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

110  City of Fort Walton Beach, Florida SCHEDULE 8 PRINCIPAL TAXPAYERS Unaudited 2015 2006 Total Total Assessed Assessed Taxpayer Value Percentage Rank Value Percentage Rank Gulf Power Co. $ 18,499,034 1.56% 1 $ 17,382,160 1.28% 2 Suso 2 Uptown, LP 14,301,585 1.21% 2 Cox Communications Gulf Coast, LLC 7,109,751 0.60% 3 99 Eglin LTD 6,071,883 0.51% 4 13,416,300 0.99% 3 Pacifica Walton Beach LLC 5,780,686 0.49% 5 Fort Walton Machining, Inc 5,379,463 0.45% 6 Embarq Corp. 5,308,013 0.45% 7 DRS Training & Control 4,984,551 0.42% 8 FNBT.COM Bank 4,850,426 0.41% 9 HSU Paul S & Majes 4,673,005 0.39% 10 Sprint Florida, Inc. 20,311,303 1.50% 1 BLC Westwood LLC 9,562,242 0.71% 4 Aero Technical Service 8,743,326 0.65% 5 Metric Systems 8,379,093 0.62% 6 Inland Southeast Paradise Point 6,786,099 0.50% 7 Dea J. Jr & Thomas & Kilgore 6,616,753 0.49% 8 Dakota Group of NWF 6,591,958 0.49% 9 Emerald Coast Housing Corp. 6,431,342 0.47% 10 Total Taxable Assessed Value of Principal Taxpayers 76,958,397 6.49% 104,220,576 7.69% Total Taxable Assessed Value of Other Taxpayers 1,108,852,681 93.51% 1,251,138,076 92.31% Total Taxable Assessed Value $ 1,185,811,078 100.00% $ 1,355,358,652 100.00% (1) The 2015 tax roll is the basis for Fiscal Year 2015-16 tax revenues. Source: Okaloosa County Property Appraiser 111  City of Fort Walton Beach, Florida SCHEDULE 9 PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Unaudited Ratio of Ratio of Amount of Percent of Amount of Total Total Taxes Delinquent Current Current Delinquent Collected Collected to Amount of Taxes to Tax Total Tax Taxes Taxes Taxes for the Current Delinquent Current Year Levy (1) Collected Collected Collected Year Levy Taxes Levy 2015 The 2015 tax levy is the basis for Fiscal Year 2015-16 tax revenues. 2014 $ 6,656,342 $ 6,414,562 96.4% $ 31,452 $ 6,446,014 96.8% $ 3,604 0.1% 2013 6,528,146 6,269,683 96.0% 76,388 6,346,071 97.2% 11,388 0.2% 2012 5,096,206 4,880,002 95.8% 50,880 4,930,882 96.8% 10,265 0.2% 2011 5,251,483 5,050,661 96.2% 38,067 5,088,728 96.9% 19,826 0.4% 2010 5,519,832 5,309,040 96.2% 78,863 5,387,903 97.6% 11,576 0.2% 2009 5,523,136 5,280,090 95.6% 45,233 5,325,323 96.4% 59,371 1.1% 2008 5,814,307 5,606,480 96.4% 25,515 5,631,996 96.9% 22,112 0.4% 2007 6,215,424 5,976,218 96.2% 23,448 5,999,666 96.5% 16,699 0.3% 2006 6,317,712 6,085,783 96.3% 17,701 6,103,484 96.6% 17,752 0.3% (1) Includes discount taken for early payment of taxes (maximum of 4%). Source: Okaloosa County Tax Collector 112  City of Fort Walton Beach, Florida SCHEDULE 10 RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Unaudited Governmental Activities Business Activities General General State Total Percentage Fiscal Obligation Lease Revenue Revenue Obligation Lease Revenue Revolving Revenue Primary of Personal Per Year Bonds Payable Notes Bonds Bonds Payable Notes Loans Bonds Government Income (1) Capita (2) 2015 $ - $ 134,249 $ 12,371,587 $ - $ - $ - $ 8,794,000 $ 15,312,458 $ - $ 36,612,294 0.42% 1,754.39 2014 - 89,654 13,008,515 - - - - 14,004,706 9,640,146 36,743,021 0.42% 1,813.93 2013 - 101,696 13,535,936 - - - 73,533 7,068,522 9,925,055 30,704,742 0.36% 1,515.83 2012 - - 661,796 4,470,000 - 13,458 61,221 - 10,199,963 15,406,438 0.19% 762.92 2011 - - 728,480 4,615,000 - 66,118 76,586 - 10,464,872 15,951,056 0.21% 816.58 2010 - 47,374 - 4,755,000 - 141,737 - - 13,856,796 18,800,907 0.26% 923.65 2009 - 93,003 - 4,885,000 - 226,886 - - 14,575,130 19,780,019 0.28% 956.71 2008 - 197,509 - 5,010,000 - 584,170 - - 15,125,535 20,917,214 0.30% 999.96 2007 - 260,306 - 7,000,000 - 479,246 - - 15,651,029 23,390,581 0.34% 1,113.41 2006 - 320,764 - 7,295,000 - 614,203 - - 16,151,523 24,381,490 0.36% 1,167.58 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. (1) See Schedule 15 for personal income data. (2) See Schedule 15 for population data. Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. 113  City of Fort Walton Beach, Florida SCHEDULE 11 RATIO OF NET GENERAL BONDED DEBT OUTSTANDING Last Ten Fiscal Years Unaudited Governmental Activities Percentage of General Actual Taxable Fiscal Year Obligation Bonds Value of Property (1) Per Capita (2) 2015 $ - 0.00% $ - 2014 - 0.00% - 2013 - 0.00% - 2012 - 0.00% - 2011 - 0.00% - 2010 - 0.00% - 2009 - 0.00% - 2008 - 0.00% - 2007 - 0.00% - 2006 - 0.00% - 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. (1) See Schedule 6 for property value data. (2) See Schedule