposition eliminations.eliminations. ItIt isis alsoalso aa factorfactor inin thethe City'City' ss a%a% increasedincreased pensionpension contributions.contributions. ToTo ensureensure aa ow-ow- sustainablesustainable budget,budget, nono wagewage adjustmentsadjustments areare forecastforecast ee sysy ampamp coscos awemawem mmilmmil