Fort Walton Beach — Comprehensive Financial Report September 30, 2015 — reading text

343,411 350,374 304,907 393,752 383,970 379,681 392,255 379,334 Transportation 1,791,455 1,943,966 2,135,639 1,672,741 1,543,310 1,570,038 1,592,150 1,631,665 1,495,374 1,474,209 Economic environment 313,153 335,185 127,355 266,132 98,996 545,242 707,603 1,090,025 803,175 1,813,782 Culture and recreation 2,989,900 3,115,151 3,097,289 3,028,285 2,944,221 2,677,051 2,880,815 2,715,977 4,829,004 4,601,503 Debt service interest 309,094 331,771 302,948 247,703 240,940 214,470 254,516 324,405 483,301 340,497 Total government activities 18,576,908 20,285,705 21,549,620 20,099,750 19,670,009 18,372,873 19,938,472 18,533,387 20,868,498 20,907,340 Business-type activities Utilities 5,329,682 5,859,301 5,809,192 5,474,550 6,725,349 9,162,926 7,017,160 7,644,240 9,185,338 9,205,259 Sanitation 2,888,403 3,008,205 2,609,129 2,493,357 2,466,881 2,524,994 2,741,266 3,163,638 3,393,269 3,319,760 Golf 2,631,289 2,780,632 2,547,992 2,479,804 2,203,739 2,199,453 2,012,165 2,023,186 2,215 - Stormwater - - - 469,421 374,951 339,543 497,211 611,962 439,191 460,314 Total business-type activities 10,849,374 11,648,138 10,966,313 10,917,132 11,770,920 14,226,916 12,267,802 13,443,026 13,020,013 12,985,333 Total primary government expenses $ 29,426,282 $ 31,933,843 $ 32,515,933 $ 31,016,882 $ 31,440,929 $ 32,599,789 $ 32,206,274 $ 31,976,413 $ 33,888,511 $ 33,892,673 Program Revenues Governmental activities Charges for services General government $ 2,381,669 $ 2,456,663 $ 2,752,330 $ 2,921,887 $ 2,759,080 $ 2,556,270 $ 430,718 $ 409,983 $ 476,824 $ 421,987 Public safety 600,259 579,365 641,941 642,364 467,835 430,017 373,855 640,271 495,111 490,379 Physical environment 342,815 316,520 348,838 286,623 289,654 394,513 439,555 404,429 376,998 409,253 Transportation 72,815 241,622 93,987 87,654 83,586 104,776 118,067 122,275 140,038 140,809 Economic environment - - - - - 16,400 58,000 34,652 10 5,000 Culture and recreation 400,175 421,733 417,253 426,110 408,351 404,047 400,215 374,362 1,853,087 1,930,131 Operating grants and contributions 642,631 1,266,681 903,079 1,119,033 639,370 761,643 589,253 786,652 682,200 909,461 Capital grants and contributions 373,994 233,878 50,687 88,941 731,275 351,006 156,794 80,936 109,629 525,320 Total governmental activities program revenues 4,814,358 5,516,462 5,208,115 5,572,612 5,379,151 5,018,672 2,566,457 2,853,560 4,133,897 4,832,340 Business-type activities Charges for services Utilities 6,552,526 7,006,005 6,505,297 6,403,262 6,761,654 7,608,355 7,974,601 8,623,082 8,586,045 9,233,820 Sanitation 3,374,157 3,433,172 3,446,397 3,384,375 3,345,127 3,311,744 3,313,559 3,499,559 3,571,037 3,582,005 Golf 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 - - - 654,346 626,903 481,854 577,706 591,196 596,133 694,581 Operating grants and contributions - - 39,403 - - 118,226 - 1,071 - Capital grants and contributions 95,644 1,079,034 92,872 555,698 173,370 65,496 331,609 1,871,295 (157,294) 87,797 Total business-type activities program revenues 12,644,284 14,076,464 12,464,417 13,179,669 12,841,446 13,638,176 13,974,124 16,344,912 12,595,921 13,598,203 Total primary government program revenues $ 17,458,642 $ 19,592,926 $ 17,672,532 $ 18,752,281 $ 18,220,597 $ 18,656,848 $ 16,540,581 $ 19,198,472 $ 16,729,818 $ 18,430,543 Continued… 104  City of Fort Walton Beach, Florida SCHEDULE 2 CHANGES IN NET POSITION Last Ten Fiscal Years (full accrual basis of accounting) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Net (Expense)/Revenue Governmental activities $ (13,762,550) $ (14,769,243) $ (16,341,505) $ (14,527,138) $ (14,290,859) $ (13,354,201) $ (17,372,015) $ (15,679,827) $ (16,734,601) $ (16,075,000) Business-type activities 1,794,910 2,428,326 1,498,104 2,262,537 1,070,526 (588,740) 1,706,322 2,901,886 (424,092) 612,870 Total primary government $ (11,967,640) $ (12,340,917) $ (14,843,401) $ (12,264,601) $ (13,220,333) $ (13,942,941) $ (15,665,693) $ (12,777,941) $ (17,158,693) $ (15,462,130) General Revenues and Other Changes in Net Position Governmental activities Taxes Property taxes $ 4,557,414 $ 5,180,212 $ 5,052,903 $ 4,631,028 $ 4,380,221 $ 4,482,819 $ 4,295,068 $ 4,175,136 $ 5,385,235 $ 5,473,438 Sales taxes 2,529,028 2,363,078 2,214,232 1,977,959 1,943,337 2,066,834 2,198,270 2,241,242 2,362,190 2,557,062 Utility service taxes 4,006,985 1,420,142 5,094,918 3,454,691 3,914,362 3,926,930 3,739,311 3,761,437 3,889,976 4,036,009 Tax Increments for Redevelopment district - - - - - 1,547,609 1,386,521 1,311,101 1,501,208 1,552,560 Franchise Fees - - - - - - 1,876,575 1,764,733 2,004,101 2,162,617 Intergovernmental, unrestricted 889,450 845,090 740,554 709,550 712,776 825,591 809,756 818,039 819,556 896,837 Gain on sale of assets (1,053) 477,494 2,592 2,950 795,860 16,865 16,440 37,833 520,152 524,720 Miscellaneous 37,595 56,788 61,199 54,223 492,052 96,105 154,996 106,546 103,986 199,776 Investment earnings 599,818 755,389 444,488 269,896 152,884 133,419 159,465 62,285 345,734 272,076 Insurance Recoveries - - - - - - - - - - Special item: Impairment loss - - - - - - - (271,287) - - Transfers 1,980,000 1,928,924 2,917,310 2,310,464 1,667,644 1,682,717 1,656,032 (2,145,441) 2,851,638 657,558 Total governmental activities 14,599,237 13,027,117 16,528,196 13,410,761 14,059,136 14,778,889 16,292,434 11,861,624 19,783,776 18,332,653