Fort Walton Beach — Annual Comprehensive Financial Report, September 30, 2022 — reading text

(435,529) FUND BALANCE (DEFICIT) AT BEGINNING OF YEAR 108,208 18,029 934,409 (19,782) 4,154,232 21,156 5,216,252 FUND BALANCE (DEFICIT) AT END OF YEAR $ 106,854 $ 21,895 $ 1,215,087 $ (19,782) $ 3,435,513 $ 21,156 $ 4,780,723 99  CITY OF FORT WALTON BEACH, FLORIDA LAW ENFORCEMENT TRUST SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ - $ 8,000 $ 3,477 $ (4,523) Fines - - 330 330 Miscellaneous 2,309 2,309 75 (2,234) Total revenues 2,309 10,309 3,882 (6,427) EXPENDITURES Current Public safety 12,173 20,173 1,136 19,037 Capital outlay - - 4,100 (4,100) Total expenditures 12,173 20,173 5,236 14,937 NET CHANGE IN FUND BALANCE (9,864) (9,864) (1,354) 8,510 FUND BALANCE AT BEGINNING OF YEAR 12,093 12,093 108,208 96,115 FUND BALANCE AT END OF YEAR $ 2,229 $ 2,229 $ 106,854 $ 104,625 100  CITY OF FORT WALTON BEACH, FLORIDA LAW ENFORCEMENT TRUST TRAINING SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Fines $ 400 $ 400 $ 3,858 $ 3,458 Miscellaneous 100 100 8 (92) Total revenues 500 500 3,866 3,366 EXPENDITURES Current Public safety 500 500 - 500 Total expenditures 500 500 - 500 NET CHANGE IN FUND BALANCE - - 3,866 3,866 FUND BALANCE AT BEGINNING OF YEAR - - 18,029 18,029 FUND BALANCE AT END OF YEAR $ - $ - $ 21,895 $ 21,895 101  CITY OF FORT WALTON BEACH, FLORIDA FLORIDA BUILDING CODE SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Permits and fees $ 503,615 $ 503,615 $ 860,555 $ 356,940 Miscellaneous 500 500 395 (105) Total revenues 504,115 504,115 860,950 356,835 EXPENDITURES Current Public safety 637,060 637,060 552,674 84,386 Capital outlay 27,000 27,000 27,598 (598) Total expenditures 664,060 664,060 580,272 83,788 NET CHANGE IN FUND BALANCE (159,945) (159,945) 280,678 440,623 FUND BALANCE AT BEGINNING OF YEAR 159,945 159,945 934,409 774,464 FUND BALANCE AT END OF YEAR $ - $ - $ 1,215,087 $ 1,215,087 102  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 FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Intergovernmental $ 168,866 168,866 $ 192,516 $ 23,650 Total revenues 168,866 168,866 192,516 23,650 EXPENDITURES Current Economic environment 323,831 323,831 192,516 131,315 Total expenditures 323,831 323,831 192,516 131,315 NET CHANGE IN FUND BALANCE (154,965) (154,965) - 154,965 FUND BALANCE (DEFICIT) AT BEGINNING OF YEAR 154,965 154,965 (19,782) (174,747) FUND BALANCE (DEFICIT) AT END OF YEAR $ - $ - $ (19,782) $ (19,782) 103  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 FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Investment losses, net $ - $ - $ (744,296) $ (744,296) Miscellaneous 300 300 641 341 Total revenues 300 300 (743,655) (743,955) EXPENDITURES Current Physical environment 14,919 14,919 11,369 3,550 EXCESS OF REVENUES OVER EXPENDITURES (14,619) (14,619) (755,024) (740,405) OTHER FINANCING SOURCES (USES) Transfers in 35,017 35,017 36,305 1,288 Transfers out (350,000) (350,000) - 350,000 Total other financing sources (uses) (314,983) (314,983) 36,305 351,288 NET CHANGE IN FUND BALANCE (329,602) (329,602) (718,719) (389,117) FUND BALANCE AT BEGINNING OF YEAR 329,602 329,602 4,154,232 3,824,630 FUND BALANCE AT END OF YEAR $ - $ - $ 3,435,513 $ 3,435,513 104  CITY OF FORT WALTON BEACH, FLORIDA DEBT SERVICE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2022 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) REVENUES Miscellaneous $ - $ - $ - $ - Total revenues - - - - EXPENDITURES Debt service Principal 1,390,095 1,390,095 1,683,683 (293,588) Interest 295,401 295,401 700,332 (404,931) Total expenditures 1,685,496 1,685,496 2,384,015 (698,519) DEFICIENCY OF REVENUES UNDER EXPENDITURES (1,685,496) (1,685,496) (2,384,015) (698,519) OTHER FINANCING SOURCES Transfers in 1,685,496 1,685,496 2,384,015 698,519 NET CHANGE IN FUND BALANCE - - - - FUND BALANCE AT BEGINNING OF YEAR - - 21,156 21,156 FUND BALANCE AT END OF YEAR $ - $ - $ 21,156 $ 21,156 105 III. STATISTICAL SECTION (UNAUDITED) This section of the City’s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, and note disclosures say about the City’s overall financial Health. Financial Trends These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. Revenue Capacity These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive and annual financial reports for the relevant year.