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

City of Fort Walton Beach, Florida SCHEDULE 1 NET POSITION BY COMPONENT Last Ten Fiscal Years (full accrual basis of accounting) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Governmental Activities Net investment in capital assets $ 23,531,576 $ 24,866,399 $ 27,443,877 $ 27,791,054 $ 27,347,098 $ 29,375,380 $ 28,280,342 $ 28,266,271 $ 28,034,343 $ 28,661,006 Restricted Debt service 21,156 25,449 25,449 21,156 21,156 26 - 21,156 21,156 21,156 Improvement Districts 3,833,430 4,073,364 1,874,265 1,437,363 1,552,484 1,812,525 1,691,456 3,060,014 4,133,412 5,234,216 Public safety 462,375 565,946 507,625 536,448 426,892 468,331 673,892 879,583 1,060,646 1,343,836 Other purposes 177,129 172,630 187,575 165,895 93,456 66,707 1,370,446 2,248,298 3,784,023 5,776,594 Unrestricted 9,329,608 10,700,661 159,868 2,158,813 (1,447,438) (2,667,720) (377,793) 4,171,642 8,279,303 8,070,651 Total governmental activities net position $ 37,355,274 $ 40,404,449 $ 30,198,659 $ 32,110,729 $ 27,993,648 $ 29,055,249 $ 31,638,343 $ 38,646,964 $ 45,312,883 $ 49,107,459 Business-Type Activities Net investment in capital assets $ 17,305,881 $ 13,779,184 $ 12,886,793 $ 12,893,855 $ 13,818,340 $ 13,829,575 $ 13,678,160 $ 14,566,978 $ 14,023,752 $ 13,422,691 Restricted Debt service 1,087,405 1,082,935 157,228 157,228 157,228 157,228 157,228 157,228 157,228 157,228 System improvements 305,508 367,263 382,734 404,761 452,472 440,212 454,564 465,123 476,154 463,361 Unrestricted 9,379,587 9,658,709 10,656,992 11,118,844 11,731,659 12,252,058 14,010,607 14,639,462 15,561,538 15,699,234 Total business-type activities net position $ 28,078,381 $ 24,888,091 $ 24,083,747 $ 24,574,688 $ 26,159,699 $ 26,679,073 $ 28,300,559 $ 29,828,791 $ 30,218,672 $ 29,742,514 Primary Government Net investment in capital assets $ 40,837,576 $ 38,645,583 $ 40,330,670 $ 40,684,909 $ 41,165,438 $ 43,204,955 $ 41,958,502 $ 42,833,249 $ 42,058,095 $ 42,083,697 Restricted 5,887,003 6,287,587 3,134,876 2,722,851 2,703,688 2,945,029 4,347,586 6,831,402 9,632,619 12,996,391 Unrestricted 18,709,195 20,359,370 10,816,860 13,277,657 10,284,221 9,584,338 13,632,814 18,811,104 23,840,841 23,769,885 Total primary government net position $ 65,433,774 $ 65,292,540 $ 54,282,406 $ 56,685,417 $ 54,153,347 $ 55,734,322 $ 59,938,902 $ 68,475,755 $ 75,531,555 $ 78,849,973 Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive 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. 106  City of Fort Walton Beach, Florida SCHEDULE 2 CHANGES IN NET POSITION Last Ten Fiscal Years (full accrual basis of accounting) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Expenses Governmental activities General government $ 2,662,406 $ 3,179,768 $ 2,735,875 $ 3,285,039 $ 3,581,072 $ 3,799,439 $ 3,559,619 $ 4,182,204 $ 4,222,810 $ 4,318,011 Public safety 9,729,228 9,685,621 9,562,140 10,172,215 11,507,059 11,420,904 11,159,777 12,040,368 13,746,451 14,020,586 Physical environment 379,681 392,255 379,334 430,490 543,287 505,458 519,126 497,072 547,701 531,268 Transportation 1,631,665 1,495,374 1,474,209 1,494,178 1,536,979 1,401,819 1,406,227 1,268,589 1,253,402 1,401,797 Economic environment 1,090,025 803,175 1,813,782 1,540,230 1,591,643 1,174,794 1,412,332 1,317,571 1,131,722 1,194,625 Culture and recreation 2,715,977 4,829,004 4,601,503 5,375,183 5,403,198 5,538,881 5,781,339 5,999,273 5,990,714 6,103,857 Debt service interest 324,405 483,301 340,497 323,639 304,331 291,590 664,131 727,034 700,924 716,930 Total government activities 18,533,387 20,868,498 20,907,340 22,620,974 24,467,569 24,132,885 24,502,551 26,032,111 27,593,724 28,287,074 Business-type activities Utilities 7,644,240 9,185,338 9,205,259 10,066,769 9,420,248 9,810,437 9,961,949 9,315,619 10,574,909 10,480,961 Sanitation 3,163,638 3,393,269 3,319,760 3,407,992 3,687,087 3,774,624 3,720,984 3,824,136 3,996,753 4,142,106 Golf 2,023,186 2,215 - - - - - - - - Stormwater 611,962 439,191 460,314 611,351 681,541 727,282 762,181 764,925 1,040,698 1,035,826 Total business-type activities 13,443,026 13,020,013 12,985,333 14,086,112 13,788,876 14,312,343 14,445,114 13,904,680 15,612,360 15,658,893 Total primary government expenses $ 31,976,413 $ 33,888,511 $ 33,892,673 $ 36,707,086 $ 38,256,445 $ 38,445,228 $ 38,947,665 $ 39,936,791 $ 43,206,084 $ 43,945,967 Program Revenues Governmental activities Charges for services General government $ 409,983 $ 476,824 $ 421,987 $ 421,503 $ 448,911 $ 434,820 $ 508,494 $ 532,475 $ 550,688 $ 354,235 Public safety 640,271 495,111 490,379 523,163 570,556 532,536 643,944 1,440,937 1,883,415 2,204,959 Physical environment 404,429 376,998 409,253 371,205 399,338 387,821 414,695 415,266 724,582 535,838 Transportation 122,275 140,038 140,809 207,860 240,653 246,164 252,418 258,883 270,779 288,888 Economic environment 34,652 10 5,000 392,118 12,000 - 21,300 36,701 51,039 46,413 Culture and recreation 374,362 1,853,087 1,930,131 1,805,332 1,846,019 2,078,405 2,171,484 2,095,326 2,572,448 2,787,760 Operating grants and contributions 786,652 682,200 909,461 908,595 825,624 706,094 765,032 4,049,001 2,348,391 1,460,346 Capital grants and contributions 80,936 109,629 525,320 802,809 361,641 1,487,587 37,406 232,491 186,874 125,832 Total governmental activities program revenues 2,853,560 4,133,897 4,832,340 5,432,585 4,704,742 5,873,427 4,814,773 9,061,080 8,588,216 7,804,271 Business-type activities Charges for services Utilities 8,623,082 8,586,045 9,233,820 10,141,724 10,970,823 10,737,496 11,390,289 11,356,045 11,856,685 11,944,833 Sanitation 3,499,559 3,571,037 3,582,005 3,599,838 3,663,445 3,774,519 3,871,204 3,934,207 4,381,765 4,824,130 Golf 1,758,709 - - - - - - - - - Stormwater 591,196 596,133 694,581 860,644 917,844 975,805 1,027,310 1,035,033 1,035,527 1,037,228 Operating grants and contributions 1,071 - - - - - - - - - Capital grants and contributions