Fort Walton Beach — Fiscal Year 2014 to 2015 CRA Budget — reading text

552-4915 Legal Advertising 1,000 0.00% 245 637 472 250 552-5100 Office Supplies 1,200 380.00% 779 1,012 4,256 1,060 552-5200 Operating Supplies 8,060 660.38% 216 3,942 4,021 4,140 552-5204 Fuel & Oil 3,942 -4.79% - 248 248 100 552-5210 Uniform Expense 100 0.00% 715 697 - - 552-5231 Computer Hardware/Software - 0.00% - 175 1,950 1,335 552-5233 Tools 1,335 0.00% - 108 500 250 552-5234 Safety Supplies/Equipment 250 0.00% 1,080 870 1,830 3,025 552-5400 Dues & Publications 3,025 0.00% 835 625 2,070 1,545 552-5500 Training 1,200 -22.33% Non-Operating: 17,000 90,046 305,777 608,708 552-8200 Grants and Aids 369,214 -39.34% $ 308,834 $ 298,488 $ 546,799 $ 901,029 Total Operating Expenditures $ 832,888 -7.56% Capital Outlay: - 23,380 95,497 - 552-6310 Improvements Other Than Buildings 100,000 0.00% 772 - - - 552-6355 Landscaping/Irrigation - 0.00% - 1,066 44,361 1,790 552-6402 Equipment - 100.00% $ 772 $ 24,446 $ 139,858 $ 1,790 Total Capital Outlay $ 100,000 100.00% 109-2000-CRA 10/1/2014 4:38 PM  109 CRA FUND - 2000 CRA Actual Budget 2013-14 2014-15 % 2010-11 2011-12 2012-13 Adopted Adopted Change Capital Improvements Program: 106,782 122,251 3,370 - 5018 - Pavement Improvement - 0.00% 134,669 73,565 24,604 - 5306 - Sidewalk Construction - 0.00% 50,421 764,978 256,406 - Prior Years Capital Improvement Program - 0.00% $ 291,873 $ 960,794 $ 284,380 $ - Total Capital Improvements Program $ - 0.00% Other Financing Activity: 78,076 71,981 86,317 94,407 552-9901 Cost Allocation Reimbursement to General Fund 156,209 65.46% $ 78,076 $ 71,981 $ 86,317 $ 94,407 Total Other Financing Activity $ 156,209 65.46% $ 743,414 $ 1,454,218 $ 1,156,059 $ 1,094,141 TOTAL EXPENSES $ 1,192,077 8.95% 5.00 8.00 8.00 8.00 Number of Funded Employees (FTE's) 8.00 0.00% 147,252 498,984 465,045 498,405 Police 438,899 -11.94% 743,414 1,454,218 1,156,059 1,094,141 CRA 1,192,077 8.95% $ 890,665 $ 1,953,202 $ 1,621,104 $ 1,592,546 TOTAL FUND EXPENSES $ 1,630,976 2.41% $ 681,973 $ (476,885) $ (300,216) $ - NET REVENUE / (EXPENSE) $ (0) 0.00% 109-2000-CRA 10/1/2014 4:38 PM COMMUNITY REDEVELOPMENT AREA (CRA) Share of City Budget $1,630,976, DESCRIPTION 4.2% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area. MISSION Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual Budget CURRENT GOALS, OBJECTIVES, & METRICS (FY15) YTD thru 6/30 2010-11 2011-12 2012-13 2013-14 2013-14 2014-15 Attract & Retain Businesses in the Target Area New Businesses in the CRA n/a 29 32 28 40 30 Square Footage of Business Expansions in the CRA n/a 16,000 10,700 0 40,000 20,000 Decrease in Number of Vacant Commerical Properties n/a n/a 5% n/a n/a n/a Businesses Approved for Economic Incentive Grants n/a 7 38 8 40 20 Value of Economic Incentive Grants Provided to New or Expanding Businesses n/a $46,238 $380,314 $109,312 $325,000 $250,000 Private Investment Leveraged as a Result of Incentive Grants n/a n/a n/a $976,940 $2,000,000 $1,250,000 Grant Applications Approved within Two Weeks n/a n/a n/a 22% 75% 75% Attract & Retain Residents in the Target Area New Housing Units in the CRA n/a 11 5 0 200 10 Decrease in Number of Vacant Residential Properties n/a n/a 3% n/a n/a n/a Maintain a Balanced Approach to Funding Allocation Residential Area Improvements 22% 14% 12% annual measure 0% 25% Commercial Area Improvements 11% 35% 5% annual measure 0% 25% Crime Prevention 17% 26% 29% annual measure 32% 25% Maintenance & General Operations 51% 25% 54% annual measure 68% 25% Complete CRA Plan Projects Within Three Years From Appropriation Previous Year Funds Not Allocated to Projects as % of Current Year Ad Valorem Proceeds 272% 269% 292% annual measure 0% 0%  Work with the Recreational Services Department to update the Fort Walton Landing Master Plan.  Develop long-term (5-year and 10-year) capital improvements project list for the CRA District.  Develop better marketing materials for economic incentive programs available to new and expanding businesses in the CRA.  Complete at least 1 new public parking area in the CRA.  Complete Streetscape improvements along Carson Drive and Third Street.  Complete pedestrian improvements on Miracle Strip Pkwy.  Create new public parking maps for the downtown district; update signage in CRA, and provide a new downtown "gateway." FUTURE GOALS (FY16 & FY17)  Develop ways to increase the quantity of and access to public parking in the CRA.  Encourage private reinvestment through public improvements in the CRA.  Continue multi-modal improvements in the CRA. PRIOR YEAR ACCOMPLISHMENTS (FY14)  Completed the Sound Side Apartments project, providing 200 new housing units in the CRA.  Completed the remediation of the Brownfields site at 25 Miracle Strip Pkwy.  Updated Development Agreement and approved new Development Order for Landmark Center.  Approved 11 business incentive grant applications; $1.02M in total private funds leveraged for $164K spent in public funds. PERFORMANCE EXCELLENCE Every Service – Every Employee – Every Day