Fort Walton Beach — Fiscal Year 2020 to 2021 CRA Budget — reading text

4,381 59.72% 36,311 42,859 62,565 63,762 552-2300 Dental, Life & Health Insurance 66,348 4.06% 9,217 7,237 7,684 7,676 552-2400 Worker's Compensation 8,524 11.05% $ 421,800 $ 443,178 $ 534,993 $ 470,780 Total Personnel Services $ 521,065 10.68% Operating Expenses: 118,243 408,581 91,797 50,000 552-3100 Professional Services 50,000 0.00% 183,929 198,768 151,184 165,000 552-3400 Other Services 180,000 9.09% 178 6,245 - - 552-3450 Other Services - Grounds Maintenance - 0.00% 591 811 - 1,200 552-4000 Travel and Per Diem 4,700 291.67% 64 - - - 552-4100 Communication Services 766 100.00% - - - 700 552-4200 Postage 700 0.00% 126,943 136,382 142,441 110,725 552-4300 Utilities 147,256 32.99% 11,550 20,600 23,660 24,600 552-4400 Rentals & Leases 23,800 -3.25% - 2,440 4,003 1,808 552-4610 Maintenance Contracts 4,330 139.49% 378 - 10 - 552-4620 Vehicle Repair - 0.00% 388 261 - - 552-4630 Equipment Repair - 0.00% 5,624 11,901 11,750 - 552-4640 Building Maintenance 8,500 100.00% - - 35 - 552-4700 Printing & Binding 1,000 100.00% 5,065 1,020 - 5,000 552-4800 Promotional Activities 5,000 0.00% - - - 125 552-4911 Holiday Gift Certificates 125 0.00% - 310 178 - 552-4915 Legal Advertising - 0.00% 2,255 - 1,684 - 552-5200 Operating Supplies - 0.00% 33 - - - 552-5204 Fuel & Oil - 0.00% - - - - 552-5210 Uniform Expense 100 100.00% - 84 29,015 18,000 552-5250 Operating Supplies - Grounds Maintenance 18,000 0.00% 1,838 1,170 1,170 1,890 552-5400 Dues & Publications 1,890 0.00% 445 - 890 1,143 552-5500 Training 2,000 74.98% Non-Operating: 60,860 - 8,874 81,400 552-8200 Grants and Aids 1,720,000 2013.02% $ 518,384 $ 788,572 $ 466,691 $ 461,591 Total Operating Expenditures $ 2,168,167 369.72% Capital Outlay: 459,317 1,003 6,000 20,000 552-6214 Improvements Buildings - -100.00% 9,162 94,791 42,052 61,500 552-6310 Improvements Other Than Buildings 20,000 -67.48% - - 108,183 - 552-6402 Equipment - 0.00% $ 468,479 $ 95,794 $ 156,235 $ 81,500 Total Capital Outlay $ 20,000 -75.46% Capital Improvements Program: - - - 200,000 541-6351 5018 - Downtown Parking Lot Improvements - -100.00% 596,491 - - - 5607 - Streetscape - 0.00% - - - - 5610 - Liza Jackson Waterfront Park Design 37,500 100.00% 572-6214 5363 -Heritage Park & Cultural Center Addition 400,000 100.00% 19,229 29,634 5,759 - 5499 - Landing Improvements - 0.00% - - - 65,000 541-6351 5608-Install Wayfinding in West Waterfront,Beal Pkwy & Uptown - -100.00% - - - 50,000 541-6214 5609-Demo of Bluewater Zoo & Bldg Design - -100.00% 132 109-2000-CRA 9/7/2022 8:43 AM  109 CRA FUND - 2000 CRA Actual Budget 2021-22 2022-23 % 2018-19 2019-20 2020-21 Adopted Adopted Change $ 615,720 $ 29,634 $ 5,759 $ 315,000 Total Capital Improvements Program $ 437,500 38.89% Other Financing Activity: 174,335 178,171 182,090 186,096 552-9901 Cost Allocation Reimbursement to General Fund 169,210 -9.07% - - - 922,276 581-9999 Revenues in Excess of Expenditures 952,056 3.23% $ 174,335 $ 178,171 $ 182,090 $ 1,108,372 Total Other Financing Activity $ 1,121,266 1.16% $ 2,198,718 $ 1,535,349 $ 1,345,768 $ 2,437,243 TOTAL EXPENSES $ 4,267,997 75.12% 133 109-2000-CRA 9/7/2022 8:43 AM COMMUNITY REDEVELOPMENT AREA (CRA) Share of City Budget $4,267,997, DESCRIPTION 7.5% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area. MISSION Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual YTD thru 03/31 Budget CURRENT GOALS, OBJECTIVES, & METRICS (FY23) 2018-19 2019-20 2020-21 2021-22 2021-22 2022-23 Attract & Retain Businesses in the Target Area New Businesses in the CRA 16 24 28 18 25 25 Square Footage of Business Expansions in the CRA 19 19,867 19,213 4,200 15,000 15,000 Businesses Approved for Economic Incentive Grants 5031 0 2 3 10 10 Value of Economic Incentive Grants Provided to New or Expanding Businesses $0 $0 $9,446 $29,555 $100,000 $100,000 Private Investment Leveraged as a Result of Incentive Grants $0 $0 $1,475,000 $1,033,862 $2,000,000 $2,000,000 Grant Applications Approved within Two Weeks 0% 0% 0% 50% 90% 90% Attract & Retain Residents in the Target Area New Housing Units in the CRA 2 1 0 0 10 10 FUTURE GOALS (FY24 & FY25)  Implement Cultural Arts League Arts & Culture Strategic Plan.  Encourage private reinvestment through public improvements in the CRA.  Continue moving forward with additional plans, studies, and projects to implement Downtown Master Plan.  Update wayfinding signage throughout CRA.  Begin construction of improvements to Fort Walton Landing Park. PRIOR YEAR ACCOMPLISHMENTS (FY22)  Formed Cultural Arts League and developed Arts & Culture Strategic Plan.  Continued CRA Grounds Maintenance Contract to ensure that the district is clean and continually maintained.  Installed new signage at the Gulfview Hotel.  Relaunched CRA Economic Incentive Grants and began awarding funding to eligible projects.