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

19;403 1 tb00g 153,012 - $ -_ . $ -111, ?, 614 $ , 55,411: $ = 117, 639 TOTAL FUND REVENUES `` '= ';;•. $ .`; , 134,803, f 14: 59% 107 - 00BG 7( 3120148:30 AM  ion COMMUNITY DEVELOPMENT BLOCK GRANT FUND Actual Budget 2013 -14 2014 -15 2010. 11 2011. 12 2012 -13 Adopted City Manager Change Personal Services: 5, 764 8, 528 19oo -554 -1291 Salary Allocation Reimb to General Fund 5, 887 - 30.97% 4, 352 $ 8, 528 Total Personal Services 5, 887 - 30.97% Operating Expenditures: 1900 -554 -3100 Professional Services 12, 540 100.00% 611 - 600 1900- 554.4000 Travel and Per Diem 600 0. 00% 64 14 63 10 1900 -554 -4200 Postage 10 0. 00% 1, 604 1, 483 1, 035 1, 500 1900.5544915 Legal Advertising 1, 500 0. 00% 350 - 350 19oo- 554 -55oo Training 350 0. 00% Land Clearance 10, 000 1910- 554 -3400 Nuisance Abatement 10,000 100. 00% 24, 892 Economic Economic DevelopmentDevelopment 0. 00% 12, 270 30,415 31, 548 HousingHousing Rehabilitation Rehabilitation 0. 00% 89,89, 925925 42,42, 077077 22, 817 17, 645 Public Services 17, 310 1. 90% 0. 48 0.48 0.48 0.48 Number of Employees( FTE' s) 0. 48 1940- 554 -1300 Chester Pruitt - Part -Time Wages 10,10, 030030 0. 00% 1940- 554 -2100 Chester Pruitt - FICA Taxes 622 0. 00% 1940 -554 -2101 Chester Pruitt - Medicare 0. 00% 1940 -554 -2400 Chester Pruitt - Worker's Compensation 294294 0. 00% 1940 -554 -3451 Chester Pruitt - Program Instruction &Transportation 5,5, 500500 0.0. 00%00% 1940- 554 -5251 Chester Pruitt - Program Expense 1,1, 054054 0.0. 00% 00% 1940 -554 -8200 Chester Pruitt - Grant & Aid 03, 862 f--7T, 9--50 80, 356 30, 05 Total Operating Expenditures 27 57. 02% 23,778 13, 802 1, 704 37, 467 Public Facilities 66, 466 77. 40% 1950- 554 -6353 Eleanor Johnson Restrooms 1950 -554 -6355 Sewer Lateral Program Phase I 29, 000 Land Acquisition 100. 00% 1970- 554 -6158 Burnette Property Park Acquisition 23, 778 -- 7 02 --- 7,- 707- X66, 67- Total Capital Improvements 66, 466 0. 00% Other Financing Activity: 29, 295 22,857 16, 998 12, 539 1600.554 -9901 Cost Allocation Reimbursement to General Fund 15, 180 21. 06% 2§-,29-5 — 22.95-7- - F- 7r, 9-98- - F- 7f, 5-3T Total Other Financing Activity 1 156, 935 $ 111, 610 1: iii 1 0. 000/6 107 - CDBG 7131 0148:30 AM  Community Redevelopment Agency Fund The Community Redevelopment Agency ( CRA) Fund encompasses 4.4% of the City' s activities and services and accounts for funding derived from City of Fort Walton Beach and Okaloosa County Tax Increment Funding ( TIF) —proceeds from increases in the taxable assessed value of the CRA District. The original CRA area was formed in 1980, with that being the base year for the purpose of determining the growth in assessed taxable value. In 1999 the CRA area was expanded to include an additional area. The TIF is determined by the growth in the assessed value of taxable property located in the CRA district from the base year to the current tax year and is multiplied by the current tax rate for the City and County. Expenditures in the CRA area target eliminating blight in residential and commercial areas. Revenue Highlights 51. 800.000 Budget 1. 600.000 Chance Chanee 2014 -I5 s1. 460.000 Ad Valorem Taxes 975, 294 15, 866 1. 7% 1. 200.000 Intergovt Revenue 574, 679 4, 181 0. 7% 1. 000.000 Interest & Other 62, 620 0 0. 0% 800. 000 Approp. from Reserves 18. 383 18, 383 100. 0% 600. 000 1, 630, 976 38, 430 2. 4% S400.000 5200.000 so Actual Actual Actual Budget Budget 2010 -11 2011 - 12 2012 - 13 - 2013 - 14 2014 -15 a Ad Valorem Taxes Intergov' t Revenue olnterest & Other ainterfund Transfers UAppropriations TheThe budgetbudget isis predicatedpredicated onon maintainingmaintaining thethe CityCity millagemillage ( ( AdAd Valorem)Valorem) raterate atat 5.5. 76977697 mills.mills. OneOne millmill equalsequals $ $ 11 perper $ $ 1,1, 000000 ofof taxabletaxable propertyproperty value.value. CountyCounty AdAd ValoremValorem taxtax proceedsproceeds areare accountedaccounted forfor asas intergovernmental intergovernmental revenues.revenues. TheThe County'County' ss millagemillage raterate isis 3.3.