Fort Walton Beach Council agenda — 09-06-06 ‎(special-budget)‎ — reading text

Tier A Obiectives BRAC Planning n/ a Bridge Discussions Tier B Obiectives Tier B Obiectives Public TV Channel Annexation Strategy Comprehensive Plan/ Land Use Review Tier C Obiectives Youth Involvement n/ a Public Opinion Survey Tier D Obiectives Employee Recruitment & Retention n/ a Employee Referral Bonus Tier C Objectives Ladder Trucks in Emergencies Teleconferencing for Council Quasi- Judicial Hearings City Board Attendance Code Board Decision Process Tier D Obiectives n/ a 6  Strategic Plan Tier A - Priority Tier B - Highly Important Tier C - Research Tier D - Do Not Pursue Addt'1 Resources if Needed Current Resources As Resources Allow No Funding Lona- Term Goals within next three to five years) iO Effective & Efficient Services PI:"' f,:~ ... ~~. Community Quality & Infrastructure Disaster Tier A Objectives Tier A Objectives n/ a n/ a Tier B Objectives Tier B Objectives n/ a Facility Hardening Tier C Objectives Tier C Objectives Aging Population Services Relocate EOC Senior Center Tier D Objectives Tier D Objectives Relocate City Hall n/ a Community Quality & Infrastructure Development Financial ~ Tier A Objectives Tier A Objectives n/ a n/ a Tier B Objectives Tier B Objectives Development Incentives Reclaimed Water Master Plan Density Bonuses Tier C Objectives Tier C Objectives Branch Library n/ a Median Beautification Tier 0 Objectives Tier D Objectives n/ a Budget La, Med, Hi Scenarios - All Funds Internal Improvements Internal Improvements Intergovernmental Internal Tier A Objectives Tier A Objectives nJa n/ a Tier B Objectives Tier B Objectives Countywide Community Vision Plan 2025 Role of Boards Tier C Objectives Tier C Objectives nJa Electric Utility Ownership Tier 0 Objectives Master Plan for Vacant Land Fire Department Consolidation LED Lighting Police Department Consolidation Tier D Objectives Hiring/ Firing Authority of Police Chief Authority of CRA Board Term Limits for Board Members Role of Charter Officers In order to clearly illustrate the translation of these goals and priorities within the budget, icons are used throughout the department objectives and capital improvements program as a visual reminder of the importance of Vision and Strategic Plans. 7  Distinguished Budget Presentation Award The Government Finance Officers Association ( GFOA) of the United States and Canada presented an award of Distinguished Budget Pre~sentation to the City of Fort Walton Beach for its annual budget for the fiscal year beginning October 1, 2005. In order to receive this awmd a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial and as a communication device. plan, The 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 for another award. eligibility GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished E~u dg~ t Presen fa tion Award PRESENTED TO City of Fort Walton Beach Florida For the Fiscal Year Beginning October 1, 2005 f:, h President Executive Director 8 City Manager' s Budget Message September 1, 2006 Honorable Mayor, City Council Members and Citizens: It is my pleasure to submit this fiscal year 2006- 07 municipal budget. The fundamental mission of the City of Fort Walton Beach is to provide the most efficient, progressive, and comprehensive array of municipal services possible within the constraints of fiscal responsibility. It is a great source of civic pride that, despite unfunded State mandates, inflation, and augmented City service levels, the ad valorem tax rate can be maintained at 4. 9700 mills for the thirteenth consecutive year. The complete FY 2006- 07 budget is balanced at $ 37, 679, 830, representing an increase of 12. 9% or $ 4, 295, 205 over the FY 2005- 06 budget. The budget offers more than just financial elements - it presents an overview of the City' s total operations. This document is intended to provide City Council and our citizens with a plan addressing financial, operational, and policy issues. Capital projects will carry forward the available appropriation in ensuing budget years for the life of the capital project until it is completed. The budget serves as a: Policv Document - The budget presents financial policies, addresses Vision and Strategic Plan goals, and identifies the short and long- term impacts programmatic and service level changes will have on the City' s operations. Financial Plan - The budget outlines the financial structure and operational changes required for financial stability, including the capital improvements program and debt management information. Operations Guide - The budget provides direction to departments by identifying the relationships between organizational units and programs, identifying the workforce and historical data on operations, identifying the impact of capital spending, and establishing measurable performance goals and objectives for managers to evaluate the effectiveness of their organization. Communication Device - The budget is presented in a format that is easily understood through the use of charts and graphs, icons, statistical information, and narrative descriptions. ECONOMIC INDICATORS NATIONAL ECONOMY lid. Consumer Price Index Consumer Confidence Index Help Wanted Advertising Index LOCAL ECONOMY Retail Sales Housing Affordability Unemployment Rate Note: arrow indicates direction of performance and color denotes whether change has a positive ( green) or negative ( red) economic impact.* National and local economic indicators are useful for evaluating the framework within which the City of Fort Walton Beach operates. The Consumer Price Index ( CPI) - prepared by the US Bureau of Labor Statistics and the most widely used gauge of inflation - is 4. 1 % higher than a year ago. The Consumer Confidence Index - prepared by The Conference Board based on a representative sample of US households - reached a four-year high back in April. The Help Wanted Index - also prepared by The Conference Board and measuring job offerings in major newspapers across the country - is 15.4% lower than a year ago. Our local economy by and large follows the national economy. Retail Sales - as reported by the Haas Center for Business Research and Economic Development - are 8. 1 % higher than the previous year City of Fort Walton Beach, FL 9 City Manager' s Budget IMessage despite rising short- term interest rates and high energy prices. The affordability of housing - as reported by the Haas Center - n3mains 3.4% lower than a year ago. The median price of a home in the Fort Walton Beach area is $ 233, 600. The standard definition of housing affordability is that the cost of buying a house uses less than 30% of annual household income.