Fort Walton Beach Resolution — 2026-25 Resolution to Adopt the FY 2026-27 Final Budget — reading text

RESOLUTION 2026- 25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA, ADOPTING THE BUDGET FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS FOR THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027; AND PROVIDING AN EFFECTIVE DATE WHEREAS, each fiscal year, the City is required to adopt a budget for the operation of the City government; and WHEREAS, the City held a FY 2026-27 tentative millage rate public meeting on June 23, 2026 and public Budget Workshops on August 11th and 26th, 2026 to discuss the FY 2026- 27 budget. The City held public budget hearings on September 9, 2026, September 23, 2026 and September 29, 2026 to formally adopt the FY 2026-27 comprehensive budget as required by Section 200. 065 of the Florida Statutes; and WHEREAS, the document entitled " City of Fort Walton Beach FY 2026- 27 Budget" comprises the total amount of$65, 428, 491 for all funds reported; and WHEREAS, it is the desire for the City Council for the City of Fort Walton Beach, Florida to adopt a final budget for the fiscal year beginning October 1, 2026 and ending September 30, 2027. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: Section 1. Adoption of Budget The City Council hereby approves and adopts the final FY 2026- 27 budget for the City of Fort Walton Beach, Florida entitled " City of Fort Walton Beach FY 2026- 27 Budget" which comprises the total amount of$ 65, 428, 491 for all funds reported. The budget is being presented as a balanced budget whereby there are sufficient revenues to offset all estimated expenditures or expenses. All budget appropriations are based upon the total expenditures and/ or expenses even though the budget has been prepared based on line items and summarized to a categorical level. Section 2. Budget Amendments a. The City Council may make any amendments to the adopted budget, by resolution, as it may deem necessary and proper. b. Budget amendments requesting additional expenditures or expenses must also identify the corresponding funding source. Section 3. Budget Transfers Budget transfers shall be accomplished pursuant to Administrative Policy FIN- 13 as provided by Resolution 2011- 19 adopted by the City Council on August 16, 2011. Section 4. Debt Service a. Debt service for the General Fund will be paid from operating revenues from the General Fund. b. Debt service for the Utilities, Sanitation and Stormwater Enterprise Funds will be paid from operating revenues from the Enterprise Funds.  RESOLUTION 2026- 25 Section 5. Carryovers a. Projects that were not completed during the prior fiscal year are carried forward and are funded with the corresponding carryover appropriations of the prior year. These are commitments anticipated to be incomplete as of September 30, 2026 and will be continued and made a part of the FY 2026- 27 budget. The document entitled " City of Fort Walton Beach FY 2026- 27 Grant & CIP Project Carryovers" dated September 23, 2026 comprises the total amount of$7, 739, 139 for all funds reported. b. Encumbrances ( open purchase orders) that were not completed during the prior fiscal year are carried forward and are funded with the corresponding carryover appropriations of the prior year. These are commitments anticipated to be incomplete as of September 30, 2026 and will be continued and made a part of the FY 2026-27 budget. The document entitled " City of Fort Walton Beach FY 2026- 27 Encumbrance Carryovers" dated September 23, 2026 comprises the total amount of$ 12, 125, 838. 73 for all funds reported. Section 6. Effective Date This resolution shall become effective on and after October 1, 2026. Adopted: S.ef{eh4104r ja0 Nic Al egretto, May• Attest: Approved as i le.= 1 form and sufficiency for the City • Ft Walton Beach, only. 41 Kin . Barnes, City ClerkJeffrey L. ; ,- r7i7 ity Attorney fT'! w i y. iiit  CITY OF FORT WALTON BEACH FY 2026- 27 CIP/ Grant Project Carryovers Council Meeting 9/ 23/2026 Project Account Amount Recreational Center Phase 3 001- 5129- 572- 6257 210, 674 001- 1503- 572- 5200 5, 550 Library Dollar General Grant 001- 1503- 572- 5200 163 Library Florida Wildflower Grant General Fund 216, 387 107- 1900- 554- 1291 7, 500 Planning/ Admin 107- 1900- 554- 5500 1, 742 Training Travel 107- 1900- 554- 4000 2, 200 107- 1900- 554- 3100 224 Neighborly Software 107- 1900- 554- 4915 21 Advertising for Hearings NCDA Dues 107- 1900- 554- 5400 30 107- 1910- 554- 3400 43, 467 Housing Rehabilitation House of Deliverance 107- 1940- 554- 5271 8, 500 107- 1940- 554- 5274 10, 179 First Community Baptist Church Combs Manor Playground/ Park 107- 1950- 554- 5276 105, 656 Computer HW/ SW 107- 1900- 554- 5231 3, 114 CDBG Fund 182, 633 Walter Martin Streetscape- Kimley Horn 109- 2000- 552- 3100 150, 000 CP- Transportation Assistance 109- 2000- 552- 3400 10, 000 CRA Incentive Grants 109- 2000- 552- 8200 39, 732 CPTED Grants 109- 2000- 552- 8200 10, 000 Nuisance Mitigation/ Abatement Program 109- 2000- 552- 8200 41, 047 109- 5499- 572- 6310 197, 556 The Landing Park Liza Jackson Park Improvements 109- 5499- 572- 6310 592, 666 CRA Fund 1, 041, 001 Street Resurfacing 111- 1499- 541- 6351 190, 684 Hollywood Blvd Reconstruction 111- 1499- 541- 6351 3, 000, 000 Florida Place Dowtown Public Parking Lot 111- 1499- 552- 6310 485, 625 Half Cent Sales Tax 3, 676, 309 401- 1300- 536- 3100 157, 381 Consultant Utility Task Orders Citywide Potable Water Improvements 401- 5056- 533- 6360 250, 000 Waterline Replacement- Beachview Dr from Bradley Dr to Marshall Di 401- 5056- 533- 6360 40, 000 401- 5056- 533- 6360 9, 559 Waterline Replacement- Moriarty St from Meadowlark Rd to Hummingbird Ave Waterline Replacement- Beachview Dr from Marshall Dr to Patton Dr 401- 5056- 533- 6360 60, 000 Waterline Replacement- Cape Dr from Holmes Blvd to Sullivan St 401- 5056- 533- 6360 25, 000 Construction New Lift Station# 2 401- 5048- 535- 6310 211, 291 Construction New Lift Station# 11 401- 5048- 535- 6310 600,000 401- 5048- 535- 6310 493, 839 Pump Station No. 2- 12- inch Force Main Construction 401- 1310- 533- 3100 43, 100 Senus Meter Reading Equip Maintenance Fee Water Meter Replacement Project 401- 5367- 533- 6368 104, 023 Utilities Fund 1, 994, 193 Brooks& Bay Dr Drainage Improvements 405- 5019- 538- 6358 75, 000 Consultant Task Orders 405- 1380- 538- 3100 233, 941 Lake Earl Seawall& 405- 5019- 538- 6358 194, 675 Dredging Stormwater Master Plan Update 405- 5019- 538- 6358 125, 000 Stormwater Fund 628, 616 Special Project Carry-Over All Funds $ 7, 739, 139  1 of 3 CITY OF FORT WALTON BEACH FY 2026-27 Encumbrance Carryovers Council Meeting 9/23/ 2026 New completion PO or PR / late Vendor Description PO Value Account