Fort Walton Beach Council agenda — 8-11-14--proposed budget — reading text

53. 0 Man a planning, fleet, and facilities. These expenses ` s25 have been on the decline due to staffing and S2. 0 sls operational budget cuts, as well as property & Sl. o, casualty insurance normalizing after spiking as a S° w,- result of the 2004 & 2005 Florida hurricane S°. o . General Gov' t seasons. The dramatic decrease in FY 2012 -13 was due to an accounting change to record the x2010 -11 x2011 - 12 - 2012 - 13 aBudget 2013 -14 aBudget 2013 -15 cost allocation plan as reimbursements ( e. g. decreases in expenses) rather than transfers among funds. The $ 126K, or 4. 5 %, decrease for FY 2014 -15 is attributable to general operational adjustments to achieve a sustainable budget. Debt Service – This category totals $ 2. 6M, or 7. 1 %, of total expenses and includes principal and interest payments for the City' s equipment and facilities funded via capital lease /purchase, bond issue, or other debt financing. Overall, debt expense is only $ 222K, or 8. 4 %, more than the previous year due to the true -up of the final expenses on the State Revolving Fund Loan for Pump Station # 1 and Force Main. No new debt was issued. City of Fort Wahon Beach. FL Expenditures Capital Outlay/ Improvement – This category $ 18. 0 comprises $ 2. IM, or 5. 8 %, of total expenses. $ 16. 0 Capital outlay includes the purchase of 514. 0 computers, vehicles, equipment, and other assets S12 -0m with a value greater than $ 1, 000 and a useful life 1:S 10-0 L ss. o of more than one year. Capital improvement 6. 0 includes the acquisition, construction, $ 0 replacement, or renovation of facilities and S2. s2. o infrastructure with a value greater than $ 25, 000 so0 — — - Capital lmpmvemem and a useful life of ten years or more ( e. g. Capital Outlay buildings, parks, streets, water and sewer lines). u2010 -11 02011 - 12 u2012- 13 oBudget w Budget 2013 -14 2014 -IS IT funding of $64K includes a network switch, new servers, and various laptops and desktops replacements. Vehicle replacements in the amount of $504K includes 5 patrol vehicles, 2 utility bed trucks, 2 SUVs, 1 frontloader. The following capital improvement projects are budgeted at a total cost of $ 1. 17M: water line replacement, sewer system grouting & lining, lift station rehab, multiple a/ c unit replacements, street resurfacing/ restripping, and storm drainage improvement. The increase in FY 2012 -13 was due to the construction of the new pump station and force main. Interfund Transfers – Interfund transfers represent $ 1. 7M, or 4. 6 %, of total expenses. Transfers to the General Fund total $ 1. 7M based on the Cost Allocation Plan, which provides reasonable and proportionate reimbursement for services provided to the enterprise funds such as city attorney), city manager, administrative services ( i. e. city clerk, city council ( including human resources, risk management, information technology), financial services ( i. e. budget, grants, accounting, accounts payable, payroll, purchasing), and engineering services ( i. e. engineering, fleet, facilities). This category remains relatively flat. Economic Environment – This category totals S1. 6 — 1. 2M, or 3. 1 %, of total expenses and includes S14 the Community Development Block Grant 11 .2 CDBG) program for low- moderate income S1. 0 s families and Community Redevelopment SO- 8' Agency ( CRA) program to revitalize blighted S0. 6 areas. CDBG funding comes from the U.S." SOA Department of Housing and Urban Development, 50. 2 w and although fewer federal dollars are allocated 0.0 CRA to the City, costs are slightly up due to a required CDBG AIFH Study in FY 2015 and higher costs 02010 -II 02011 - 12 u2012 -13 aBudget 2013 -14 WBudget 2014 - 15 allocated from the General Fund. CRA activities are funded from a portion of City and County tax dollars. Ad valorem revenues are anticipated accounting for the budgetary increase of $ 16K, or 1. 5 %. The timing of to increase 1. 71 %, capital projects explains annual fluctuations in prior years. City of Fort Wahon Beach. FL Expenditures Transportation — This category represents So. e L I M, or 2. 9 %, of total expenses and includes so. s streets, right -of -way, and engineering. Roadway - 504 related expenses are funded in large part by local option fuel tax proceeds ( two total, one of which ` $ 0.3 was new as of Jan 2014) and reimbursements SO. 2 from the Florida Department of Transportation. The $ 29K, or 2. 8 %, increase in this category is SO. I primarily due to the new second option fuel tax. Soo Streets Rightof -Way Engineering 612010 - 11 02011 - I2 ta2012 - 13 aBudget aBudget 2013 -14 2014 - 15 Reserves — Reserve funds are budgeted if anticipated revenues exceed budgeted expenses or for the specific purpose of rebuilding fund balance ( governmental funds) or net assets ( enterprise funds). Reserves totaling $ 848K, or 2. 3 %, of expenses are budgeted in the Florida Building Code, Utilities, Sanitation, Stormwater, and Beal Memorial Cemetery funds. Contingencies —Contingency funds total $ 251K, or 0. 7 %, of total expenses and are budgeted to guard against unanticipated price increases ( e. g. fuel, utilities), emergency. repairs, or revenue shortfalls. The City budgets 1% of personnel and operating expenses as contingency funds in the General, Florida Building Code, Utilities, Sanitation, and Stormwater funds. Citv of Fort Wahon Beach, FL  CITY OF FORT WALTON BEACH, FL Total Expenditures by Category - All Funds Council 124. 514 221, 225 210 345.345. 949949 355. 664 9.9. 715)715) 2.2. 7% 7% Manager 315. 547 10. 419 900 425 327191327191 261. 354 65. 937 25 2% mation Technolog 203. 559 173. 450 5. 100 850 382, 959 368.368. 860860 14. 099 3.3. 8989 ian Resources 192. 835 40, 133 638 233,233, 606606 225,225, 729729 7. 877 3. 5% Management 592. 454 592. 454 568, 065 24.24. 389389 4. 39- Clerk 159. 168 44. 107 638