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

(1,667,644) (1,682,717) (1,656,032) 2,145,441 Total business-type activities (1,814,735) (1,509,824) (982,598) (1,153,188) (2,201,642) (5,561,454) (1,231,121) 173,289 (2,091,401) 1,397,001 Total primary government $ 10,544,240 $ 12,139,948 $ 13,616,639 $ 11,873,929 $ 14,326,554 $ 7,849,307 $ 12,828,015 $ 14,952,178 $ 14,201,033 $ 13,258,625 Change in Net Position Governmental activities $ 429,834 $ 1,467,862 $ 836,687 $ (1,742,126) $ 186,691 $ (1,116,377) $ (231,722) $ 1,424,688 $ (1,079,581) $ (3,818,203) Business-type activities (43,882) 131,936 812,312 1,275,138 (703,538) (3,298,917) (160,595) (2,098,168) (385,079) 4,298,887 Total primary government $ 385,952 $ 1,599,798 $ 1,648,999 $ (466,988) $ (516,847) $ (4,415,294) $ (392,317) $ (673,480) $ (1,464,660) $ 480,684 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2002; schedules presenting government-wide information include information beginning in that year. Note: Beginning in FY11, the Community Redevelopment Area was included with the Governmental Activities Note: Beginning in FY12, Franchise Fees were reported as General Revenues - in prior years they were included in General Government - charges for services Note: Beginning in FY13, Cost Allocations were reported as expense reductions in General Government - in prior years they were reported as transfers. 92  City of Fort Walton Beach, Florida SCHEDULE 3 FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 General Fund Reserved $ 957,768 $ 4,756,085 $ 539,749 $ 701,829 $ 509,080 $ 482,179 $ 499,384 $ - $ - $ - Unreserved 10,179,527 10,022,750 11,129,373 12,161,545 9,367,864 9,709,202 9,314,142 - - - Nonspendable - - - - - - - 3,032,726 2,857,963 254,229 Restricted - - - - - - - 234,768 194,193 7,868,522 Committed - - - - - - - 5,219,706 5,040,585 5,501,353 Assigned - - - - - - - 1,537,572 354,999 1,301,385 Unassigned - - - - - - - 1,189,562 1,611,120 788,076 Total general fund $ 11,137,295 $ 14,778,835 $ 11,669,122 $ 12,863,374 $ 9,876,944 $ 10,191,381 $ 9,813,526 $ 11,214,334 $ 10,058,860 $ 15,713,565 All Other Governmental Funds Reserved $ - $ - $ - $ - $ - $ 50,117 $ 12,783 $ - $ - $ - Unreserved, reported in Capital projects 685,174 700,975 241,114 56,550 8,751 - - - - Debt service 92,153 92,544 92,788 92,730 91,713 91,713 92,880 - - - Special revenue funds 1,789,633 1,862,308 1,933,979 2,095,772 2,153,440 2,073,850 2,158,878 - - - Nonspendable - - - - - - - - - - Restricted - - - - - - - 4,595,420 4,112,255 4,316,961 Committed - - - - - - - 1,929,448 1,959,836 2,035,225 Assigned - - - - - - - - - - Unassigned - - - - - - - (306) (302) (2,745) Total all other governmental funds $ 2,566,960 $ 2,655,827 $ 2,267,881 $ 2,245,052 $ 2,245,153 $ 2,224,431 $ 2,264,541 $ 6,524,562 $ 6,071,789 $ 6,349,441 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2002; schedules presenting government-wide information include information beginning in that year. Note: The City implemented GASB 54 in FY11 and the Community Redevelopment Districted was included with All Other Governmental Funds 93  City of Fort Walton Beach, Florida SCHEDULE 4 CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Revenues Taxes $ 9,102,668 $ 9,872,190 $ 11,086,466 $ 10,804,833 $ 9,039,398 $ 9,160,133 $ 9,414,513 $ 10,438,481 $ 10,065,983 $ 9,901,157 Licenses, permits, and fees 358,675 706,345 517,728 496,614 2,225,224 2,320,683 2,406,916 2,428,621 2,142,995 2,221,406 Intergovernmental 4,990,501 6,261,885 3,836,216 3,661,644 2,914,162 2,950,179 3,502,904 3,358,615 3,291,693 3,400,876 Charges for services 933,006 848,651 900,170 911,026 1,216,687 1,132,681 907,476 911,405 969,560 1,065,316 Fines and forfeits 305,851 329,038 247,329 247,493 268,415 387,449 204,849 151,616 142,936 241,923 Miscellaneous 637,460 1,052,422 850,248 3,588,708 1,211,662 1,020,342 1,370,077 817,975 537,975 431,625 Total Revenues 16,328,161 19,070,531 17,438,157 19,710,318 16,875,548 16,971,467 17,806,735 18,106,713 17,151,142 17,262,303 Expenditures General governmental services 5,722,625 6,737,331 4,646,594 4,355,885 5,306,276 4,419,077 5,095,790 3,699,506 3,899,740 2,514,734 Public safety 6,497,304 7,124,082 7,750,191 9,170,719 9,614,744 9,379,319 8,872,424 8,676,620 9,154,002 9,066,246 Physical environment 211,388 211,178 233,942 276,086 278,273 283,460 250,691 306,365 295,459 311,684 Transportation 1,183,153 1,284,018 1,364,414 1,550,204 1,750,680 1,316,954 1,207,449 994,272 966,050 1,012,387 Economic environment 210,649 199,284 313,153 335,185 127,355 266,132 98,996 493,526 652,086 1,032,659 Culture and recreation 2,250,304 2,277,069 2,503,469 2,636,387 2,698,993 2,582,642 2,535,682 2,233,104 2,383,239 2,267,141 Capital outlay 1,402,355 1,558,462 5,612,616 1,457,758 652,734 520,722 1,335,369 1,561,057 2,609,203 1,282,142 Debt service Principal 145,097 195,722 194,675 355,459 2,052,797 168,949 175,629 198,699 211,683 4,540,488 Interest and other costs 265,769 274,122 307,334 330,136 297,335 246,774 240,093 236,268 243,959 203,347 Total expenditures 17,888,644 19,861,268 22,926,388 20,467,819 22,779,187 19,184,029 19,812,123 18,399,417