Fort Walton Beach — Comprehensive Annual Financial Report September 30, 2013 — reading text

Positive Original Final Actual (Negative) REVENUES Permits and fees $ 254,740 $ 254,740 $ 411,270 $ 156,530 EXPENDITURES Current operations Public safety 247,916 263,444 226,891 36,553 Capital outlay - - 1,262 (1,262) TOTAL EXPENDITURES 247,916 263,444 228,153 35,291 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 6,824 (8,704) 183,117 191,821 OTHER FINANCING SOURCES (USES) Transfers in 8,704 8,704 - (8,704) Transfers out (15,528) - - - TOTAL OTHER FINANCING SOURCES (USES) (6,824) 8,704 - (8,704) NET CHANGE IN FUND BALANCE - - 183,117 183,117 FUND BALANCE (DEFICIT) - BEGINNING OF YEAR - - - - FUND BALANCE (DEFICIT) - END OF YEAR $ - $ - $ 183,117 $ 183,117 83  Schedule C-4 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 Year Ended September 30, 2013 Budgeted Amounts Variance with Final Budget - Positive Original Final Actual (Negative) REVENUES Intergovernmental $ 124,541 $ 124,541 $ 55,412 $ (69,129) EXPENDITURES Current operations Economic environment 101,643 161,771 56,151 105,620 Capital outlay - 14,493 1,704 12,789 TOTAL EXPENDITURES 101,643 176,264 57,855 118,409 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 22,898 (51,723) (2,443) 49,280 OTHER FINANCING SOURCES (USES) Transfers out (22,898) - - - NET CHANGE IN FUND BALANCE - (51,723) (2,443) 49,280 FUND BALANCE (DEFICIT) - BEGINNING OF YEAR - 51,723 (302) (52,025) FUND BALANCE (DEFICIT) - END OF YEAR $ - $ - $ (2,745) $ (2,745) 84  Schedule C-5 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 Year Ended September 30, 2013 Budgeted Amounts Variance with Final Budget - Positive Original Final Actual (Negative) REVENUES Miscellaneous $ 6,000 $ 15,000 $ 48,795 $ 33,795 EXPENDITURES Physical environment - 9,000 8,642 358 EXCESS OF REVENUES OVER EXPENDITURES 6,000 6,000 40,153 34,153 OTHER FINANCING SOURCES (USES) Transfers in 29,600 29,600 38,526 8,926 Transfers out (1,000) (4,290) (3,290) 1,000 TOTAL OTHER FINANCING SOURCES (USES) 28,600 25,310 35,236 9,926 NET CHANGE IN FUND BALANCE 34,600 31,310 75,389 44,079 FUND BALANCE (DEFICIT) - BEGINNING OF YEAR (34,600) (31,310) 1,959,836 1,991,146 FUND BALANCE - END OF YEAR $ - $ - $ 2,035,225 $ 2,035,225 85  Schedule C-6 City of Fort Walton Beach, Florida DEBT SERVICE FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL Year Ended September 30, 2013 Budgeted Amounts Variance with Final Budget - Positive Original Final Actual (Negative) REVENUES Miscellaneous $ - $ - $ - $ - EXPENDITURES Debt service Principal 233,400 233,400 70,488 162,912 Interest 242,500 242,500 202,719 39,781 Other debt service costs 377 377 628 (251) TOTAL EXPENDITURES 476,277 476,277 273,835 202,442 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (476,277) (476,277) (273,835) 202,442 OTHER FINANCING SOURCES (USES) Transfers in 476,277 476,277 181,484 (294,793) NET CHANGE IN FUND BALANCE - - (92,351) (92,351) FUND BALANCE - BEGINNING OF YEAR - - 113,507 113,507 FUND BALANCE - END OF YEAR $ - $ - $ 21,156 $ 21,156 86  NON-MAJOR FUND ENTERPRISE FUND Stormwater Fund Accounts for the operations and maintenance of the City's stormwater system.  Statement D-1 City of Fort Walton Beach, Florida NON-MAJOR PROPRIETARY FUNDS STATEMENT OF NET POSITION September 30, 2013 Stormwater Fund ASSETS Current assets Cash and cash equivalents $ 535,464 Receivables, net 35,707 Total current assets 571,171 Capital assets, net Non-depreciable 28,532 Depreciable, net 871,079 Total capital assets 899,611 TOTAL ASSETS $ 1,470,782 LIABILITIES Current liabilities Accounts payable $ 6,384 Accrued liabilities Compensated absences 2,812 Wages 18,172 Other 2,777 Total current liabilities 30,145 Non-current liabilities Accrued liabilities Compensated absences 8,434 Other post-employment benefits 21,233 Total non-current liabilities 29,667 TOTAL LIABILITIES 59,812 NET POSITION Invested in capital assets, net of related debt 899,611 Unrestricted 511,359 TOTAL NET POSITION $ 1,410,970 87  Statement D-2 City of Fort Walton Beach, Florida NON-MAJOR PROPRIETARY FUNDS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the Year Ended September 30, 2013 Stormwater Fund OPERATING REVENUES Charges for services $ 591,196 OPERATING EXPENSES Personal services 286,977 Operating 258,553 Depreciation/amortization expense 66,432 TOTAL OPERATING EXPENSES 611,962 OPERATING INCOME (LOSS) (20,766) NON-OPERATING REVENUES (EXPENSES) Gain (loss) on disposal of capital assets 1,176 Unrealized gain (loss) on investment (1,022) Realized gain (loss) on investment (1,553) Interest 3,094 Miscellaneous 976 TOTAL NON-OPERATING REVENUES (EXPENSES) 2,671 INCOME (LOSS) BEFORE CONTRIBUTIONS AND OPERATING TRANSFERS (18,095) CONTRIBUTIONS AND TRANSFERS Transfer out - TOTAL CONTRIBUTIONS AND TRANSFERS - CHANGE IN NET POSITION (18,095) NET POSITION - BEGINNING OF YEAR 1,429,065 NET POSITION - END OF YEAR $ 1,410,970 88  Statement D-3 City of Fort Walton Beach, Florida NON-MAJOR PROPRIETARY FUNDS STATEMENT OF CASH FLOWS