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

Business-type activities Taxes Utility service taxes 14,200 7,844 5,930 4,597 - - - - - - Gain on sale of assets 174,610 34,978 482 98,907 56,795 75,904 35,111 20,662 22,813 716 Miscellaneous 73,714 15,118 129,678 141,406 177,657 31,424 48,550 6,504 6,839 9,222 Investment earnings 734,878 713,872 579,578 340,155 202,071 65,961 69,622 11,107 55,669 159,761 Special item: Impairment loss - - - (3,836,055) - - (588,652) (786,713) - - Transfers (1,980,000) (1,925,000) (2,917,310) (2,310,464) (1,667,644) (1,682,717) (1,656,032) 2,145,441 (2,851,638) (657,558) Total business-type activities 997,402 771,812 715,668 (3,250,990) 436,523 173,289 (435,369) 1,397,001 (2,766,317) (487,859) Total primary government $ 15,596,639 $ 13,798,929 $ 17,243,864 $ 10,159,771 $ 14,495,659 $ 14,952,178 $ 15,857,065 $ 13,258,625 $ 17,017,459 $ 17,844,794 Change in Net Position Governmental activities $ 836,687 $ (1,742,126) $ 186,691 $ (1,116,377) $ (231,722) $ 1,424,688 $ (1,079,581) $ (3,818,203) $ 3,049,175 $ 2,257,653 Business-type activities 812,312 1,275,138 (703,538) (3,298,917) (160,595) (2,098,168) (385,079) 4,298,887 (3,190,409) 125,011 Total primary government $ 1,648,999 $ (466,988) $ (516,847) $ (4,415,294) $ (392,317) $ (673,480) $ (1,464,660) $ 480,684 $ (141,234) $ 2,382,664 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. Note: Beginning in FY14, the Golf Enterprise Fund was transferred into the General Fund. 105  City of Fort Walton Beach, Florida SCHEDULE 3 FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 General Fund Reserved $ 539,749 $ 701,829 $ 509,080 $ 482,179 $ 499,384 $ - $ - $ - $ - $ - Unreserved 11,129,373 12,161,545 9,367,864 9,709,202 9,314,142 - - - - - Nonspendable - - - - - 3,032,726 2,857,963 254,229 262,964 249,732 Restricted - - - - - 234,768 194,193 7,868,522 4,083,267 183,512 Committed - - - - - 5,219,706 5,040,585 5,501,353 5,589,056 5,761,221 Assigned - - - - - 1,537,572 354,999 1,301,385 1,584,887 1,396,207 Unassigned - - - - - 1,189,562 1,611,120 788,076 1,300,881 2,225,633 Total general fund $ 11,669,122 $ 12,863,374 $ 9,876,944 $ 10,191,381 $ 9,813,526 $ 11,214,334 $ 10,058,860 $ 15,713,565 $ 12,821,055 $ 9,816,305 All Other Governmental Funds Reserved $ - $ - $ - $ 50,117 $ 12,783 $ - $ - $ - $ - $ - Unreserved, reported in Capital projects 241,114 56,550 8,751 - - - - - - Debt service 92,788 92,730 91,713 91,713 92,880 - - - - - Special revenue funds 1,933,979 2,095,772 2,153,440 2,073,850 2,158,878 - - - - - Nonspendable - - - - - - - - 798 848 Restricted - - - - - 4,595,420 4,112,255 4,316,961 4,663,961 2,410,554 Committed - - - - - 1,929,448 1,959,836 2,035,225 2,249,720 2,259,756 Assigned - - - - - - - - - - Unassigned - - - - - (306) (302) (2,745) (6,231) - Total all other governmental funds $ 2,267,881 $ 2,245,052 $ 2,245,153 $ 2,224,431 $ 2,264,541 $ 6,524,562 $ 6,071,789 $ 6,349,441 $ 6,908,248 $ 4,671,158 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 Area was included with All Other Governmental Funds 106  City of Fort Walton Beach, Florida SCHEDULE 4 CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Revenues Taxes $ 11,086,466 $ 10,804,833 $ 9,039,398 $ 9,160,133 $ 9,414,513 $ 10,438,481 $ 10,065,983 $ 9,901,157 $ 11,537,812 $ 11,837,177 Licenses, permits, and fees 517,728 496,614 2,225,224 2,320,683 2,406,916 2,428,621 2,142,995 2,221,406 2,392,487 2,564,079 Intergovernmental 3,836,216 3,661,644 2,914,162 2,950,179 3,502,904 3,358,615 3,291,693 3,400,876 3,376,079 3,951,367 Charges for services 900,170 911,026 1,216,687 1,132,681 907,476 911,405 969,560 1,065,316 2,373,486 2,499,107 Fines and forfeits 247,329 247,493 268,415 387,449 204,849 151,616 142,936 241,923 133,645 131,020 Miscellaneous 850,248 3,588,708 1,211,662 1,020,342 1,370,077 817,975 537,975 431,625 827,526 1,142,936 Total Revenues 17,438,157 19,710,318 16,875,548 16,971,467 17,806,735 18,106,713 17,151,142 17,262,303 20,641,035 22,125,686 Expenditures General governmental services 4,646,594 4,355,885 5,306,276 4,419,077 5,095,790 3,699,506 3,899,740 2,514,734 2,891,275 2,813,835 Public safety 7,750,191 9,170,719 9,614,744 9,379,319 8,872,424 8,676,620 9,154,002 9,066,246 9,082,876 9,080,984 Physical environment 233,942 276,086 278,273 283,460 250,691 306,365 295,459 311,684 325,864 339,596 Transportation 1,364,414