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

1,562,995 1,678,395 1,791,455 1,943,966 2,135,639 1,672,741 1,543,310 1,570,038 1,592,150 1,631,665 Economic environment 210,649 199,284 313,153 335,185 127,355 266,132 98,996 545,242 707,603 1,090,025 Culture and recreation 2,712,947 2,754,947 2,989,900 3,115,151 3,097,289 3,028,285 2,944,221 2,677,051 2,880,815 2,715,977 Debt service interest 267,160 238,090 309,094 331,771 302,948 247,703 240,940 214,470 254,516 324,405 Total government activities 17,867,114 19,706,403 18,576,908 20,285,705 21,549,620 20,099,750 19,670,009 18,372,873 19,938,472 18,533,387 Business-type activities Utilities 4,403,421 4,938,340 5,329,682 5,859,301 5,809,192 5,474,550 6,725,349 9,162,926 7,017,160 7,644,240 Sanitation 2,738,742 2,945,209 2,888,403 3,008,205 2,609,129 2,493,357 2,466,881 2,524,994 2,741,266 3,163,638 Golf 2,596,450 2,603,460 2,631,289 2,780,632 2,547,992 2,479,804 2,203,739 2,199,453 2,012,165 2,023,186 Stormwater - - - - - 469,421 374,951 339,543 497,211 611,962 Total business-type activities 9,738,613 10,487,009 10,849,374 11,648,138 10,966,313 10,917,132 11,770,920 14,226,916 12,267,802 13,443,026 Total primary government expenses $ 27,605,727 $ 30,193,412 $ 29,426,282 $ 31,933,843 $ 32,515,933 $ 31,016,882 $ 31,440,929 $ 32,599,789 $ 32,206,274 $ 31,976,413 Program Revenues Governmental activities Charges for services General government $ 1,973,238 $ 2,108,169 $ 2,381,669 $ 2,456,663 $ 2,752,330 $ 2,921,887 $ 2,759,080 $ 2,556,270 $ 430,718 $ 409,983 Public safety 567,601 873,041 600,259 579,365 641,941 642,364 467,835 430,017 373,855 640,271 Physical environment 345,529 302,727 342,815 316,520 348,838 286,623 289,654 394,513 439,555 404,429 Transportation 102,068 68,402 72,815 241,622 93,987 87,654 83,586 104,776 118,067 122,275 Economic environment - - - - - - - 16,400 58,000 34,652 Culture and recreation 351,450 382,858 400,175 421,733 417,253 426,110 408,351 404,047 400,215 374,362 Debt service interest - - - - - - - - - - Operating grants and contributions 2,541,755 3,228,819 642,631 1,266,681 903,079 1,119,033 639,370 761,643 589,253 786,652 Capital grants and contributions 56,332 261,332 373,994 233,878 50,687 88,941 731,275 351,006 156,794 80,936 Total governmental activities program revenues 5,937,973 7,225,348 4,814,358 5,516,462 5,208,115 5,572,612 5,379,151 5,018,672 2,566,457 2,853,560 Business-type activities Charges for services Utilities 5,888,862 6,279,899 6,552,526 7,006,005 6,505,297 6,403,262 6,761,654 7,608,355 7,974,601 8,623,082 Sanitation 3,244,899 3,315,188 3,374,157 3,433,172 3,446,397 3,384,375 3,345,127 3,311,744 3,313,559 3,499,559 Golf 2,275,678 2,335,114 2,621,957 2,558,253 2,380,448 2,181,988 1,934,392 2,052,501 1,776,649 1,758,709 Stormwater - - - - - 654,346 626,903 481,854 577,706 591,196 Operating grants and contributions - - - - 39,403 - - 118,226 - 1,071 Capital grants and contributions 100,027 198,568 95,644 1,079,034 92,872 555,698 173,370 65,496 331,609 1,871,295 Total business-type activities program revenues 11,509,466 12,128,769 12,644,284 14,076,464 12,464,417 13,179,669 12,841,446 13,638,176 13,974,124 16,344,912 Total primary government program revenues $ 17,447,439 $ 19,354,117 $ 17,458,642 $ 19,592,926 $ 17,672,532 $ 18,752,281 $ 18,220,597 $ 18,656,848 $ 16,540,581 $ 19,198,472 Continued… 91  City of Fort Walton Beach, Florida SCHEDULE 2 CHANGES IN NET POSITION Last Ten Fiscal Years (full accrual basis of accounting) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Net (Expense)/Revenue Governmental activities $ (11,929,141) $ (12,481,055) $ (13,762,550) $ (14,769,243) $ (16,341,505) $ (14,527,138) $ (14,290,859) $ (13,354,201) $ (17,372,015) $ (15,679,827) Business-type activities 1,770,853 1,641,760 1,794,910 2,428,326 1,498,104 2,262,537 1,070,526 (588,740) 1,706,322 2,901,886 Total primary government net expense $ (10,158,288) $ (10,839,295) $ (11,967,640) $ (12,340,917) $ (14,843,401) $ (12,264,601) $ (13,220,333) $ (13,942,941) $ (15,665,693) $ (12,777,941) General Revenues and Other Changes in Net Position Governmental activities Taxes Property taxes $ 3,763,976 $ 3,913,016 $ 4,557,414 $ 5,180,212 $ 5,052,903 $ 4,631,028 $ 4,380,221 $ 4,482,819 $ 4,295,068 $ 4,175,136 Sales taxes 2,393,744 2,466,783 2,529,028 2,363,078 2,214,232 1,977,959 1,943,337 2,066,834 2,198,270 2,241,242 Utility service taxes 3,163,325 3,690,239 4,006,985 1,420,142 5,094,918 3,454,691 3,914,362 3,926,930 3,739,311 3,761,437 Tax Increments for Redevelopment district - - - - - - - 1,547,609 1,386,521 1,311,101 Franchise Fees - - - - - - - - 1,876,575 1,764,733 Intergovernmental, unrestricted 619,197 877,198 889,450 845,090 740,554 709,550 712,776 825,591 809,756 818,039 Gain on sale of assets 99,587 456,675 (1,053) 477,494 2,592 2,950 795,860 16,865 16,440 37,833 Miscellaneous 100,950 46,174 37,595 56,788 61,199 54,223 492,052 96,105 154,996 106,546 Investment earnings 226,863 324,687 599,818 755,389 444,488 269,896 152,884 133,419 159,465 62,285 Special item: Impairment loss - - - - - - - - - (271,287) Transfers 1,991,333 1,875,000 1,980,000 1,928,924 2,917,310 2,310,464 1,667,644 1,682,717 1,656,032 (2,145,441) Total governmental activities 12,358,975 13,649,772 14,599,237 13,027,117 16,528,196 13,410,761 14,059,136 14,778,889 16,292,434 11,861,624 Business-type activities Taxes Utility service taxes 7,807 - 14,200 7,844 5,930 4,597 - - - - Gain on sale of assets 27,641 - 174,610 34,978 482 98,907 56,795 75,904 35,111 20,662 Miscellaneous 12,342 10,261 73,714 15,118 129,678 141,406 177,657 31,424 48,550 6,504 Investment earnings 128,808 354,915 734,878 713,872 579,578 340,155 202,071 65,961 69,622 11,107 Special item: Impairment loss - - - - - (3,836,055) - - (588,652) (786,713) Transfers (1,991,333) (1,875,000) (1,980,000) (1,925,000) (2,917,310) (2,310,464)