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

$ $ 36,36, 000000 TotalTotal InterfundInterfund TransfersTransfers $ $ 36,36, 000000 0.0. 00%00% 111111 - - II 111111 11 1111 1`1` 33,33, 626,--, 626,--, 1$ 47,47, 546;546; • $ :•:$ : : 87;87; 327,327, _' $.__' $._ 67;67; 000000 ' ' TOTALTOTAL FUNDFUND REVENUES,;,— REVENUES,;,— ; _ $`::; ; _ $`::; 67,67, 000'000' x,x, OperatingOperating Expenditures:Expenditures: 239239 8,8, 642642 8,8, 000000 2200-2200- 530-530- 31003100 ProfessionalProfessional ServicesServices 8,8, 000000 0.0. 00% 00% F-- F--- - 239239 8,8, 642642 8,8, 000000 TotalTotal Operating Operating ExpendituresExpenditures 8,8, 665665 6.6. 00°00° oo OtherOther FinancingFinancing Activity:Activity: 13,13, 149149 21,21, 486486 3,3, 290290 - - 1600-1600- 581581 - - 91029102 TransferTransfer toto GeneralGeneral FundFund 0.0. 00% 00% 59,59, 000000 1600-1600- 581581 - - 99209920 ReserveReserve forfor FutureFuture CemeteryCemetery PerpetualPerpetual CareCare 59,59, 000000 0.0. 00%00% 13,13, 149149 22, , 8686 3,3, 290290 - - F--- 5T0-00 5T0- TotalTotal OtherOther FinancingFinancing ActivityActivity 55, , 000000 sy'•sy'•. . 13,13, 149149 $ $ 21;21; T24'-T24'- $ "' "`$ "' "` 11,11, 932932 $ $ 67,67, 000-:000-: -- -- TOTALTOTAL FUNDFUND EXPENSESEXPENSES :';:.',; $ :';:.',; $ 67,67, 000000 ° ° 0.0. 00%00% 20,20, 477477 $ $ 25,25, 822822 $ $ 75,75, 389389 . $ :.. $ :. NETNET REVENUEREVENUE /( / ( EXPENSE)EXPENSE) 602602 - - BealBeal 71312014 71312014 8:8: 3434 AMAM  Utilities Fund The Utilities Fund encompasses 30.0% of the City' s activities and services and accounts for water production and distribution and sewer collection and treatment. These activities are financed and operated in a manner similar to a private business — where the intent is that the cost ( expenses, including depreciation) of providing the services to the public on a continuing basis be financed and recovered primarily through user charges. Revenue Highlights S12 Budget 2014 -15 Chan Le Chanee s10 Charges for Services 8, 933, 647 516, 764 6. 1% ss Interest & Other 73, 377 9, 444 11. 4% Use of Reserves 2. 158. 692 1. 654. 873 328. 5% c 6 L 11, 165, 716 52. 162, 193 24. 0% S4 2 s0 Actual Actual Actual Budget Budget 2010 -11 2011 - 12 2012 - 13 2013 -14 2014 -15 Licenses & Permits aInlergov' t Revenue aCharges for Services Interest & Other o lnlerfund Transfers eAppropriations Water and sewer rates are assumed to increase 5% on October 1, 2014 for budget purposes. A new five -year utility rate study is underway to determine the required rate increase to generate enough revenue to 'sustain a renewal and replacement reserve and account for the debt service associated with the new force main and pump station. The full amount of budgeted use of reserves for capital projects may not be necessary depending on the outcome of the rate study. Expenditure Highlights 25 Budget 20 2014 -15 Change Chanee Personal Services 2. 159. 549 140, 934 7. 0% Operations & Maintenance 5. 573. 202 1, 361, 352 32. 3% Capital Outlay /Imprvmt 608. 650 198, 229 24. 6% i s10 Debt Service 1, 603, 190 286, 394 21. 7% Interfund Transfers Out 519. 267 28, 834 5. 9% 5 Replenish Reserves 701. 858 542. 908 341. 6% S11, 165, 716 2, 162, 193 24. 0% 0 Actual Actual Actual Budget Budget 2010 -11 2011 - 12 2012 -13 2013 -14 2014 -15 oPenonalServices Operations & Maintenance a CapitalOuday/Imprvmt a Debt Service Interfund Transfers